Skycity Entertainment Group Stock Probability of Future Pink Sheet Price Finishing Over 1.01
| SKYZF Stock | USD 0.92 0.00 0.00% |
SkyCity |
SkyCity Entertainment Target Price Odds to finish over 1.01
The tendency of SkyCity Pink Sheet 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 $ 1.01 or more in 90 days |
| 0.92 | 90 days | 1.01 | about 15.62 |
Based on a normal probability distribution, the odds of SkyCity Entertainment to move over $ 1.01 or more in 90 days from now is about 15.62 (This SkyCity Entertainment Group probability density function shows the probability of SkyCity Pink Sheet to fall within a particular range of prices over 90 days) . Probability of SkyCity Entertainment price to stay between its current price of $ 0.92 and $ 1.01 at the end of the 90-day period is about 45.73 .
Assuming the 90 days horizon SkyCity Entertainment has a beta of 0.0736. This usually implies as returns on the market go up, SkyCity Entertainment average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SkyCity Entertainment Group will be expected to be much smaller as well. Additionally SkyCity Entertainment Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. SkyCity Entertainment Price Density |
| Price |
Predictive Modules for SkyCity Entertainment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SkyCity Entertainment. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.SkyCity Entertainment Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SkyCity Entertainment is not an exception. The market had few large corrections towards the SkyCity Entertainment's 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 SkyCity Entertainment Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SkyCity Entertainment within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.42 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.16 |
SkyCity Entertainment 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 SkyCity Entertainment for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SkyCity Entertainment can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SkyCity Entertainment generated a negative expected return over the last 90 days | |
| SkyCity Entertainment has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 553.54 M. Net Loss for the year was (33.59 M) with profit before overhead, payroll, taxes, and interest of 266.94 M. | |
| About 12.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from newswire.com: RMTG Achieves Operational Profitability Expands Sales by 52 percent for Q3 Year Over Year and Reaches Gross Profit Margin of 75 percent for Q3 |
SkyCity Entertainment 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 SkyCity Pink Sheet often depends not only on the future outlook of the current and potential SkyCity Entertainment's 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. SkyCity Entertainment's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 760.2 M |
SkyCity Entertainment Technical Analysis
SkyCity Entertainment's future price can be derived by breaking down and analyzing its technical indicators over time. SkyCity Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SkyCity Entertainment Group. In general, you should focus on analyzing SkyCity Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
SkyCity Entertainment Predictive Forecast Models
SkyCity Entertainment's time-series forecasting models is one of many SkyCity Entertainment's pink sheet 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 SkyCity Entertainment's 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 pink sheet market movement and maximize returns from investment trading.
Things to note about SkyCity Entertainment
Checking the ongoing alerts about SkyCity Entertainment for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SkyCity Entertainment help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SkyCity Entertainment generated a negative expected return over the last 90 days | |
| SkyCity Entertainment has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 553.54 M. Net Loss for the year was (33.59 M) with profit before overhead, payroll, taxes, and interest of 266.94 M. | |
| About 12.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from newswire.com: RMTG Achieves Operational Profitability Expands Sales by 52 percent for Q3 Year Over Year and Reaches Gross Profit Margin of 75 percent for Q3 |
Other Information on Investing in SkyCity Pink Sheet
SkyCity Entertainment financial ratios help investors to determine whether SkyCity Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SkyCity with respect to the benefits of owning SkyCity Entertainment security.