Skywater Technology Stock Market Value
| SKYT Stock | USD 13.08 2.92 28.74% |
| Symbol | Skywater |
Skywater Technology Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skywater Technology. If investors know Skywater will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skywater Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.36) | Revenue Per Share 7.32 | Quarterly Revenue Growth 0.31 | Return On Assets 0.0022 | Return On Equity (0.17) |
The market value of Skywater Technology is measured differently than its book value, which is the value of Skywater that is recorded on the company's balance sheet. Investors also form their own opinion of Skywater Technology's value that differs from its market value or its book value, called intrinsic value, which is Skywater Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skywater Technology's market value can be influenced by many factors that don't directly affect Skywater Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skywater Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skywater Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skywater Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Skywater Technology '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 Skywater Technology's 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 Skywater Technology.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Skywater Technology on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Skywater Technology or generate 0.0% return on investment in Skywater Technology over 30 days. Skywater Technology is related to or competes with Indie Semiconductor, FTC Solar, Sitime, Navitas Semiconductor, and Allegro Microsystems. SkyWater Technology, Inc., together with its subsidiaries, provides semiconductor development and manufacturing services More
Skywater Technology 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 Skywater Technology's 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 Skywater Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.12 | |||
| Maximum Drawdown | 19.27 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 5.46 |
Skywater Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skywater Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skywater Technology's standard deviation. In reality, there are many statistical measures that can use Skywater Technology historical prices to predict the future Skywater Technology's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.6904 | |||
| Total Risk Alpha | 0.5187 | |||
| Sortino Ratio | 0.167 | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skywater Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Skywater Technology Backtested Returns
Skywater Technology appears to be somewhat reliable, given 3 months investment horizon. Skywater Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Skywater Technology's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Skywater Technology's Semi Deviation of 3.24, coefficient of variation of 796.16, and Risk Adjusted Performance of 0.1083 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Skywater Technology holds a performance score of 10. The entity has a beta of -2.43, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Skywater Technology are expected to decrease by larger amounts. On the other hand, during market turmoil, Skywater Technology is expected to outperform it. Please check Skywater Technology's maximum drawdown, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether Skywater Technology's existing price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Skywater Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Skywater Technology time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Skywater Technology price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Skywater Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
Skywater Technology lagged returns against current returns
Autocorrelation, which is Skywater Technology 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 Skywater Technology's stock expected returns. We can calculate the autocorrelation of Skywater Technology returns to help us make a trade decision. For example, suppose you find that Skywater Technology 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 |
Skywater Technology 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 Skywater Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skywater Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skywater Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Skywater Technology Lagged Returns
When evaluating Skywater Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skywater Technology stock have on its future price. Skywater Technology 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, Skywater Technology autocorrelation shows the relationship between Skywater Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Skywater Technology.
Regressed Prices |
| Timeline |
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Additional Tools for Skywater Stock Analysis
When running Skywater Technology's price analysis, check to measure Skywater Technology'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 Skywater Technology is operating at the current time. Most of Skywater Technology's value examination focuses on studying past and present price action to predict the probability of Skywater Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skywater Technology's price. Additionally, you may evaluate how the addition of Skywater Technology to your portfolios can decrease your overall portfolio volatility.