Sk Growth Opportunities Stock Market Value
| SKGR Stock | USD 11.57 0.05 0.43% |
| Symbol | SKGR |
SK Growth Opportunities Price To Book Ratio
Is Asset Management & Custody Banks 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 SK Growth. If investors know SKGR 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 SK Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Earnings Share 0.22 | Return On Assets (0.01) |
The market value of SK Growth Opportunities is measured differently than its book value, which is the value of SKGR that is recorded on the company's balance sheet. Investors also form their own opinion of SK Growth's value that differs from its market value or its book value, called intrinsic value, which is SK Growth's 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 SK Growth's market value can be influenced by many factors that don't directly affect SK Growth's 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 SK Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if SK Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SK Growth's 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.
SK Growth '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 SK Growth'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 SK Growth.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in SK Growth on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding SK Growth Opportunities or generate 0.0% return on investment in SK Growth over 30 days. SK Growth is related to or competes with Four Leaf, WinVest Acquisition, Thunder Bridge, Pearl Holdings, and Alpha One. SK Growth Opportunities Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, re... More
SK Growth 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 SK Growth'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 SK Growth Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2046 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.05 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.434 |
SK Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SK Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SK Growth's standard deviation. In reality, there are many statistical measures that can use SK Growth historical prices to predict the future SK Growth's volatility.| Risk Adjusted Performance | 0.1597 | |||
| Jensen Alpha | 0.0422 | |||
| Total Risk Alpha | 0.0052 | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | (0.66) |
SK Growth Opportunities Backtested Returns
Currently, SK Growth Opportunities is very steady. SK Growth Opportunities retains Efficiency (Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for SK Growth, which you can use to evaluate the volatility of the company. Please validate SK Growth's Coefficient Of Variation of 398.09, mean deviation of 0.1224, and Risk Adjusted Performance of 0.1597 to confirm if the risk estimate we provide is consistent with the expected return of 0.0398%. SK Growth has a performance score of 17 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.0536, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SK Growth are expected to decrease at a much lower rate. During the bear market, SK Growth is likely to outperform the market. SK Growth Opportunities today owns a risk of 0.18%. Please validate SK Growth Opportunities standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if SK Growth Opportunities will be following its current price history.
Auto-correlation | 0.48 |
Average predictability
SK Growth Opportunities has average predictability. Overlapping area represents the amount of predictability between SK Growth time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 SK Growth Opportunities price movement. The serial correlation of 0.48 indicates that about 48.0% of current SK Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SK Growth Opportunities lagged returns against current returns
Autocorrelation, which is SK Growth 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 SK Growth's stock expected returns. We can calculate the autocorrelation of SK Growth returns to help us make a trade decision. For example, suppose you find that SK Growth 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 |
SK Growth 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 SK Growth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SK Growth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SK Growth stock over time.
Current vs Lagged Prices |
| Timeline |
SK Growth Lagged Returns
When evaluating SK Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SK Growth stock have on its future price. SK Growth 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, SK Growth autocorrelation shows the relationship between SK Growth stock current value and its past values and can show if there is a momentum factor associated with investing in SK Growth Opportunities.
Regressed Prices |
| Timeline |
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.