Sky Competitors

Summary

Sky Solar Holdings competes with Fomento Economico, Ryanair Holdings, Sun Country, Vita Coco, and Saia; as well as few others. The company conducts business under Utilities sector and is part of Utilities—Renewable industry. Analyzing Sky Solar competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Sky Solar to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Sky Solar competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sky Solar'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.

Hype

Prediction

Low	Estimated	High
0.00	0.00	0.00

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Intrinsic

Valuation

Low	Real	High
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sky Solar. Your research has to be compared to or analyzed against Sky Solar's peers to derive any actionable benefits. When done correctly, Sky Solar's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sky Solar Holdings.

Sky Solar Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Sky Solar and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Sky and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Sky Solar Holdings does not affect the price movement of the other competitor.

	FMX	RYAAY	SNCY	COCO	SAIA	WVVI	PG
FMX		-0.22	0.01	-0.74	-0.44	0.29	-0.25	FMX
RYAAY	-0.22		0.49	0.18	0.86	-0.49	0.77	RYAAY
SNCY	0.01	0.49		-0.19	0.51	-0.03	0.47	SNCY
COCO	-0.74	0.18	-0.19		0.38	-0.3	0.04	COCO
SAIA	-0.44	0.86	0.51	0.38		-0.44	0.74	SAIA
WVVI	0.29	-0.49	-0.03	-0.3	-0.44		-0.06	WVVI
PG	-0.25	0.77	0.47	0.04	0.74	-0.06		PG
	FMX	RYAAY	SNCY	COCO	SAIA	WVVI	PG

Click cells to compare fundamentals

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High positive correlations

SAIA	+ 0.86	RYAAY
PG	+ 0.77	RYAAY
PG	+ 0.74	SAIA
SAIA	+ 0.51	SNCY
SNCY	+ 0.49	RYAAY
PG	+ 0.47	SNCY

High negative correlations

COCO	- 0.74	FMX
WVVI	- 0.49	RYAAY
WVVI	- 0.44	SAIA
SAIA	- 0.44	FMX
WVVI	- 0.3	COCO
PG	- 0.25	FMX

Risk-Adjusted Indicators

There is a big difference between Sky Stock performing well and Sky Solar Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sky Solar's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FMX	1.21	(0.10)	0.00	(0.06)	0.00	0.00	2.56	(2.44)	14.81
RYAAY	1.17	0.12	0.10	0.16	1.21	(1.32)	2.64	(2.12)	8.57
SNCY	1.95	(0.08)	(0.01)	0.02	2.58	(1.89)	4.80	(4.24)	13.21
COCO	1.85	(0.09)	0.00	(0.10)	0.00	0.00	2.88	(4.00)	18.02
SAIA	1.68	0.39	0.27	0.41	1.07	(2.06)	3.73	(2.09)	17.34
WVVI	1.29	(0.30)	0.00	(0.89)	0.00	0.00	2.58	(2.53)	10.01
PG	0.54	0.04	0.01	0.15	0.64	(0.59)	1.28	(0.91)	6.89

