Skillz Platform Stock Market Value
| SKLZ Stock | USD 5.65 0.18 3.29% |
| Symbol | Skillz |
Skillz Platform Price To Book Ratio
Is Interactive Home Entertainment 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 Skillz Platform. If investors know Skillz 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 Skillz Platform 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 30.538 | Earnings Share (2.02) | Revenue Per Share 5.754 | Quarterly Revenue Growth (0.33) | Return On Assets (0.13) |
The market value of Skillz Platform is measured differently than its book value, which is the value of Skillz that is recorded on the company's balance sheet. Investors also form their own opinion of Skillz Platform's value that differs from its market value or its book value, called intrinsic value, which is Skillz Platform'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 Skillz Platform's market value can be influenced by many factors that don't directly affect Skillz Platform'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 Skillz Platform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillz Platform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillz Platform'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.
Skillz Platform '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 Skillz Platform'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 Skillz Platform.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Skillz Platform on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Skillz Platform or generate 0.0% return on investment in Skillz Platform over 30 days. Skillz Platform is related to or competes with Bilibili, Take Two, NetEase, Roblox Corp, Electronic Arts, Nintendo, and Nintendo. Skillz Inc. operates a mobile games platform that connects players in fair, fun, and meaningful competition More
Skillz Platform 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 Skillz Platform'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 Skillz Platform upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 15.25 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 4.96 |
Skillz Platform Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skillz Platform's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skillz Platform's standard deviation. In reality, there are many statistical measures that can use Skillz Platform historical prices to predict the future Skillz Platform's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.18) |
Skillz Platform Backtested Returns
Skillz Platform owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0209, which indicates the firm had a -0.0209% return per unit of risk over the last 3 months. Skillz Platform exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skillz Platform's Variance of 8.01, coefficient of variation of (1,985), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. Skillz Platform returns are very sensitive to returns on the market. As the market goes up or down, Skillz Platform is expected to follow. At this point, Skillz Platform has a negative expected return of -0.0604%. Please make sure to validate Skillz Platform's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Skillz Platform performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Skillz Platform has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Skillz Platform time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Skillz Platform price movement. The serial correlation of -0.77 indicates that around 77.0% of current Skillz Platform price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Skillz Platform lagged returns against current returns
Autocorrelation, which is Skillz Platform 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 Skillz Platform's stock expected returns. We can calculate the autocorrelation of Skillz Platform returns to help us make a trade decision. For example, suppose you find that Skillz Platform 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 |
Skillz Platform 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 Skillz Platform stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skillz Platform stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skillz Platform stock over time.
Current vs Lagged Prices |
| Timeline |
Skillz Platform Lagged Returns
When evaluating Skillz Platform's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skillz Platform stock have on its future price. Skillz Platform 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, Skillz Platform autocorrelation shows the relationship between Skillz Platform stock current value and its past values and can show if there is a momentum factor associated with investing in Skillz Platform.
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 Skillz Stock Analysis
When running Skillz Platform's price analysis, check to measure Skillz Platform'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 Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.