Skillful Craftsman Education Stock Market Value
| EDTK Stock | USD 0.96 0.03 3.23% |
| Symbol | Skillful |
Skillful Craftsman Price To Book Ratio
Is Skillful Craftsman's industry 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 Skillful Craftsman. If investors know Skillful 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 Skillful Craftsman listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.23) | Earnings Share (1.22) | Revenue Per Share 0.364 | Quarterly Revenue Growth (0.80) | Return On Assets (0.06) |
The market value of Skillful Craftsman is measured differently than its book value, which is the value of Skillful that is recorded on the company's balance sheet. Investors also form their own opinion of Skillful Craftsman's value that differs from its market value or its book value, called intrinsic value, which is Skillful Craftsman'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 Skillful Craftsman's market value can be influenced by many factors that don't directly affect Skillful Craftsman'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 Skillful Craftsman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillful Craftsman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillful Craftsman'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.
Skillful Craftsman '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 Skillful Craftsman'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 Skillful Craftsman.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Skillful Craftsman on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Skillful Craftsman Education or generate 0.0% return on investment in Skillful Craftsman over 30 days. Skillful Craftsman is related to or competes with Wah Fu, Golden Sun, Elite Education, QuantaSing Group, ATA Creativity, American Public, and China Liberal. Skillful Craftsman Education Technology Limited provides vocational online education and technology services to college ... More
Skillful Craftsman 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 Skillful Craftsman'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 Skillful Craftsman Education upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.0032 | |||
| Maximum Drawdown | 17.77 | |||
| Value At Risk | (6.93) | |||
| Potential Upside | 6.32 |
Skillful Craftsman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skillful Craftsman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skillful Craftsman's standard deviation. In reality, there are many statistical measures that can use Skillful Craftsman historical prices to predict the future Skillful Craftsman's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | 0.0765 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skillful Craftsman'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.
Skillful Craftsman Backtested Returns
Skillful Craftsman owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0051, which indicates the firm had a -0.0051% return per unit of risk over the last 3 months. Skillful Craftsman Education exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skillful Craftsman's Coefficient Of Variation of 3614.96, semi deviation of 3.58, and Risk Adjusted Performance of 0.0257 to confirm the risk estimate we provide. The entity has a beta of 1.28, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skillful Craftsman will likely underperform. Skillful Craftsman has an expected return of -0.0203%. Please make sure to validate Skillful Craftsman total risk alpha and the relationship between the potential upside and day typical price , to decide if Skillful Craftsman performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Skillful Craftsman Education has insignificant reverse predictability. Overlapping area represents the amount of predictability between Skillful Craftsman time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Skillful Craftsman price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Skillful Craftsman price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Skillful Craftsman lagged returns against current returns
Autocorrelation, which is Skillful Craftsman 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 Skillful Craftsman's stock expected returns. We can calculate the autocorrelation of Skillful Craftsman returns to help us make a trade decision. For example, suppose you find that Skillful Craftsman 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 |
Skillful Craftsman 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 Skillful Craftsman stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skillful Craftsman stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skillful Craftsman stock over time.
Current vs Lagged Prices |
| Timeline |
Skillful Craftsman Lagged Returns
When evaluating Skillful Craftsman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skillful Craftsman stock have on its future price. Skillful Craftsman 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, Skillful Craftsman autocorrelation shows the relationship between Skillful Craftsman stock current value and its past values and can show if there is a momentum factor associated with investing in Skillful Craftsman Education.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Skillful Craftsman in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Skillful Craftsman's short interest history, or implied volatility extrapolated from Skillful Craftsman options trading.
Pair Trading with Skillful Craftsman
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 Skillful Craftsman 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 Skillful Craftsman will appreciate offsetting losses from the drop in the long position's value.Moving against Skillful Stock
| 0.43 | JZ | Jianzhi Education Report 4th of October 2024 | PairCorr |
The ability to find closely correlated positions to Skillful Craftsman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skillful Craftsman 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 Skillful Craftsman - 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 Skillful Craftsman Education to buy it.
The correlation of Skillful Craftsman 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 Skillful Craftsman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skillful Craftsman 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 Skillful Craftsman 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 Skillful Craftsman Correlation, Skillful Craftsman Volatility and Skillful Craftsman Alpha and Beta module to complement your research on Skillful Craftsman. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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When running Skillful Craftsman's price analysis, check to measure Skillful Craftsman'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 Skillful Craftsman is operating at the current time. Most of Skillful Craftsman's value examination focuses on studying past and present price action to predict the probability of Skillful Craftsman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillful Craftsman's price. Additionally, you may evaluate how the addition of Skillful Craftsman to your portfolios can decrease your overall portfolio volatility.
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Skillful Craftsman technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.