Skeena Resources Stock Performance

SKE Stock  CAD 14.27  0.29  2.07%   
On a scale of 0 to 100, Skeena Resources holds a performance score of 5. The entity has a beta of 0.95, which indicates possible diversification benefits within a given portfolio. Skeena Resources returns are very sensitive to returns on the market. As the market goes up or down, Skeena Resources is expected to follow. Please check Skeena Resources' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Skeena Resources' existing price patterns will revert.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Skeena Resources are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating technical and fundamental indicators, Skeena Resources displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Begin Period Cash Flow40.6 M
  

Skeena Resources Relative Risk vs. Return Landscape

If you would invest  1,287  in Skeena Resources on November 30, 2024 and sell it today you would earn a total of  140.00  from holding Skeena Resources or generate 10.88% return on investment over 90 days. Skeena Resources is generating 0.2175% of daily returns assuming 3.1519% volatility of returns over the 90 days investment horizon. Simply put, 28% of all stocks have less volatile historical return distribution than Skeena Resources, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Skeena Resources is expected to generate 4.2 times more return on investment than the market. However, the company is 4.2 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.04 per unit of risk.

Skeena Resources Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Skeena Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Skeena Resources, and traders can use it to determine the average amount a Skeena Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.069

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Estimated Market Risk

 3.15
  actual daily
28
72% of assets are more volatile

Expected Return

 0.22
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4
96% of assets have higher returns

Risk-Adjusted Return

 0.07
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5
95% of assets perform better
Based on monthly moving average Skeena Resources is performing at about 5% 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 Skeena Resources by adding it to a well-diversified portfolio.

Skeena Resources Fundamentals Growth

Skeena Stock prices reflect investors' perceptions of the future prospects and financial health of Skeena Resources, and Skeena Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Skeena Stock performance.

About Skeena Resources Performance

By examining Skeena Resources' fundamental ratios, stakeholders can obtain critical insights into Skeena Resources' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Skeena Resources is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Skeena Resources Limited explores and develops mineral properties in Canada. Skeena Resources Limited was incorporated in 1979 and is headquartered in Vancouver, Canada. SKEENA RESOURCES operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange.

Things to note about Skeena Resources performance evaluation

Checking the ongoing alerts about Skeena Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Skeena Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Skeena Resources had very high historical volatility over the last 90 days
Net Loss for the year was (108.98 M) with loss before overhead, payroll, taxes, and interest of (27.68 K).
Skeena Resources has accumulated about 40.6 M in cash with (90.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.53.
Over 78.0% of the company shares are owned by institutional investors
Evaluating Skeena Resources' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Skeena Resources' stock performance include:
  • Analyzing Skeena Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Skeena Resources' stock is overvalued or undervalued compared to its peers.
  • Examining Skeena Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Skeena Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Skeena Resources' management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Skeena Resources' stock. These opinions can provide insight into Skeena Resources' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Skeena Resources' stock performance is not an exact science, and many factors can impact Skeena Resources' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Skeena Resources is a strong investment it is important to analyze Skeena Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skeena Resources' future performance. For an informed investment choice regarding Skeena Stock, refer to the following important reports:
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Skeena Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skeena Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skeena Resources' 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.