Skeena Resources Stock Beta

SKE Stock  USD 9.34  0.34  3.78%   
Skeena Resources fundamentals help investors to digest information that contributes to Skeena Resources' financial success or failures. It also enables traders to predict the movement of Skeena Stock. The fundamental analysis module provides a way to measure Skeena Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Skeena Resources stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Skeena Resources Company Beta Analysis

Skeena Resources' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Skeena Resources Beta

    
  1.68  
Most of Skeena Resources' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Skeena Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Skeena Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Skeena Resources is extremely important. It helps to project a fair market value of Skeena Stock properly, considering its historical fundamentals such as Beta. Since Skeena Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Skeena Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Skeena Resources' interrelated accounts and indicators.
0.99-0.99-0.960.970.780.840.940.960.28-0.440.98-0.770.990.990.990.98-0.090.91-0.78-0.65
0.99-0.95-0.930.950.830.840.870.90.28-0.560.95-0.770.970.980.980.960.00.92-0.75-0.54
-0.99-0.950.97-0.98-0.72-0.8-0.97-0.98-0.30.35-0.980.76-0.97-0.98-0.98-0.980.14-0.90.780.7
-0.96-0.930.97-0.91-0.73-0.9-0.96-0.97-0.210.24-1.00.75-0.96-0.96-0.96-0.970.3-0.920.870.73
0.970.95-0.98-0.910.660.730.930.950.36-0.450.93-0.750.960.960.960.95-0.090.85-0.64-0.66
0.780.83-0.72-0.730.660.680.60.660.03-0.610.75-0.840.70.730.730.80.190.76-0.7-0.22
0.840.84-0.8-0.90.730.680.770.80.09-0.240.9-0.580.860.850.850.85-0.410.88-0.89-0.55
0.940.87-0.97-0.960.930.60.771.00.26-0.140.96-0.720.930.930.930.94-0.280.82-0.76-0.84
0.960.9-0.98-0.970.950.660.81.00.26-0.20.98-0.730.950.950.950.96-0.240.86-0.8-0.81
0.280.28-0.3-0.210.360.030.090.260.26-0.330.22-0.080.290.290.290.220.070.25-0.03-0.15
-0.44-0.560.350.24-0.45-0.61-0.24-0.14-0.2-0.33-0.290.49-0.38-0.4-0.4-0.4-0.49-0.410.04-0.29
0.980.95-0.98-1.00.930.750.90.960.980.22-0.29-0.750.970.980.980.98-0.250.91-0.85-0.72
-0.77-0.770.760.75-0.75-0.84-0.58-0.72-0.73-0.080.49-0.75-0.68-0.69-0.69-0.80.08-0.680.520.4
0.990.97-0.97-0.960.960.70.860.930.950.29-0.380.97-0.681.01.00.96-0.130.91-0.79-0.68
0.990.98-0.98-0.960.960.730.850.930.950.29-0.40.98-0.691.01.00.97-0.090.92-0.79-0.67
0.990.98-0.98-0.960.960.730.850.930.950.29-0.40.98-0.691.01.00.97-0.090.92-0.79-0.67
0.980.96-0.98-0.970.950.80.850.940.960.22-0.40.98-0.80.960.970.97-0.130.92-0.82-0.65
-0.090.00.140.3-0.090.19-0.41-0.28-0.240.07-0.49-0.250.08-0.13-0.09-0.09-0.13-0.140.250.46
0.910.92-0.9-0.920.850.760.880.820.860.25-0.410.91-0.680.910.920.920.92-0.14-0.86-0.44
-0.78-0.750.780.87-0.64-0.7-0.89-0.76-0.8-0.030.04-0.850.52-0.79-0.79-0.79-0.820.25-0.860.55
-0.65-0.540.70.73-0.66-0.22-0.55-0.84-0.81-0.15-0.29-0.720.4-0.68-0.67-0.67-0.650.46-0.440.55
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Skeena Resources has a Beta of 1.683. This is 93.45% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.

Skeena Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skeena Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skeena Resources could also be used in its relative valuation, which is a method of valuing Skeena Resources by comparing valuation metrics of similar companies.
Skeena Resources is currently under evaluation in beta category among its peers.

Skeena Resources Current Valuation Drivers

We derive many important indicators used in calculating different scores of Skeena Resources from analyzing Skeena Resources' financial statements. These drivers represent accounts that assess Skeena Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Skeena Resources' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap73.4M581.4M787.8M507.2M544.1M571.3M
Enterprise Value61.7M546.2M748.8M470.2M485.3M509.6M

Skeena Resources ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Skeena Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Skeena Resources' managers, analysts, and investors.
Environmental
Governance
Social

Skeena Resources Institutional Holders

Institutional Holdings refers to the ownership stake in Skeena Resources that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Skeena Resources' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Skeena Resources' value.
Shares
Td Asset Management Inc2024-09-30
916.1 K
Sprott Inc.2024-06-30
750.1 K
Allspring Global Investments Holdings, Llc2024-06-30
500 K
Deutsche Bank Ag2024-06-30
451.1 K
Connor Clark & Lunn Inv Mgmt Ltd2024-06-30
356.4 K
Federation Des Caisses Desjardins Du Quebec2024-06-30
320.3 K
Bank Of Montreal2024-06-30
313.2 K
Bmo Capital Markets Corp.2024-06-30
313.2 K
Pcj Investment Counsel Ltd2024-06-30
303.2 K
Orion Resource Partners Lp2024-06-30
15.4 M
Van Eck Associates Corporation2024-06-30
4.3 M
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skeena Resources will likely underperform.

Skeena Fundamentals

About Skeena Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Skeena Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skeena Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skeena Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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.
When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:
Check out Skeena Resources Piotroski F Score and Skeena Resources Altman Z Score analysis.
For information on how to trade Skeena Stock refer to our How to Trade Skeena Stock guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Diversified Metals & Mining 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 Skeena Resources. If investors know Skeena 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 Skeena Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.36)
Return On Assets
(0.38)
Return On Equity
(0.78)
The market value of Skeena Resources is measured differently than its book value, which is the value of Skeena that is recorded on the company's balance sheet. Investors also form their own opinion of Skeena Resources' value that differs from its market value or its book value, called intrinsic value, which is Skeena Resources' 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 Skeena Resources' market value can be influenced by many factors that don't directly affect Skeena Resources' 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 Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' 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.