Skycorp Solar Group Stock Market Value
| PN Stock | 2.99 0.46 13.33% |
| Symbol | Skycorp |
Is Electrical Components & Equipment 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 Skycorp Solar. If investors know Skycorp 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 Skycorp Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Skycorp Solar Group is measured differently than its book value, which is the value of Skycorp that is recorded on the company's balance sheet. Investors also form their own opinion of Skycorp Solar's value that differs from its market value or its book value, called intrinsic value, which is Skycorp Solar'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 Skycorp Solar's market value can be influenced by many factors that don't directly affect Skycorp Solar'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 Skycorp Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skycorp Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skycorp Solar'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.
Skycorp Solar '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 Skycorp Solar'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 Skycorp Solar.
| 05/08/2025 |
| 08/06/2025 |
If you would invest 0.00 in Skycorp Solar on May 8, 2025 and sell it all today you would earn a total of 0.00 from holding Skycorp Solar Group or generate 0.0% return on investment in Skycorp Solar over 90 days. Skycorp Solar is related to or competes with RadNet, Inhibrx Biosciences,, PennantPark Floating, Acumen Pharmaceuticals, Integral, and Apogee Therapeutics,. Patriot National, Inc., together with its subsidiaries, offer technologyenabled outsourcing solutions within the workers compensation marketplace for insurance carriers, local governments, reinsurance captives, and other employers in the United States. More
Skycorp Solar 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 Skycorp Solar'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 Skycorp Solar Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.8 | |||
| Information Ratio | 0.0606 | |||
| Maximum Drawdown | 31.57 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.67 |
Skycorp Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skycorp Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skycorp Solar's standard deviation. In reality, there are many statistical measures that can use Skycorp Solar historical prices to predict the future Skycorp Solar's volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 0.4238 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.067 | |||
| Treynor Ratio | 0.7718 |
Skycorp Solar Group Backtested Returns
Skycorp Solar appears to be dangerous, given 3 months investment horizon. Skycorp Solar Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.077, which indicates the firm had a 0.077 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Skycorp Solar Group, which you can use to evaluate the volatility of the company. Please review Skycorp Solar's Semi Deviation of 5.36, risk adjusted performance of 0.0693, and Coefficient Of Variation of 1299.33 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Skycorp Solar holds a performance score of 6. The entity has a beta of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skycorp Solar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skycorp Solar is expected to be smaller as well. Please check Skycorp Solar's semi variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Skycorp Solar's existing price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Skycorp Solar Group has very weak predictability. Overlapping area represents the amount of predictability between Skycorp Solar time series from 8th of May 2025 to 22nd of June 2025 and 22nd of June 2025 to 6th of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Skycorp Solar Group price movement. The serial correlation of 0.16 indicates that over 16.0% of current Skycorp Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Skycorp Solar Group lagged returns against current returns
Autocorrelation, which is Skycorp Solar 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 Skycorp Solar's stock expected returns. We can calculate the autocorrelation of Skycorp Solar returns to help us make a trade decision. For example, suppose you find that Skycorp Solar 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 |
Skycorp Solar 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 Skycorp Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skycorp Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skycorp Solar stock over time.
Current vs Lagged Prices |
| Timeline |
Skycorp Solar Lagged Returns
When evaluating Skycorp Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skycorp Solar stock have on its future price. Skycorp Solar 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, Skycorp Solar autocorrelation shows the relationship between Skycorp Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Skycorp Solar Group.
Regressed Prices |
| Timeline |
Pair Trading with Skycorp Solar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Skycorp Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Skycorp Solar will appreciate offsetting losses from the drop in the long position's value.Moving against Skycorp Stock
| 0.63 | WAB | Westinghouse Air Brake | PairCorr |
| 0.54 | CP | Canadian Pacific Railway | PairCorr |
| 0.34 | HON | Honeywell International | PairCorr |
| 0.34 | AL | Air Lease | PairCorr |
The ability to find closely correlated positions to Skycorp Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skycorp Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Skycorp Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Skycorp Solar Group to buy it.
The correlation of Skycorp Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skycorp Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skycorp Solar Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Skycorp Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Skycorp Solar Correlation, Skycorp Solar Volatility and Skycorp Solar Alpha and Beta module to complement your research on Skycorp Solar. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Skycorp Solar 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.