Sky Gold's market value is the price at which a share of Sky Gold trades on a public exchange. It measures the collective expectations of Sky Gold Limited investors about its performance. Sky Gold is trading at 390.30 as of the 6th of January 2025, a 0.01 percent increase since the beginning of the trading day. The stock's lowest day price was 388.1. With this module, you can estimate the performance of a buy and hold strategy of Sky Gold Limited and determine expected loss or profit from investing in Sky Gold over a given investment horizon. Check out Sky Gold Correlation, Sky Gold Volatility and Sky Gold Alpha and Beta module to complement your research on Sky Gold.
Please note, there is a significant difference between Sky Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sky Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sky Gold'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.
Sky Gold '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 Sky Gold'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 Sky Gold.
0.00
12/07/2024
No Change 0.00
0.0
In 30 days
01/06/2025
0.00
If you would invest 0.00 in Sky Gold on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Sky Gold Limited or generate 0.0% return on investment in Sky Gold over 30 days. Sky Gold is related to or competes with Kingfa Science, Agro Phos, Rico Auto, GACM Technologies, Exide Industries, COSMO FIRST, and Delta Manufacturing. Sky Gold is entity of India. It is traded as Stock on NSE exchange. More
Sky Gold 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 Sky Gold'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 Sky Gold Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sky Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sky Gold's standard deviation. In reality, there are many statistical measures that can use Sky Gold historical prices to predict the future Sky Gold's volatility.
Sky Gold is out of control given 3 months investment horizon. Sky Gold Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 13.55% are justified by taking the suggested risk. Use Sky Gold Limited Coefficient Of Variation of 869.63, semi deviation of 11.08, and Risk Adjusted Performance of 0.1032 to evaluate company specific risk that cannot be diversified away. Sky Gold holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 3.85, 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, Sky Gold will likely underperform. Use Sky Gold Limited expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to analyze future returns on Sky Gold Limited.
Auto-correlation
-0.55
Good reverse predictability
Sky Gold Limited has good reverse predictability. Overlapping area represents the amount of predictability between Sky Gold time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Sky Gold Limited price movement. The serial correlation of -0.55 indicates that about 55.0% of current Sky Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.55
Spearman Rank Test
-0.35
Residual Average
0.0
Price Variance
141.67
Sky Gold Limited lagged returns against current returns
Autocorrelation, which is Sky Gold 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 Sky Gold's stock expected returns. We can calculate the autocorrelation of Sky Gold returns to help us make a trade decision. For example, suppose you find that Sky Gold 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
Sky Gold 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 Sky Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sky Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sky Gold stock over time.
Current vs Lagged Prices
Timeline
Sky Gold Lagged Returns
When evaluating Sky Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sky Gold stock have on its future price. Sky Gold 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, Sky Gold autocorrelation shows the relationship between Sky Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Sky Gold Limited.
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.
Sky Gold financial ratios help investors to determine whether Sky Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sky with respect to the benefits of owning Sky Gold security.