Skeena Resources Stock Holdings Turnover
| SKE Stock | CAD 14.62 0.03 0.21% |
Skeena Resources fundamentals help investors to digest information that contributes to Skeena Resources' financial success or failures. It also enables traders to predict the movement of Skeena Stock. The fundamental analysis module provides a way to measure Skeena Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Skeena Resources stock.
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Skeena Resources Company Holdings Turnover Analysis
Skeena Resources' Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
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According to the company disclosure, Skeena Resources has a Holdings Turnover of 0.0%. This indicator is about the same for the Metals & Mining average (which is currently at 0.0) sector and about the same as Materials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
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Skeena Fundamentals
| Return On Equity | -1.56 | ||||
| Return On Asset | -0.47 | ||||
| Current Valuation | 1.6 B | ||||
| Shares Outstanding | 114.33 M | ||||
| Shares Owned By Insiders | 1.44 % | ||||
| Shares Owned By Institutions | 77.69 % | ||||
| Number Of Shares Shorted | 1.21 M | ||||
| Price To Book | 18.45 X | ||||
| Gross Profit | (27.68 K) | ||||
| EBITDA | (113.3 M) | ||||
| Net Income | (108.98 M) | ||||
| Cash And Equivalents | 40.6 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 32.38 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 2.23 X | ||||
| Book Value Per Share | 0.84 X | ||||
| Cash Flow From Operations | (90.6 M) | ||||
| Short Ratio | 4.21 X | ||||
| Earnings Per Share | (1.90) X | ||||
| Target Price | 18.87 | ||||
| Number Of Employees | 83 | ||||
| Beta | 1.52 | ||||
| Market Capitalization | 1.67 B | ||||
| Total Asset | 194.99 M | ||||
| Retained Earnings | (476.91 M) | ||||
| Working Capital | 29.24 M | ||||
| Net Asset | 194.99 M |
About Skeena Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skeena Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skeena Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skeena Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Skeena Resources
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 Skeena Resources 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 Skeena Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Skeena Stock
Moving against Skeena Stock
The ability to find closely correlated positions to Skeena Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skeena Resources 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 Skeena Resources - 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 Skeena Resources to buy it.
The correlation of Skeena Resources 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 Skeena Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skeena Resources 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 Skeena Resources 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.