Skkynet Cloud Systems Stock Price on July 5, 2024
| SKKY Stock | USD 0.70 0.05 6.67% |
If you're considering investing in Skkynet OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Skkynet Cloud stands at 0.70, as last reported on the 25th of December, with the highest price reaching 0.70 and the lowest price hitting 0.61 during the day. Skkynet Cloud is out of control given 3 months investment horizon. Skkynet Cloud Systems owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0987, which indicates the firm had a 0.0987% return per unit of risk over the last 3 months. We were able to collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.52% are justified by taking the suggested risk. Use Skkynet Cloud Systems Semi Deviation of 8.86, risk adjusted performance of 0.0866, and Coefficient Of Variation of 1036.36 to evaluate company specific risk that cannot be diversified away.
Skkynet OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Skkynet |
Sharpe Ratio = 0.0987
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | SKKY | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 15.38 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.52 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Skkynet Cloud is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Skkynet Cloud by adding it to a well-diversified portfolio.
Skkynet Cloud Valuation on July 5, 2024
It is possible to determine the worth of Skkynet Cloud on a given historical date. On July 5, 2024 Skkynet was worth 0.56 at the beginning of the trading date compared to the closed value of 0.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Skkynet Cloud otc stock. Still, in general, we apply an absolute valuation method to find Skkynet Cloud's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Skkynet Cloud where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Skkynet Cloud's related companies.
| Open | High | Low | Close | Volume | |
| 0.56 | 0.56 | 0.56 | 0.56 | 1.00 | |
07/05/2024 | 0.56 | 0.56 | 0.56 | 0.56 | 1.00 |
| 0.55 | 0.55 | 0.55 | 0.55 | 2,100 |
| Backtest Skkynet Cloud | | | Skkynet Cloud History | | | Skkynet Cloud Valuation | Previous | Next |
Skkynet Cloud Trading Date Momentum on July 5, 2024
| On July 08 2024 Skkynet Cloud Systems was traded for 0.55 at the closing time. The top price for the day was 0.55 and the lowest listed price was 0.55 . The trading volume for the day was 2.1 K. The trading history from July 8, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 1.79% . The trading price change against the current closing price is 3.57% . |
Skkynet Cloud Systems Fundamentals Correlations and Trends
By evaluating Skkynet Cloud's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Skkynet Cloud's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Skkynet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Skkynet Cloud OTC Stock history
Skkynet Cloud investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Skkynet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Skkynet Cloud Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Skkynet Cloud stock prices may prove useful in developing a viable investing in Skkynet Cloud
Skkynet Cloud Systems, Inc., an industrial middleware vendor, provides connectivity and data acquisition solutions to various industrial and office hardware and software products worldwide. Skkynet Cloud Systems, Inc. was incorporated in 2011 and is headquartered in Mississauga, Canada. Skkynet Cloud operates under SoftwareInfrastructure classification in the United States and is traded on OTC Exchange. It employs 10 people.
Skkynet Cloud OTC Stock Technical Analysis
Skkynet Cloud technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.
Price Boundaries
Skkynet Cloud Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
Skkynet Cloud Systems cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Skkynet Cloud December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Skkynet Cloud otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Skkynet Cloud shares will generate the highest return on investment. By undertsting and applying Skkynet Cloud otc stock market strength indicators, traders can identify Skkynet Cloud Systems entry and exit signals to maximize returns
Skkynet Cloud Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Skkynet Cloud's price direction in advance. Along with the technical and fundamental analysis of Skkynet OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Skkynet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 1.43 | |||
| Total Risk Alpha | 0.7873 | |||
| Sortino Ratio | 0.0849 | |||
| Treynor Ratio | 8.02 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.