Skkynet Cloud Systems Stock Probability of Future OTC Stock Price Finishing Over 46.97
| SKKY Stock | USD 0.71 0.01 1.43% |
Skkynet |
Skkynet Cloud Target Price Odds to finish over 46.97
The tendency of Skkynet OTC Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 46.97 or more in 90 days |
| 0.71 | 90 days | 46.97 | close to zero percent |
Based on a normal probability distribution, the odds of Skkynet Cloud to move over $ 46.97 or more in 90 days from now is close to zero percent (This Skkynet Cloud Systems probability density function shows the probability of Skkynet OTC Stock to fall within a particular range of prices over 90 days) . Probability of Skkynet Cloud Systems price to stay between its current price of $ 0.71 and $ 46.97 at the end of the 90-day period is about 34.02 .
Given the investment horizon of 90 days Skkynet Cloud Systems has a beta of -0.42. This usually implies as returns on the benchmark increase, returns on holding Skkynet Cloud are expected to decrease at a much lower rate. During a bear market, however, Skkynet Cloud Systems is likely to outperform the market. Moreover Skkynet Cloud Systems has an alpha of 1.4764, implying that it can generate a 1.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Skkynet Cloud Price Density |
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Predictive Modules for Skkynet Cloud
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skkynet Cloud Systems. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Skkynet Cloud Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Skkynet Cloud is not an exception. The market had few large corrections towards the Skkynet Cloud's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Skkynet Cloud Systems, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Skkynet Cloud within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.48 | |
β | Beta against Dow Jones | -0.42 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | 0.09 |
Skkynet Cloud Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Skkynet Cloud for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Skkynet Cloud Systems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Skkynet Cloud is way too risky over 90 days horizon | |
| Skkynet Cloud has some characteristics of a very speculative penny stock | |
| Skkynet Cloud appears to be risky and price may revert if volatility continues | |
| Skkynet Cloud Systems currently holds about 672.3 K in cash with (36.02 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 70.0% of the company outstanding shares are owned by corporate insiders |
Skkynet Cloud Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Skkynet OTC Stock often depends not only on the future outlook of the current and potential Skkynet Cloud's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Skkynet Cloud's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 53.1 M |
Skkynet Cloud Technical Analysis
Skkynet Cloud's future price can be derived by breaking down and analyzing its technical indicators over time. Skkynet OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skkynet Cloud Systems. In general, you should focus on analyzing Skkynet OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Skkynet Cloud Predictive Forecast Models
Skkynet Cloud's time-series forecasting models is one of many Skkynet Cloud's otc stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Skkynet Cloud's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the otc stock market movement and maximize returns from investment trading.
Things to note about Skkynet Cloud Systems
Checking the ongoing alerts about Skkynet Cloud for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Skkynet Cloud Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Skkynet Cloud is way too risky over 90 days horizon | |
| Skkynet Cloud has some characteristics of a very speculative penny stock | |
| Skkynet Cloud appears to be risky and price may revert if volatility continues | |
| Skkynet Cloud Systems currently holds about 672.3 K in cash with (36.02 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 70.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Skkynet OTC Stock Analysis
When running Skkynet Cloud's price analysis, check to measure Skkynet Cloud'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 Skkynet Cloud is operating at the current time. Most of Skkynet Cloud's value examination focuses on studying past and present price action to predict the probability of Skkynet Cloud's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skkynet Cloud's price. Additionally, you may evaluate how the addition of Skkynet Cloud to your portfolios can decrease your overall portfolio volatility.