SKY Stock | | | USD 103.73 0.28 0.27% |
Skyline financial indicator trend analysis is much more than just breaking down Skyline prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skyline is a good investment. Please check the relationship between Skyline Dividend Yield and its Ptb Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Skyline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
For more information on how to buy Skyline Stock please use our
How to Invest in Skyline guide.
Dividend Yield vs Ptb Ratio
Dividend Yield vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Skyline Dividend Yield account and
Ptb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Skyline's Dividend Yield and Ptb Ratio is -0.53. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Skyline, assuming nothing else is changed. The correlation between historical values of Skyline's Dividend Yield and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Skyline are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Dividend Yield i.e., Skyline's Dividend Yield and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Dividend Yield
Dividend Yield is Skyline dividend as a percentage of Skyline stock price. Skyline dividend yield is a measure of Skyline stock productivity, which can be interpreted as interest rate earned on an Skyline investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Skyline's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skyline current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Skyline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
For more information on how to buy Skyline Stock please use our
How to Invest in Skyline guide.At this time, Skyline's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 704
K in 2024, whereas
Tax Provision is likely to drop slightly above 41.1
M in 2024.
Skyline fundamental ratios Correlations
Click cells to compare fundamentals
Skyline Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skyline fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Skyline Stock Analysis
When running Skyline's price analysis, check to
measure Skyline'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 Skyline is operating at the current time. Most of Skyline's value examination focuses on studying past and present price action to
predict the probability of Skyline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline's price. Additionally, you may evaluate how the addition of Skyline to your portfolios can decrease your overall portfolio volatility.