Sky Book Value Per Share vs Cash Per Share Analysis

SKYH-WT Stock   2.33  0.11  4.95%   
Sky Harbour financial indicator trend analysis is much more than just breaking down Sky Harbour Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sky Harbour Group is a good investment. Please check the relationship between Sky Harbour Book Value Per Share and its Cash Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Harbour Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Book Value Per Share vs Cash Per Share

Book Value Per Share vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Harbour Group Book Value Per Share account and Cash Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sky Harbour's Book Value Per Share and Cash Per Share is 0.77. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Sky Harbour Group, assuming nothing else is changed. The correlation between historical values of Sky Harbour's Book Value Per Share and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Sky Harbour Group are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Book Value Per Share i.e., Sky Harbour's Book Value Per Share and Cash Per Share go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Cash Per Share

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Additional Tools for Sky Stock Analysis

When running Sky Harbour's price analysis, check to measure Sky Harbour'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 Harbour is operating at the current time. Most of Sky Harbour's value examination focuses on studying past and present price action to predict the probability of Sky Harbour'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 Harbour's price. Additionally, you may evaluate how the addition of Sky Harbour to your portfolios can decrease your overall portfolio volatility.