Skycity Entertainment (Australia) Market Value
| SKC Stock | 1.30 0.02 1.56% |
| Symbol | Skycity |
Skycity Entertainment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Skycity Entertainment's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Skycity Entertainment.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Skycity Entertainment on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Skycity Entertainment Group or generate 0.0% return on investment in Skycity Entertainment over 390 days. Skycity Entertainment is related to or competes with Nova Eye, and Vulcan Steel. Skycity Entertainment is entity of Australia More
Skycity Entertainment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Skycity Entertainment's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Skycity Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.37 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 3.2 |
Skycity Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skycity Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skycity Entertainment's standard deviation. In reality, there are many statistical measures that can use Skycity Entertainment historical prices to predict the future Skycity Entertainment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.2053 |
Skycity Entertainment Backtested Returns
Skycity Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0105, which indicates the firm had a -0.0105% return per unit of risk over the last 3 months. Skycity Entertainment Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skycity Entertainment's Risk Adjusted Performance of (0.01), coefficient of variation of (3,626), and Variance of 6.43 to confirm the risk estimate we provide. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Skycity Entertainment are expected to decrease at a much lower rate. During the bear market, Skycity Entertainment is likely to outperform the market. At this point, Skycity Entertainment has a negative expected return of -0.0263%. Please make sure to validate Skycity Entertainment's daily balance of power, day median price, and the relationship between the accumulation distribution and rate of daily change , to decide if Skycity Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Skycity Entertainment Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Skycity Entertainment time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Skycity Entertainment price movement. The serial correlation of -0.17 indicates that over 17.0% of current Skycity Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Skycity Entertainment lagged returns against current returns
Autocorrelation, which is Skycity Entertainment stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Skycity Entertainment's stock expected returns. We can calculate the autocorrelation of Skycity Entertainment returns to help us make a trade decision. For example, suppose you find that Skycity Entertainment has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Skycity Entertainment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Skycity Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skycity Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skycity Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Skycity Entertainment Lagged Returns
When evaluating Skycity Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skycity Entertainment stock have on its future price. Skycity Entertainment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Skycity Entertainment autocorrelation shows the relationship between Skycity Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Skycity Entertainment Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Skycity Stock Analysis
When running Skycity Entertainment's price analysis, check to measure Skycity Entertainment'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 Skycity Entertainment is operating at the current time. Most of Skycity Entertainment's value examination focuses on studying past and present price action to predict the probability of Skycity Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skycity Entertainment's price. Additionally, you may evaluate how the addition of Skycity Entertainment to your portfolios can decrease your overall portfolio volatility.