Sky Harbour Group Stock Market Value
| SKYH-WT Stock | 2.22 0.08 3.48% |
| Symbol | Sky |
Sky Harbour Group Price To Book Ratio
Sky Harbour '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 Sky Harbour'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 Sky Harbour.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Sky Harbour on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sky Harbour Group or generate 0.0% return on investment in Sky Harbour over 90 days. Sky Harbour is related to or competes with Sky Harbour. Sky Harbour is entity of United States. It is traded as Stock on NYSE exchange. More
Sky Harbour 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 Sky Harbour'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 Sky Harbour Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.06 | |||
| Information Ratio | 0.0284 | |||
| Maximum Drawdown | 38.15 | |||
| Value At Risk | (11.07) | |||
| Potential Upside | 10.5 |
Sky Harbour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sky Harbour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sky Harbour's standard deviation. In reality, there are many statistical measures that can use Sky Harbour historical prices to predict the future Sky Harbour's volatility.| Risk Adjusted Performance | 0.045 | |||
| Jensen Alpha | 0.4705 | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | 0.0296 | |||
| Treynor Ratio | (0.32) |
Sky Harbour Group Backtested Returns
Sky Harbour appears to be dangerous, given 3 months investment horizon. Sky Harbour Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0408, which indicates the firm had a 0.0408% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sky Harbour Group, which you can use to evaluate the volatility of the company. Please review Sky Harbour's Risk Adjusted Performance of 0.045, coefficient of variation of 2121.97, and Semi Deviation of 6.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sky Harbour holds a performance score of 3. The entity has a beta of -1.05, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Sky Harbour are expected to decrease slowly. On the other hand, during market turmoil, Sky Harbour is expected to outperform it slightly. Please check Sky Harbour's downside variance, expected short fall, and the relationship between the potential upside and semi variance , to make a quick decision on whether Sky Harbour's existing price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Sky Harbour Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Sky Harbour time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Sky Harbour Group price movement. The serial correlation of -0.02 indicates that only 2.0% of current Sky Harbour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Sky Harbour Group lagged returns against current returns
Autocorrelation, which is Sky Harbour 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 Sky Harbour's stock expected returns. We can calculate the autocorrelation of Sky Harbour returns to help us make a trade decision. For example, suppose you find that Sky Harbour 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 |
Sky Harbour 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 Sky Harbour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sky Harbour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sky Harbour stock over time.
Current vs Lagged Prices |
| Timeline |
Sky Harbour Lagged Returns
When evaluating Sky Harbour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sky Harbour stock have on its future price. Sky Harbour 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, Sky Harbour autocorrelation shows the relationship between Sky Harbour stock current value and its past values and can show if there is a momentum factor associated with investing in Sky Harbour Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.