Sky Petroleum Stock Probability of Future Pink Sheet Price Finishing Over 0.07
| SKPI Stock | USD 0.07 0.06 600.00% |
Sky |
Sky Petroleum Target Price Odds to finish over 0.07
The tendency of Sky Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.07 | 90 days | 0.07 | about 7.14 |
Based on a normal probability distribution, the odds of Sky Petroleum to move above the current price in 90 days from now is about 7.14 (This Sky Petroleum probability density function shows the probability of Sky Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Sky Petroleum has a beta of -4.63. This usually implies as returns on its benchmark rise, returns on holding Sky Petroleum are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sky Petroleum is expected to outperform its benchmark. In addition to that Sky Petroleum has an alpha of 8.755, implying that it can generate a 8.76 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sky Petroleum Price Density |
| Price |
Predictive Modules for Sky Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sky Petroleum. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sky Petroleum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sky Petroleum is not an exception. The market had few large corrections towards the Sky Petroleum's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Sky Petroleum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sky Petroleum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 8.76 | |
β | Beta against Dow Jones | -4.63 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Sky Petroleum Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Sky Petroleum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sky Petroleum can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sky Petroleum is way too risky over 90 days horizon | |
| Sky Petroleum has some characteristics of a very speculative penny stock | |
| Sky Petroleum appears to be risky and price may revert if volatility continues | |
| Sky Petroleum currently holds 31.3 K in liabilities. Sky Petroleum has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sky Petroleum until it has trouble settling it off, either with new capital or with free cash flow. So, Sky Petroleum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sky Petroleum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sky to invest in growth at high rates of return. When we think about Sky Petroleum's use of debt, we should always consider it together with cash and equity. | |
| Sky Petroleum currently holds about 13.53 K in cash with (458.46 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Pimco Strat stock soars to 52-week high, hits 8.07 - Investing.com |
Sky Petroleum Technical Analysis
Sky Petroleum's future price can be derived by breaking down and analyzing its technical indicators over time. Sky Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sky Petroleum. In general, you should focus on analyzing Sky Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Sky Petroleum Predictive Forecast Models
Sky Petroleum's time-series forecasting models is one of many Sky Petroleum's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Sky Petroleum's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Sky Petroleum
Checking the ongoing alerts about Sky Petroleum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sky Petroleum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sky Petroleum is way too risky over 90 days horizon | |
| Sky Petroleum has some characteristics of a very speculative penny stock | |
| Sky Petroleum appears to be risky and price may revert if volatility continues | |
| Sky Petroleum currently holds 31.3 K in liabilities. Sky Petroleum has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sky Petroleum until it has trouble settling it off, either with new capital or with free cash flow. So, Sky Petroleum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sky Petroleum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sky to invest in growth at high rates of return. When we think about Sky Petroleum's use of debt, we should always consider it together with cash and equity. | |
| Sky Petroleum currently holds about 13.53 K in cash with (458.46 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Pimco Strat stock soars to 52-week high, hits 8.07 - Investing.com |
Other Information on Investing in Sky Pink Sheet
Sky Petroleum financial ratios help investors to determine whether Sky 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 Sky with respect to the benefits of owning Sky Petroleum security.