Sk Growth Opportunities Stock Beta
| SKGR Stock | USD 11.54 0.03 0.26% |
SK Growth Opportunities fundamentals help investors to digest information that contributes to SK Growth's financial success or failures. It also enables traders to predict the movement of SKGR Stock. The fundamental analysis module provides a way to measure SK Growth's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SK Growth stock.
SKGR |
SK Growth Opportunities Company Beta Analysis
SK Growth's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current SK Growth Beta | 0.017 |
Most of SK Growth's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SK Growth Opportunities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
SKGR Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for SK Growth is extremely important. It helps to project a fair market value of SKGR Stock properly, considering its historical fundamentals such as Beta. Since SK Growth's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of SK Growth's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of SK Growth's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, SK Growth Opportunities has a Beta of 0.017. This is 97.93% lower than that of the Capital Markets sector and significantly higher than that of the Financials industry. The beta for all United States stocks is 111.33% lower than that of the firm.
SKGR Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SK Growth's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of SK Growth could also be used in its relative valuation, which is a method of valuing SK Growth by comparing valuation metrics of similar companies.SK Growth is currently under evaluation in beta category among its peers.
SK Growth ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, SK Growth's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to SK Growth's managers, analysts, and investors.Environmental | Governance | Social |
SK Growth Institutional Holders
Institutional Holdings refers to the ownership stake in SK Growth that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SK Growth's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SK Growth's value.| Shares | Moore Capital Management, Lp | 2024-09-30 | 300 K | Exos Asset Management, Llc | 2024-06-30 | 226.6 K | Quarry Lp | 2024-09-30 | 209.1 K | Lmr Partners Llp | 2024-09-30 | 200 K | Linden Advisors Llc | 2024-09-30 | 150 K | Alpine Partners Vi, Llc | 2024-09-30 | 150 K | Virtu Financial Llc | 2024-06-30 | 148 K | Oz Management Llc | 2024-09-30 | 116.5 K | Periscope Capital Inc. | 2024-09-30 | 100 K | Rivernorth Capital Management, Llc | 2024-09-30 | 1000 K | Fort Baker Capital Management Lp | 2024-09-30 | 970 K |
As returns on the market increase, SK Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding SK Growth is expected to be smaller as well.
SKGR Fundamentals
| Return On Asset | -0.0126 | |||
| Current Valuation | 179.5 M | |||
| Shares Outstanding | 9.73 M | |||
| Shares Owned By Institutions | 100.00 % | |||
| Number Of Shares Shorted | 1.69 K | |||
| Price To Book | 1.84 X | |||
| EBITDA | 8.14 M | |||
| Net Income | 8.14 M | |||
| Cash And Equivalents | 2.27 M | |||
| Cash Per Share | 0.09 X | |||
| Total Debt | 5.62 M | |||
| Book Value Per Share | (0.90) X | |||
| Cash Flow From Operations | (731.69 K) | |||
| Short Ratio | 0.05 X | |||
| Earnings Per Share | 0.22 X | |||
| Beta | 0.017 | |||
| Market Capitalization | 172.49 M | |||
| Total Asset | 109.95 M | |||
| Retained Earnings | (13.79 M) | |||
| Working Capital | (6.56 M) | |||
| Net Asset | 109.95 M |
About SK Growth Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SK Growth Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SK Growth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SK Growth Opportunities based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with SK Growth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SK Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SK Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with SKGR Stock
| 0.69 | V | Visa Class A | PairCorr |
| 0.93 | CG | Carlyle Group | PairCorr |
| 0.89 | MA | Mastercard | PairCorr |
| 0.91 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.93 | APO | Apollo Global Management | PairCorr |
The ability to find closely correlated positions to SK Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SK Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SK Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SK Growth Opportunities to buy it.
The correlation of SK Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SK Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SK Growth Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SK Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for SKGR Stock Analysis
When running SK Growth's price analysis, check to measure SK Growth's 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 SK Growth is operating at the current time. Most of SK Growth's value examination focuses on studying past and present price action to predict the probability of SK Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SK Growth's price. Additionally, you may evaluate how the addition of SK Growth to your portfolios can decrease your overall portfolio volatility.