Skeena Resources Stock Market Value
| SKE Stock | USD 10.08 0.43 4.46% |
| Symbol | Skeena |
Skeena Resources Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skeena Resources. If investors know Skeena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skeena Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Skeena Resources is measured differently than its book value, which is the value of Skeena that is recorded on the company's balance sheet. Investors also form their own opinion of Skeena Resources' value that differs from its market value or its book value, called intrinsic value, which is Skeena Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skeena Resources' market value can be influenced by many factors that don't directly affect Skeena Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Skeena Resources '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 Skeena Resources' 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 Skeena Resources.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Skeena Resources on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Skeena Resources or generate 0.0% return on investment in Skeena Resources over 30 days. Skeena Resources is related to or competes with Materion, Compass Minerals, IperionX Limited, EMX Royalty, Nexa Resources, Fury Gold, and Vizsla Resources. Skeena Resources Limited explores and develops mineral properties in Canada More
Skeena Resources 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 Skeena Resources' 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 Skeena Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 4.08 |
Skeena Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skeena Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skeena Resources' standard deviation. In reality, there are many statistical measures that can use Skeena Resources historical prices to predict the future Skeena Resources' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.34) |
Skeena Resources Backtested Returns
At this point, Skeena Resources is somewhat reliable. Skeena Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0185, which indicates the firm had a 0.0185 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Skeena Resources, which you can use to evaluate the volatility of the company. Please validate Skeena Resources' insignificant Risk Adjusted Performance, coefficient of variation of (6,979), and Variance of 9.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0587%. Skeena Resources has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Skeena Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Skeena Resources is expected to be smaller as well. Skeena Resources right now has a risk of 3.17%. Please validate Skeena Resources skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Skeena Resources will be following its existing price patterns.
Auto-correlation | 0.36 |
Below average predictability
Skeena Resources has below average predictability. Overlapping area represents the amount of predictability between Skeena Resources time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Skeena Resources price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Skeena Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Skeena Resources lagged returns against current returns
Autocorrelation, which is Skeena Resources 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 Skeena Resources' stock expected returns. We can calculate the autocorrelation of Skeena Resources returns to help us make a trade decision. For example, suppose you find that Skeena Resources 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 |
Skeena Resources 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 Skeena Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skeena Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skeena Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Skeena Resources Lagged Returns
When evaluating Skeena Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skeena Resources stock have on its future price. Skeena Resources 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, Skeena Resources autocorrelation shows the relationship between Skeena Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Skeena Resources.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:Check out Skeena Resources Correlation, Skeena Resources Volatility and Skeena Resources Alpha and Beta module to complement your research on Skeena Resources. For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Skeena Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.