Sky Solar Competitive Analysis

The better you understand Sky Solar competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Sky Solar's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Sky Solar's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	FMX	RYAAY	SNCY	COCO	SAIA	WVVI	PG
	1.03 122.96 Fomento	0.86 138.11 Ryanair	0.28 14.30 Sun	4.00 24.02 Vita	0.13 576.97 Saia	2.00 4.42 Willamette	0.08 155.45 Procter
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Not too volatile	Very steady	Somewhat reliable	Very steady
Market Performance (90 Days Performance)	Very Weak	OK	OK	Very Weak	Good	Very Weak	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Very Low	Low	About Average	Low	Very Small	Below Average	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Strong Buy	Strong Buy	Strong Buy	Buy	Strong Sell	Strong Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Hold	Strong Hold	Strong Buy	Cautious Hold	Strong Hold
Current Ratio	1.41 X	1.08 X	1.10 X	2.99 X	1.58 X	3.99 X	0.62 X
Net Asset	805.84 B	16.41 B	1.62 B	287.9 M	2.66 B	105.71 M	120.83 B
Profit Margin	0.09 %	0.16 %	0.07 %	0.09 %	0.12 %	(0.03) %	0.18 %
EBITDA	91.49 B	2.37 B	226.24 M	57.15 M	640.25 M	2.22 M	21.82 B
Operating Margin	0.01 %	(0.01) %	0.07 %	0.05 %	0.15 %	(0.02) %	0.27 %
Current Valuation	560.12 B	158.66 B	1.27 B	1.24 B	15.14 B	88.06 M	392.7 B
Price To Book	9.65 X	3.76 X	1.48 X	7.04 X	7.90 X	0.79 X	7.66 X
Current Asset	5.02 B	4.82 B	N/A	288.6 M	158.99 M	9.05 M	33.78 B
Retained Earnings	304.65 B	4.18 B	94.23 M	100.74 M	1.66 B	19.73 M	118.17 B
Five Year Return	1.73 %	N/A	N/A	N/A	N/A	N/A	2.67 %
Beta	0.38	1.53	1.62	0.15	1.62	0.7	0.43
Number Of Employees	350 K	25 K	2.78 K	294	14 K	223	107 K
Shares Outstanding	1.79 B	228.01 M	53.29 M	56.93 M	26.52 M	4.96 M	2.35 B
Cash Flow From Operations	60.12 B	3.89 B	174.12 M	107.16 M	577.95 M	(1.99 M)	16.85 B
Annual Yield	0.02 %	0.01 %	N/A	N/A	N/A	N/A	0.03 %
Total Debt	232.9 B	4.12 B	697.78 M	1.65 M	138.71 M	23.52 M	34.61 B
Return On Equity	0.12	0.29	0.14	0.27	0.2	-0.017	0.32
Return On Asset	0.0429	0.087	0.0506	0.15	0.12	-0.0074	0.11
Number Of Shares Shorted	1.08 M	2.4 M	2.59 M	5.3 M	1.3 M	943	16.91 M
Book Value Per Share	84.92 X	6.91 X	9.65 X	3.56 X	73.32 X	5.69 X	20.28 X
Current Liabilities	3.78 B	3.37 B	N/A	251.25 M	141.38 M	2.26 M	30.77 B
Total Asset	805.84 B	16.41 B	1.62 B	287.9 M	2.66 B	105.71 M	120.83 B
Debt To Equity	0.77 %	0.81 %	1.30 %	0.17 %	0.10 %	0.23 %	0.74 %
Short Ratio	1.98 X	6.72 X	3.06 X	7.88 X	4.70 X	0.19 X	2.91 X
Target Price	140.87	157.0	20.5	29.89	592.37	N/A	169.98
Last Dividend Paid	4.4	0.18	N/A	N/A	N/A	N/A	3.74
Shares Owned By Institutions	34.95 %	46.20 %	99.41 %	83.80 %	99.47 %	12.23 %	67.57 %
Market Capitalization	222.28 B	31.76 B	757.8 M	1.37 B	15.34 B	22.39 M	365.78 B
Price To Earning	22.52 X	16.27 X	15.79 X	15.97 X	42.32 X	13.24 X	25.21 X
Price To Earnings To Growth	0.38 X	70.75 X	0.61 X	1.07 X	2.76 X	N/A	3.28 X
Price To Sales	0.32 X	2.42 X	0.72 X	2.89 X	5.32 X	0.57 X	4.35 X
Net Income	33.45 B	1.31 B	72.18 M	46.63 M	354.86 M	(1.2 M)	14.74 B
