Skkynet Cloud Systems Stock Market Value
| SKKY Stock | USD 1.00 0.20 25.00% |
| Symbol | Skkynet |
Skkynet Cloud '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 Skkynet Cloud's otc 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 Skkynet Cloud.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Skkynet Cloud on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Skkynet Cloud Systems or generate 0.0% return on investment in Skkynet Cloud over 540 days. Skkynet Cloud is related to or competes with BCE, Advanced Info, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Skkynet Cloud Systems, Inc., an industrial middleware vendor, provides connectivity and data acquisition solutions to va... More
Skkynet Cloud 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 Skkynet Cloud's otc 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 Skkynet Cloud Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.89 | |||
| Information Ratio | 0.1202 | |||
| Maximum Drawdown | 101.26 | |||
| Value At Risk | (21.15) | |||
| Potential Upside | 28.21 |
Skkynet Cloud Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skkynet Cloud's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skkynet Cloud's standard deviation. In reality, there are many statistical measures that can use Skkynet Cloud historical prices to predict the future Skkynet Cloud's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 1.9 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.1144 | |||
| Treynor Ratio | (2.50) |
Skkynet Cloud Systems Backtested Returns
Skkynet Cloud is out of control given 3 months investment horizon. Skkynet Cloud Systems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We were able to collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.95% are justified by taking the suggested risk. Use Skkynet Cloud Systems Risk Adjusted Performance of 0.1083, semi deviation of 7.17, and Coefficient Of Variation of 775.2 to evaluate company specific risk that cannot be diversified away. Skkynet Cloud holds a performance score of 10 on a scale of zero to a hundred. The entity has a beta of -0.73, which indicates possible diversification benefits within a given portfolio. 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. Use Skkynet Cloud Systems value at risk, as well as the relationship between the kurtosis and market facilitation index , to analyze future returns on Skkynet Cloud Systems.
Auto-correlation | 0.52 |
Modest predictability
Skkynet Cloud Systems has modest predictability. Overlapping area represents the amount of predictability between Skkynet Cloud time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Skkynet Cloud Systems price movement. The serial correlation of 0.52 indicates that about 52.0% of current Skkynet Cloud price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Skkynet Cloud Systems lagged returns against current returns
Autocorrelation, which is Skkynet Cloud otc 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 Skkynet Cloud's otc stock expected returns. We can calculate the autocorrelation of Skkynet Cloud returns to help us make a trade decision. For example, suppose you find that Skkynet Cloud has exhibited high autocorrelation historically, and you observe that the otc 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 |
Skkynet Cloud 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 Skkynet Cloud otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skkynet Cloud otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skkynet Cloud otc stock over time.
Current vs Lagged Prices |
| Timeline |
Skkynet Cloud Lagged Returns
When evaluating Skkynet Cloud's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skkynet Cloud otc stock have on its future price. Skkynet Cloud 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, Skkynet Cloud autocorrelation shows the relationship between Skkynet Cloud otc stock current value and its past values and can show if there is a momentum factor associated with investing in Skkynet Cloud Systems.
Regressed Prices |
| Timeline |
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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 Skkynet OTC Stock Analysis
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.