Skillz Platform Stock Overlap Studies MESA Adaptive Moving Average
| SKLZ Stock | USD 5.70 0.05 0.87% |
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The output start index for this execution was thirty-two with a total number of output elements of twenty-nine. The MESA Adaptive Moving Average indicator adapts to Skillz Platform price movement based on the rate change of phase as measured by the Hilbert Transform Discriminator.
Skillz Platform Technical Analysis Modules
Most technical analysis of Skillz Platform help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Skillz from various momentum indicators to cycle indicators. When you analyze Skillz charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Skillz Platform Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skillz Platform. We use our internally-developed statistical techniques to arrive at the intrinsic value of Skillz Platform based on widely used predictive technical indicators. In general, we focus on analyzing Skillz Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Skillz Platform's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Skillz Platform's intrinsic value. In addition to deriving basic predictive indicators for Skillz Platform, we also check how macroeconomic factors affect Skillz Platform price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 9.71 | 14.26 | 9.63 | PTB Ratio | 0.75 | 0.62 | 0.59 |
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Skillz Platform pair trading
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 Skillz Platform 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 Skillz Platform will appreciate offsetting losses from the drop in the long position's value.Skillz Platform Pair Trading
Skillz Platform Pair Trading Analysis
The ability to find closely correlated positions to Skillz Platform could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skillz Platform 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 Skillz Platform - 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 Skillz Platform to buy it.
The correlation of Skillz Platform 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 Skillz Platform moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skillz Platform 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 Skillz Platform 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 Skillz Stock Analysis
When running Skillz Platform's price analysis, check to measure Skillz Platform'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 Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.