SKS Technologies (Australia) Market Value
| SKS Stock | 1.95 0.14 7.73% |
| Symbol | SKS |
SKS Technologies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SKS Technologies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SKS Technologies.
| 02/14/2023 |
| 01/04/2025 |
If you would invest 0.00 in SKS Technologies on February 14, 2023 and sell it all today you would earn a total of 0.00 from holding SKS Technologies Group or generate 0.0% return on investment in SKS Technologies over 690 days. SKS Technologies is related to or competes with Richmond Vanadium, Australian Unity, Australian Agricultural, Technology One, Home Consortium, MotorCycle Holdings, and Dug Technology. More
SKS Technologies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SKS Technologies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SKS Technologies Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.43 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 26.24 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 8.99 |
SKS Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKS Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SKS Technologies' standard deviation. In reality, there are many statistical measures that can use SKS Technologies historical prices to predict the future SKS Technologies' volatility.| Risk Adjusted Performance | 0.1103 | |||
| Jensen Alpha | 0.5599 | |||
| Total Risk Alpha | 0.4931 | |||
| Sortino Ratio | 0.1241 | |||
| Treynor Ratio | 2.95 |
SKS Technologies Backtested Returns
SKS Technologies appears to be dangerous, given 3 months investment horizon. SKS Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of standard deviation over the last 3 months. By evaluating SKS Technologies' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review SKS Technologies' risk adjusted performance of 0.1103, and Coefficient Of Variation of 794.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SKS Technologies holds a performance score of 9. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SKS Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding SKS Technologies is expected to be smaller as well. Please check SKS Technologies' value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether SKS Technologies' existing price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
SKS Technologies Group has good predictability. Overlapping area represents the amount of predictability between SKS Technologies time series from 14th of February 2023 to 25th of January 2024 and 25th of January 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SKS Technologies price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current SKS Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
SKS Technologies lagged returns against current returns
Autocorrelation, which is SKS Technologies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SKS Technologies' stock expected returns. We can calculate the autocorrelation of SKS Technologies returns to help us make a trade decision. For example, suppose you find that SKS Technologies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SKS Technologies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SKS Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SKS Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SKS Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
SKS Technologies Lagged Returns
When evaluating SKS Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SKS Technologies stock have on its future price. SKS Technologies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SKS Technologies autocorrelation shows the relationship between SKS Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in SKS Technologies Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for SKS Stock Analysis
When running SKS Technologies' price analysis, check to measure SKS Technologies' 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 SKS Technologies is operating at the current time. Most of SKS Technologies' value examination focuses on studying past and present price action to predict the probability of SKS Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKS Technologies' price. Additionally, you may evaluate how the addition of SKS Technologies to your portfolios can decrease your overall portfolio volatility.