Skyx Platforms Corp Stock Probability of Future Stock Price Finishing Over 0.99
| SKYX Stock | USD 0.98 0.01 1.03% |
SKYX |
SKYX Platforms Target Price Odds to finish over 0.99
The tendency of SKYX Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 0.99 or more in 90 days |
| 0.98 | 90 days | 0.99 | about 63.68 |
Based on a normal probability distribution, the odds of SKYX Platforms to move over $ 0.99 or more in 90 days from now is about 63.68 (This SKYX Platforms Corp probability density function shows the probability of SKYX Stock to fall within a particular range of prices over 90 days) . Probability of SKYX Platforms Corp price to stay between its current price of $ 0.98 and $ 0.99 at the end of the 90-day period is about 1.86 .
Given the investment horizon of 90 days SKYX Platforms has a beta of 0.92. This usually implies SKYX Platforms Corp market returns are sensitive to returns on the market. As the market goes up or down, SKYX Platforms is expected to follow. Additionally SKYX Platforms Corp has an alpha of 0.0484, implying that it can generate a 0.0484 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SKYX Platforms Price Density |
| Price |
Predictive Modules for SKYX Platforms
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SKYX Platforms Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SKYX Platforms' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SKYX Platforms Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SKYX Platforms is not an exception. The market had few large corrections towards the SKYX Platforms' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold SKYX Platforms Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SKYX Platforms within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.92 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | 0.01 |
SKYX Platforms Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of SKYX Platforms for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SKYX Platforms Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SKYX Platforms Corp had very high historical volatility over the last 90 days | |
| SKYX Platforms Corp has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 58.79 M. Net Loss for the year was (39.73 M) with loss before overhead, payroll, taxes, and interest of (106.18 K). | |
| SKYX Platforms Corp currently holds about 24.68 M in cash with (13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3. | |
| Roughly 40.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: SKYX to Participate in the 13th Annual ROTH Technology Conference in New York City November ... |
SKYX Platforms Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of SKYX Stock often depends not only on the future outlook of the current and potential SKYX Platforms' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. SKYX Platforms' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 88.4 M | |
| Cash And Short Term Investments | 16.8 M |
SKYX Platforms Technical Analysis
SKYX Platforms' future price can be derived by breaking down and analyzing its technical indicators over time. SKYX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SKYX Platforms Corp. In general, you should focus on analyzing SKYX Stock price patterns and their correlations with different microeconomic environments and drivers.
SKYX Platforms Predictive Forecast Models
SKYX Platforms' time-series forecasting models is one of many SKYX Platforms' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary SKYX Platforms' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about SKYX Platforms Corp
Checking the ongoing alerts about SKYX Platforms for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SKYX Platforms Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SKYX Platforms Corp had very high historical volatility over the last 90 days | |
| SKYX Platforms Corp has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 58.79 M. Net Loss for the year was (39.73 M) with loss before overhead, payroll, taxes, and interest of (106.18 K). | |
| SKYX Platforms Corp currently holds about 24.68 M in cash with (13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3. | |
| Roughly 40.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: SKYX to Participate in the 13th Annual ROTH Technology Conference in New York City November ... |
Additional Tools for SKYX Stock Analysis
When running SKYX Platforms' price analysis, check to measure SKYX Platforms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SKYX Platforms is operating at the current time. Most of SKYX Platforms' value examination focuses on studying past and present price action to predict the probability of SKYX Platforms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKYX Platforms' price. Additionally, you may evaluate how the addition of SKYX Platforms to your portfolios can decrease your overall portfolio volatility.