The Mavericks of Metals Are Back, Rocking a 15 Trillion Market - Yahoo Finance
| SKY Stock | 0.05 0 1.89% |
Slightly above 62% of Sky Metals' investor base is looking to short. The current sentiment regarding investing in Sky Metals stock implies that many traders are alarmed. Sky Metals' investing sentiment can be driven by a variety of factors including economic data, Sky Metals' earnings reports, geopolitical events, and overall market trends.
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The Mavericks of Metals Are Back, Rocking a 15 Trillion Market Yahoo Finance
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Sky Metals Fundamental Analysis
We analyze Sky Metals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sky Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sky Metals 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Sky Metals is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Sky Metals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sky Metals stock to make a market-neutral strategy. Peer analysis of Sky Metals could also be used in its relative valuation, which is a method of valuing Sky Metals by comparing valuation metrics with similar companies.
Peers
Sky Metals Related Equities
| ASG | Autosports | 2.14 | ||||
| CBAPJ | Commonwealth Bank | 1.51 | ||||
| QBE | Qbe Insurance | 1.21 | ||||
| HMC | Home Consortium | 0.72 | ||||
| NABPH | National Australia | 0.58 | ||||
| ALL | Aristocrat Leisure | 0.25 |
Additional Tools for Sky Stock Analysis
When running Sky Metals' price analysis, check to measure Sky Metals' 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 Metals is operating at the current time. Most of Sky Metals' value examination focuses on studying past and present price action to predict the probability of Sky Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Metals' price. Additionally, you may evaluate how the addition of Sky Metals to your portfolios can decrease your overall portfolio volatility.