Skyworth Group Limited Stock Market Value
| SWDHF Stock | USD 0.40 0.00 0.00% |
| Symbol | Skyworth |
Skyworth Group '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 Skyworth Group'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 Skyworth Group.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Skyworth Group on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Skyworth Group Limited or generate 0.0% return on investment in Skyworth Group over 720 days. Skyworth Group is related to or competes with Sony Group, Wearable Devices, Sonos, GoPro, and Vuzix Corp. Skyworth Group Limited, an investment holding company, researches and develops, manufactures, sells, and exports consume... More
Skyworth Group 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 Skyworth Group'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 Skyworth Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0823 | |||
| Maximum Drawdown | 25.0 |
Skyworth Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skyworth Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skyworth Group's standard deviation. In reality, there are many statistical measures that can use Skyworth Group historical prices to predict the future Skyworth Group's volatility.| Risk Adjusted Performance | 0.1018 | |||
| Jensen Alpha | 0.3536 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 2.79 |
Skyworth Group Backtested Returns
Skyworth Group appears to be out of control, given 3 months investment horizon. Skyworth Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Skyworth Group Limited, which you can use to evaluate the volatility of the company. Please review Skyworth Group's Variance of 9.47, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.1018 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Skyworth Group holds a performance score of 9. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Skyworth Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skyworth Group is expected to be smaller as well. Please check Skyworth Group's variance, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Skyworth Group's existing price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Skyworth Group Limited has good reverse predictability. Overlapping area represents the amount of predictability between Skyworth Group time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Skyworth Group price movement. The serial correlation of -0.55 indicates that about 55.0% of current Skyworth Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Skyworth Group lagged returns against current returns
Autocorrelation, which is Skyworth Group 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 Skyworth Group's pink sheet expected returns. We can calculate the autocorrelation of Skyworth Group returns to help us make a trade decision. For example, suppose you find that Skyworth Group 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 |
Skyworth Group 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 Skyworth Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skyworth Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skyworth Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Skyworth Group Lagged Returns
When evaluating Skyworth Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skyworth Group pink sheet have on its future price. Skyworth Group 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, Skyworth Group autocorrelation shows the relationship between Skyworth Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Skyworth Group Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Skyworth Pink Sheet
Skyworth Group financial ratios help investors to determine whether Skyworth 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 Skyworth with respect to the benefits of owning Skyworth Group security.