Sky Petroleum Stock Price on August 16, 2024
| SKPI Stock | USD 0.07 0.06 600.00% |
If you're considering investing in Sky Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Sky Petroleum stands at 0.07, as last reported on the 16th of December 2024, with the highest price reaching 0.07 and the lowest price hitting 0.07 during the day. Sky Petroleum is out of control given 3 months investment horizon. Sky Petroleum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate data for nineteen different technical indicators, which can help you to evaluate if expected returns of 8.48% are justified by taking the suggested risk. Use Sky Petroleum Variance of 5591.16, risk adjusted performance of 0.0908, and Coefficient Of Variation of 895.74 to evaluate company specific risk that cannot be diversified away.
Sky Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Sky |
Sharpe Ratio = 0.1125
| Best Portfolio | Best Equity | SKPI | ||
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Estimated Market Risk
| 75.35 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Sky Petroleum is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sky Petroleum by adding it to a well-diversified portfolio.
Sky Petroleum Valuation on August 16, 2024
It is possible to determine the worth of Sky Petroleum on a given historical date. On August 16, 2024 Sky was worth 0.05 at the beginning of the trading date compared to the closed value of 0.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sky Petroleum pink sheet. Still, in general, we apply an absolute valuation method to find Sky Petroleum's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sky Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sky Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.05 | 0.05 | 0.05 | 1.00 | |
08/16/2024 | 0.05 | 0.05 | 0.05 | 0.05 | 1.00 |
| 0.05 | 0.05 | 0.05 | 0.05 | 1.00 |
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Sky Petroleum Trading Date Momentum on August 16, 2024
| On August 19 2024 Sky Petroleum was traded for 0.05 at the closing time. The top price for the day was 0.05 and the lowest listed price was 0.05 . There was no trading activity during the period 1.0. Lack of trading volume on August 19, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.00% . |
Sky Petroleum Fundamentals Correlations and Trends
By evaluating Sky Petroleum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sky Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sky financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sky Petroleum Pink Sheet history
Sky Petroleum investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sky is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sky Petroleum will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sky Petroleum stock prices may prove useful in developing a viable investing in Sky Petroleum
Sky Petroleum, Inc. acquires, explores, develops, and produces oil and natural gas properties of others under arrangements in which the company finances the costs in exchange for interests in the oil or natural gas revenue generated by the properties. Sky Petroleum, Inc. was founded in 2002 and is based in Frisco, Texas. Sky Petroleum operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.
Sky Petroleum Pink Sheet Technical Analysis
Sky Petroleum technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Sky Petroleum Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Sky Petroleum cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sky Petroleum December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Sky Petroleum pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sky Petroleum shares will generate the highest return on investment. By undertsting and applying Sky Petroleum pink sheet market strength indicators, traders can identify Sky Petroleum entry and exit signals to maximize returns
Sky Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sky Petroleum's price direction in advance. Along with the technical and fundamental analysis of Sky Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sky to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0908 | |||
| Jensen Alpha | 8.76 | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (1.80) |
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| Volume Indicators |
Complementary Tools for Sky Pink Sheet analysis
When running Sky Petroleum's price analysis, check to measure Sky Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sky Petroleum is operating at the current time. Most of Sky Petroleum's value examination focuses on studying past and present price action to predict the probability of Sky Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Petroleum's price. Additionally, you may evaluate how the addition of Sky Petroleum to your portfolios can decrease your overall portfolio volatility.
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