Skyx Platforms Corp Stock Market Value
| SKYX Stock | USD 0.98 0.01 0.64% |
| Symbol | SKYX |
SKYX Platforms Corp Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 SKYX Platforms. If investors know SKYX 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 SKYX Platforms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.39) | Revenue Per Share 0.854 | Quarterly Revenue Growth 0.026 | Return On Assets (0.30) | Return On Equity (3.65) |
The market value of SKYX Platforms Corp is measured differently than its book value, which is the value of SKYX that is recorded on the company's balance sheet. Investors also form their own opinion of SKYX Platforms' value that differs from its market value or its book value, called intrinsic value, which is SKYX Platforms' 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 SKYX Platforms' market value can be influenced by many factors that don't directly affect SKYX Platforms' 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 SKYX Platforms' value and its price as these two are different measures arrived at by different means. Investors typically determine if SKYX Platforms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SKYX Platforms' 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.
SKYX Platforms '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 SKYX Platforms' 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 SKYX Platforms.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in SKYX Platforms on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SKYX Platforms Corp or generate 0.0% return on investment in SKYX Platforms over 30 days. SKYX Platforms is related to or competes with Espey Mfg, NeoVolta Warrant, Kimball Electronics, Hayward Holdings, Ads Tec, Energizer Holdings, and NeoVolta Common. SKYX Platforms Corp. provides a series of safe-smart platform technologies More
SKYX Platforms 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 SKYX Platforms' 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 SKYX Platforms Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.0039 | |||
| Maximum Drawdown | 30.28 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 13.58 |
SKYX Platforms Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKYX Platforms' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKYX Platforms' standard deviation. In reality, there are many statistical measures that can use SKYX Platforms historical prices to predict the future SKYX Platforms' volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.1189 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SKYX Platforms' 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.
SKYX Platforms Corp Backtested Returns
SKYX Platforms appears to be dangerous, given 3 months investment horizon. SKYX Platforms Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0436, which indicates the firm had a 0.0436% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for SKYX Platforms Corp, which you can use to evaluate the volatility of the company. Please review SKYX Platforms' Semi Deviation of 3.66, coefficient of variation of 5025.45, and Risk Adjusted Performance of 0.0237 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SKYX Platforms holds a performance score of 3. The entity has a beta of 0.91, which indicates possible diversification benefits within a given portfolio. SKYX Platforms returns are very sensitive to returns on the market. As the market goes up or down, SKYX Platforms is expected to follow. Please check SKYX Platforms' downside variance and the relationship between the skewness and day typical price , to make a quick decision on whether SKYX Platforms' existing price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
SKYX Platforms Corp has virtually no predictability. Overlapping area represents the amount of predictability between SKYX Platforms 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 SKYX Platforms Corp price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current SKYX Platforms price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
SKYX Platforms Corp lagged returns against current returns
Autocorrelation, which is SKYX Platforms 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 SKYX Platforms' stock expected returns. We can calculate the autocorrelation of SKYX Platforms returns to help us make a trade decision. For example, suppose you find that SKYX Platforms 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 |
SKYX Platforms 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 SKYX Platforms stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKYX Platforms stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKYX Platforms stock over time.
Current vs Lagged Prices |
| Timeline |
SKYX Platforms Lagged Returns
When evaluating SKYX Platforms' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKYX Platforms stock have on its future price. SKYX Platforms 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, SKYX Platforms autocorrelation shows the relationship between SKYX Platforms stock current value and its past values and can show if there is a momentum factor associated with investing in SKYX Platforms Corp.
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 SKYX Stock Analysis
When running SKYX Platforms' price analysis, check to measure SKYX Platforms' 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 SKYX Platforms is operating at the current time. Most of SKYX Platforms' value examination focuses on studying past and present price action to predict the probability of SKYX Platforms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKYX Platforms' price. Additionally, you may evaluate how the addition of SKYX Platforms to your portfolios can decrease your overall portfolio volatility.