Skyward Specialty Insurance Stock Market Value
| SKWD Stock | 54.16 0.19 0.35% |
| Symbol | Skyward |
Skyward Specialty Price To Book Ratio
Is Property & Casualty Insurance 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 Skyward Specialty. If investors know Skyward 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 Skyward Specialty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.561 | Earnings Share 3.27 | Revenue Per Share 27.694 | Quarterly Revenue Growth 0.258 | Return On Assets 0.0353 |
The market value of Skyward Specialty is measured differently than its book value, which is the value of Skyward that is recorded on the company's balance sheet. Investors also form their own opinion of Skyward Specialty's value that differs from its market value or its book value, called intrinsic value, which is Skyward Specialty'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 Skyward Specialty's market value can be influenced by many factors that don't directly affect Skyward Specialty'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 Skyward Specialty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skyward Specialty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skyward Specialty'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.
Skyward Specialty '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 Skyward Specialty'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 Skyward Specialty.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Skyward Specialty on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Skyward Specialty Insurance or generate 0.0% return on investment in Skyward Specialty over 360 days. Skyward Specialty is related to or competes with Horace Mann, Kemper, RLI Corp, Global Indemnity, Argo Group, NI Holdings, and Donegal Group. Skyward Specialty is entity of United States More
Skyward Specialty 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 Skyward Specialty'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 Skyward Specialty Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.1662 | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.41 |
Skyward Specialty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skyward Specialty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skyward Specialty's standard deviation. In reality, there are many statistical measures that can use Skyward Specialty historical prices to predict the future Skyward Specialty's volatility.| Risk Adjusted Performance | 0.1806 | |||
| Jensen Alpha | 0.2991 | |||
| Total Risk Alpha | 0.1477 | |||
| Sortino Ratio | 0.1595 | |||
| Treynor Ratio | 0.3443 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skyward Specialty'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.
Skyward Specialty Backtested Returns
Skyward Specialty appears to be very steady, given 3 months investment horizon. Skyward Specialty owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Skyward Specialty Insurance, which you can use to evaluate the volatility of the company. Please review Skyward Specialty's Risk Adjusted Performance of 0.1806, coefficient of variation of 438.17, and Semi Deviation of 1.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Skyward Specialty holds a performance score of 19. The entity has a beta of 1.3, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skyward Specialty will likely underperform. Please check Skyward Specialty's expected short fall, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether Skyward Specialty's existing price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Skyward Specialty Insurance has modest predictability. Overlapping area represents the amount of predictability between Skyward Specialty time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Skyward Specialty price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Skyward Specialty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 25.52 |
Skyward Specialty lagged returns against current returns
Autocorrelation, which is Skyward Specialty 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 Skyward Specialty's stock expected returns. We can calculate the autocorrelation of Skyward Specialty returns to help us make a trade decision. For example, suppose you find that Skyward Specialty 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 |
Skyward Specialty 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 Skyward Specialty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skyward Specialty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skyward Specialty stock over time.
Current vs Lagged Prices |
| Timeline |
Skyward Specialty Lagged Returns
When evaluating Skyward Specialty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skyward Specialty stock have on its future price. Skyward Specialty 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, Skyward Specialty autocorrelation shows the relationship between Skyward Specialty stock current value and its past values and can show if there is a momentum factor associated with investing in Skyward Specialty Insurance.
Regressed Prices |
| Timeline |
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 Skyward Specialty is a strong investment it is important to analyze Skyward Specialty's 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 Skyward Specialty's future performance. For an informed investment choice regarding Skyward Stock, refer to the following important reports:Check out Skyward Specialty Correlation, Skyward Specialty Volatility and Skyward Specialty Alpha and Beta module to complement your research on Skyward Specialty. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Skyward Specialty 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.