Skkynet Cloud Systems Stock Beta
| SKKY Stock | USD 0.89 0.04 4.71% |
Skkynet Cloud Systems fundamentals help investors to digest information that contributes to Skkynet Cloud's financial success or failures. It also enables traders to predict the movement of Skkynet OTC Stock. The fundamental analysis module provides a way to measure Skkynet Cloud'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 Skkynet Cloud otc stock.
Skkynet |
Skkynet Cloud Systems OTC Stock Beta Analysis
Skkynet Cloud'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 Skkynet Cloud Beta | -0.45 |
Most of Skkynet Cloud'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, Skkynet Cloud Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
In accordance with the recently published financial statements, Skkynet Cloud Systems has a Beta of -0.454. This is 142.83% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The beta for all United States stocks is notably higher than that of the company.
Skkynet Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skkynet Cloud's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Skkynet Cloud could also be used in its relative valuation, which is a method of valuing Skkynet Cloud by comparing valuation metrics of similar companies.Skkynet Cloud is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Skkynet Cloud are expected to decrease at a much lower rate. During the bear market, Skkynet Cloud is likely to outperform the market.
Skkynet Fundamentals
| Return On Equity | 0.0583 | |||
| Return On Asset | -0.0336 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 9.98 M | |||
| Shares Outstanding | 53.14 M | |||
| Shares Owned By Insiders | 70.36 % | |||
| Price To Earning | (23.53) X | |||
| Price To Book | 21.21 X | |||
| Price To Sales | 5.33 X | |||
| Revenue | 2.16 M | |||
| Gross Profit | 1.42 M | |||
| EBITDA | (57.88 K) | |||
| Net Income | 32.76 K | |||
| Cash And Equivalents | 672.3 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 19.11 K | |||
| Debt To Equity | 0.06 % | |||
| Current Ratio | 2.26 X | |||
| Book Value Per Share | 0.01 X | |||
| Cash Flow From Operations | (36.02 K) | |||
| Number Of Employees | 12 | |||
| Beta | -0.45 | |||
| Market Capitalization | 10.69 M | |||
| Total Asset | 1.14 M | |||
| Retained Earnings | (4.11 M) | |||
| Working Capital | 454.14 K | |||
| Current Asset | 649.56 K | |||
| Current Liabilities | 195.42 K | |||
| Net Asset | 1.14 M |
About Skkynet Cloud Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skkynet Cloud Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skkynet Cloud using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skkynet Cloud Systems based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.
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When running Skkynet Cloud's price analysis, check to measure Skkynet Cloud'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 Skkynet Cloud is operating at the current time. Most of Skkynet Cloud's value examination focuses on studying past and present price action to predict the probability of Skkynet Cloud's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skkynet Cloud's price. Additionally, you may evaluate how the addition of Skkynet Cloud to your portfolios can decrease your overall portfolio volatility.