Sky Harbour Group Stock Market Value
| SKYH Stock | USD 11.24 0.16 1.44% |
| Symbol | Sky |
Sky Harbour Group Price To Book Ratio
Is Independent Power and Renewable Electricity Producers 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 Sky Harbour. If investors know Sky 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 Sky Harbour listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.90) | Revenue Per Share 0.523 | Quarterly Revenue Growth 0.637 | Return On Assets (0.03) | Return On Equity (0.54) |
The market value of Sky Harbour Group is measured differently than its book value, which is the value of Sky that is recorded on the company's balance sheet. Investors also form their own opinion of Sky Harbour's value that differs from its market value or its book value, called intrinsic value, which is Sky Harbour'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 Sky Harbour's market value can be influenced by many factors that don't directly affect Sky Harbour'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 Sky Harbour's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sky Harbour is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sky Harbour'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 Harbour '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 Harbour'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 Harbour.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sky Harbour on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sky Harbour Group or generate 0.0% return on investment in Sky Harbour over 30 days. Sky Harbour is related to or competes with Ducommun Incorporated, Innovative Solutions, National Presto, Astronics, Hexcel, Park Electrochemical, and Cadre Holdings. Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States More
Sky Harbour 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 Harbour'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 Harbour Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.18 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 3.97 |
Sky Harbour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sky Harbour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sky Harbour's standard deviation. In reality, there are many statistical measures that can use Sky Harbour historical prices to predict the future Sky Harbour's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sky Harbour's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sky Harbour Group Backtested Returns
Sky Harbour Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0127, which indicates the firm had a -0.0127% return per unit of risk over the last 3 months. Sky Harbour Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sky Harbour's Variance of 10.66, coefficient of variation of (8,111), and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. Sky Harbour returns are very sensitive to returns on the market. As the market goes up or down, Sky Harbour is expected to follow. At this point, Sky Harbour Group has a negative expected return of -0.0401%. Please make sure to validate Sky Harbour's skewness, day median price, as well as the relationship between the Day Median Price and relative strength index , to decide if Sky Harbour Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Sky Harbour Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sky Harbour time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Sky Harbour Group price movement. The serial correlation of -0.18 indicates that over 18.0% of current Sky Harbour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Sky Harbour Group lagged returns against current returns
Autocorrelation, which is Sky Harbour 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 Harbour's stock expected returns. We can calculate the autocorrelation of Sky Harbour returns to help us make a trade decision. For example, suppose you find that Sky Harbour 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 Harbour 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 Harbour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sky Harbour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sky Harbour stock over time.
Current vs Lagged Prices |
| Timeline |
Sky Harbour Lagged Returns
When evaluating Sky Harbour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sky Harbour stock have on its future price. Sky Harbour 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 Harbour autocorrelation shows the relationship between Sky Harbour stock current value and its past values and can show if there is a momentum factor associated with investing in Sky Harbour Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Sky Harbour Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sky Harbour's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sky Harbour Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sky Harbour Group Stock:Check out Sky Harbour Correlation, Sky Harbour Volatility and Sky Harbour Alpha and Beta module to complement your research on Sky Harbour. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Sky Harbour technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.