Skyline Stock Market Value
| SKY Stock | USD 100.08 1.94 1.98% |
| Symbol | Skyline |
Skyline Company Valuation
Is Household Durables 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 Skyline. If investors know Skyline 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 Skyline 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 0.19 | Earnings Share 2.58 | Revenue Per Share 40.522 | Quarterly Revenue Growth 0.329 | Return On Assets 0.0629 |
The market value of Skyline is measured differently than its book value, which is the value of Skyline that is recorded on the company's balance sheet. Investors also form their own opinion of Skyline's value that differs from its market value or its book value, called intrinsic value, which is Skyline'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 Skyline's market value can be influenced by many factors that don't directly affect Skyline'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 Skyline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skyline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skyline'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.
Skyline '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 Skyline'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 Skyline.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Skyline on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Skyline or generate 0.0% return on investment in Skyline over 30 days. Skyline is related to or competes with MI Homes, Century Communities, Installed Building, Legacy Housing, Taylor Morn, Beazer Homes, and LGI Homes. Skyline Champion Corporation produces and sells factory-built housing in North America More
Skyline 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 Skyline'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 Skyline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.0461 | |||
| Maximum Drawdown | 11.17 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.69 |
Skyline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skyline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skyline's standard deviation. In reality, there are many statistical measures that can use Skyline historical prices to predict the future Skyline's volatility.| Risk Adjusted Performance | 0.0767 | |||
| Jensen Alpha | 0.0681 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.045 | |||
| Treynor Ratio | 0.1382 |
Skyline Backtested Returns
At this stage we consider Skyline Stock to be very steady. Skyline owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0815, which indicates the firm had a 0.0815% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Skyline, which you can use to evaluate the volatility of the company. Please validate Skyline's Semi Deviation of 1.91, coefficient of variation of 1069.03, and Risk Adjusted Performance of 0.0767 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Skyline has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 1.29, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skyline will likely underperform. Skyline right now has a risk of 1.96%. Please validate Skyline maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to decide if Skyline will be following its existing price patterns.
Auto-correlation | 0.34 |
Below average predictability
Skyline has below average predictability. Overlapping area represents the amount of predictability between Skyline time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Skyline price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Skyline price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
Skyline lagged returns against current returns
Autocorrelation, which is Skyline 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 Skyline's stock expected returns. We can calculate the autocorrelation of Skyline returns to help us make a trade decision. For example, suppose you find that Skyline 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 |
Skyline 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 Skyline stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skyline stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skyline stock over time.
Current vs Lagged Prices |
| Timeline |
Skyline Lagged Returns
When evaluating Skyline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skyline stock have on its future price. Skyline 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, Skyline autocorrelation shows the relationship between Skyline stock current value and its past values and can show if there is a momentum factor associated with investing in Skyline.
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.Additional Tools for Skyline Stock Analysis
When running Skyline's price analysis, check to measure Skyline'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 Skyline is operating at the current time. Most of Skyline's value examination focuses on studying past and present price action to predict the probability of Skyline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline's price. Additionally, you may evaluate how the addition of Skyline to your portfolios can decrease your overall portfolio volatility.