Skycity Entertainment Group Stock Market Value
| SKYZF Stock | USD 0.92 0.00 0.00% |
| Symbol | SkyCity |
SkyCity Entertainment '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 SkyCity Entertainment's pink sheet 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 SkyCity Entertainment.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in SkyCity Entertainment on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding SkyCity Entertainment Group or generate 0.0% return on investment in SkyCity Entertainment over 570 days. SkyCity Entertainment is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, conve... More
SkyCity Entertainment 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 SkyCity Entertainment's pink sheet 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 SkyCity Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 26.4 |
SkyCity Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SkyCity Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SkyCity Entertainment's standard deviation. In reality, there are many statistical measures that can use SkyCity Entertainment historical prices to predict the future SkyCity Entertainment's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 19.43 |
SkyCity Entertainment Backtested Returns
We have found sixteen technical indicators for SkyCity Entertainment Group, which you can use to evaluate the volatility of the company. Please validate SkyCity Entertainment's Risk Adjusted Performance of (0.09), coefficient of variation of (812.40), and Variance of 10.56 to confirm if the risk estimate we provide is consistent with the expected return of 0.0%. The entity has a beta of -0.0211, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SkyCity Entertainment are expected to decrease at a much lower rate. During the bear market, SkyCity Entertainment is likely to outperform the market. SkyCity Entertainment right now has a risk of 0.0%. Please validate SkyCity Entertainment market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to decide if SkyCity Entertainment will be following its existing price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
SkyCity Entertainment Group has very weak reverse predictability. Overlapping area represents the amount of predictability between SkyCity Entertainment time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 SkyCity Entertainment price movement. The serial correlation of -0.03 indicates that only 3.0% of current SkyCity Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SkyCity Entertainment lagged returns against current returns
Autocorrelation, which is SkyCity Entertainment pink sheet'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 SkyCity Entertainment's pink sheet expected returns. We can calculate the autocorrelation of SkyCity Entertainment returns to help us make a trade decision. For example, suppose you find that SkyCity Entertainment has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SkyCity Entertainment 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 SkyCity Entertainment pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SkyCity Entertainment pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SkyCity Entertainment pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SkyCity Entertainment Lagged Returns
When evaluating SkyCity Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SkyCity Entertainment pink sheet have on its future price. SkyCity Entertainment 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, SkyCity Entertainment autocorrelation shows the relationship between SkyCity Entertainment pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SkyCity Entertainment Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SkyCity Pink Sheet
SkyCity Entertainment financial ratios help investors to determine whether SkyCity Pink Sheet 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 SkyCity with respect to the benefits of owning SkyCity Entertainment security.