Sk3 Group Stock Market Value
Sk3's market value is the price at which a share of Sk3 trades on a public exchange. It measures the collective expectations of Sk3 Group investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Sk3 Group and determine expected loss or profit from investing in Sk3 over a given investment horizon. Check out Sk3 Correlation, Sk3 Volatility and Sk3 Alpha and Beta module to complement your research on Sk3.
| Symbol | Sk3 |
Sk3 Group Price To Book Ratio
Is Drug Manufacturers - Specialty & Generic 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 Sk3. If investors know Sk3 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 Sk3 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 Sk3 Group is measured differently than its book value, which is the value of Sk3 that is recorded on the company's balance sheet. Investors also form their own opinion of Sk3's value that differs from its market value or its book value, called intrinsic value, which is Sk3'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 Sk3's market value can be influenced by many factors that don't directly affect Sk3'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 Sk3's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sk3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sk3'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.
Sk3 '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 Sk3'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 Sk3.
| 04/29/2025 |
| 07/28/2025 |
If you would invest 0.00 in Sk3 on April 29, 2025 and sell it all today you would earn a total of 0.00 from holding Sk3 Group or generate 0.0% return on investment in Sk3 over 90 days. SK3 Group, Inc. provides management advisory, licensing, and marketing services for medical marijuana collectives in Cal... More
Sk3 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 Sk3'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 Sk3 Group upside and downside potential and time the market with a certain degree of confidence.
Sk3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sk3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sk3's standard deviation. In reality, there are many statistical measures that can use Sk3 historical prices to predict the future Sk3's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sk3's 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.
Sk3 Group Backtested Returns
We have found zero technical indicators for Sk3, which you can use to evaluate the volatility of the company. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sk3 are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Sk3 Group has no correlation between past and present. Overlapping area represents the amount of predictability between Sk3 time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th of July 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 Sk3 Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sk3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sk3 Group lagged returns against current returns
Autocorrelation, which is Sk3 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 Sk3's stock expected returns. We can calculate the autocorrelation of Sk3 returns to help us make a trade decision. For example, suppose you find that Sk3 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 |
Sk3 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 Sk3 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sk3 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sk3 stock over time.
Current vs Lagged Prices |
| Timeline |
Sk3 Lagged Returns
When evaluating Sk3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sk3 stock have on its future price. Sk3 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, Sk3 autocorrelation shows the relationship between Sk3 stock current value and its past values and can show if there is a momentum factor associated with investing in Sk3 Group.
Regressed Prices |
| Timeline |
Pair Trading with Sk3
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 Sk3 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 Sk3 will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sk3 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sk3 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 Sk3 - 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 Sk3 Group to buy it.
The correlation of Sk3 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 Sk3 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sk3 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 Sk3 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 Sk3 Correlation, Sk3 Volatility and Sk3 Alpha and Beta module to complement your research on Sk3. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Sk3 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.