Skyline Investment (Poland) Market Value
| SKL Stock | 1.52 0.04 2.70% |
| Symbol | Skyline |
Skyline Investment '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 Skyline Investment'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 Skyline Investment.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Skyline Investment on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Skyline Investment SA or generate 0.0% return on investment in Skyline Investment over 30 days. Skyline Investment is related to or competes with Novavis Group, Asseco Business, and Movie Games. More
Skyline Investment 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 Skyline Investment'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 Skyline Investment SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.65 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 5.81 |
Skyline Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skyline Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skyline Investment's standard deviation. In reality, there are many statistical measures that can use Skyline Investment historical prices to predict the future Skyline Investment's volatility.| Risk Adjusted Performance | 0.0031 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.8011 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skyline Investment'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.
Skyline Investment Backtested Returns
Skyline Investment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0054, which indicates the firm had a -0.0054% return per unit of risk over the last 3 months. Skyline Investment SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skyline Investment's Variance of 7.03, coefficient of variation of (18,890), and Risk Adjusted Performance of 0.0031 to confirm the risk estimate we provide. The entity has a beta of -0.03, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Skyline Investment are expected to decrease at a much lower rate. During the bear market, Skyline Investment is likely to outperform the market. At this point, Skyline Investment has a negative expected return of -0.0147%. Please make sure to validate Skyline Investment's maximum drawdown, and the relationship between the information ratio and daily balance of power , to decide if Skyline Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Skyline Investment SA has poor reverse predictability. Overlapping area represents the amount of predictability between Skyline Investment time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Skyline Investment price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Skyline Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Skyline Investment lagged returns against current returns
Autocorrelation, which is Skyline Investment 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 Skyline Investment's stock expected returns. We can calculate the autocorrelation of Skyline Investment returns to help us make a trade decision. For example, suppose you find that Skyline Investment 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 |
Skyline Investment 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 Skyline Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skyline Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skyline Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Skyline Investment Lagged Returns
When evaluating Skyline Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skyline Investment stock have on its future price. Skyline Investment 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, Skyline Investment autocorrelation shows the relationship between Skyline Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Skyline Investment SA.
Regressed Prices |
| Timeline |
Pair Trading with Skyline Investment
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 Skyline Investment 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 Skyline Investment will appreciate offsetting losses from the drop in the long position's value.Moving against Skyline Stock
The ability to find closely correlated positions to Skyline Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skyline Investment 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 Skyline Investment - 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 Skyline Investment SA to buy it.
The correlation of Skyline Investment 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 Skyline Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skyline Investment 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 Skyline Investment 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.Additional Tools for Skyline Stock Analysis
When running Skyline Investment's price analysis, check to measure Skyline Investment'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 Skyline Investment is operating at the current time. Most of Skyline Investment's value examination focuses on studying past and present price action to predict the probability of Skyline Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline Investment's price. Additionally, you may evaluate how the addition of Skyline Investment to your portfolios can decrease your overall portfolio volatility.