Earnings Per Share	1.16 X	9.57 X	1.23 X	0.79 X	13.26 X	(0.65) X	5.97 X
Shares Owned By Insiders	N/A	N/A	0.59 %	13.54 %	0.53 %	22.65 %	0.09 %
Revenue	702.69 B	10.78 B	1.05 B	493.61 M	2.88 B	39.14 M	82.01 B
Working Capital	52.6 B	(1.51 B)	(147.23 M)	180.35 M	326.64 M	18.4 M	(13.11 B)
Cash And Equivalents	43.84 B	4.62 B	289.58 M	16.41 M	137.87 M	3.13 M	8.25 B
Cash Per Share	295.95 X	20.37 X	4.98 X	0.29 X	5.24 X	0.63 X	2.83 X
Gross Profit	251.67 B	791.1 M	245.38 M	103.36 M	748.17 M	18.81 M	39.25 B
Day Typical Price	123.51	138.98	14.3	24.41	580.3	4.51	155.87
Accumulation Distribution	0.0162	0.0265	0.0249	0.0476	0.0317	0.0556	0.0095
Market Facilitation Index	2.02	3.74	0.36	1.2	18.74	0.26	1.49
Daily Balance Of Power	(0.63)	(0.32)	0.1111	(0.83)	(0.04)	(0.35)	0.0805
Period Momentum Indicator	(1.28)	(1.20)	0.04	(1.00)	(0.75)	(0.09)	0.12
Rate Of Daily Change	0.99	0.99	1.0	0.96	1.0	0.98	1.0
Day Median Price	123.79	139.41	14.3	24.61	581.97	4.55	156.07
Price Action Indicator	(1.47)	(1.90)	0.02	(1.09)	(5.37)	(0.17)	(0.57)
Coefficient Of Variation	(4,706)	760.3	5292.56	(6,051)	542.95	(671.10)	1263.34
Mean Deviation	1.21	1.17	1.95	1.85	1.68	1.29	0.5366
Jensen Alpha	(0.1)	0.1241	(0.08)	(0.09)	0.3875	(0.30)	0.0381
Total Risk Alpha	(0.22)	0.0612	(0.18)	(0.30)	0.2368	(0.44)	(0.01)
Sortino Ratio	N/A	0.0964	(0.01)	N/A	0.2746	N/A	0.007
Downside Variance	N/A	1.94	7.2	N/A	2.03	N/A	0.5313
Standard Deviation	2.04	1.5	2.6	2.91	2.46	1.83	0.8567
Kurtosis	12.7	0.6222	0.6234	10.69	14.5	2.47	8.71
Potential Upside	2.56	2.64	4.8	2.88	3.73	2.58	1.28
Treynor Ratio	(0.06)	0.1565	0.0174	(0.1)	0.4139	(0.89)	0.1548
Maximum Drawdown	14.81	8.57	13.21	18.02	17.34	10.01	6.89
Variance	4.16	2.25	6.76	8.48	6.08	3.34	0.734
Market Risk Adjusted Performance	(0.05)	0.1665	0.0274	(0.09)	0.4239	(0.88)	0.1648
Risk Adjusted Performance	(0.01)	0.0883	0.0194	(0)	0.1229	(0.09)	0.0523
Skewness	(2.61)	(0.06)	0.291	1.69	2.87	(0.86)	1.38
Semi Deviation	N/A	1.21	2.58	N/A	1.07	N/A	0.6429
Information Ratio	(0.05)	0.0897	(0.01)	(0.04)	0.1587	(0.18)	0.006
Value At Risk	(2.44)	(2.12)	(4.24)	(4.00)	(2.09)	(2.53)	(0.91)
Expected Short fall	N/A	(1.32)	(1.89)	N/A	(2.06)	N/A	(0.59)
Downside Deviation	N/A	1.39	2.68	N/A	1.42	N/A	0.7289
Semi Variance	N/A	1.46	6.67	N/A	1.15	N/A	0.4133

Sky Solar Competition Performance Charts

Five steps to successful analysis of Sky Solar Competition

Sky Solar's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Sky Solar Holdings in relation to its competition. Sky Solar's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Sky Solar in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Sky Solar's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Sky Solar Holdings, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Sky Solar position

In addition to having Sky Solar in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Shipping Containers

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipping Containers theme has 15 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Shipping Containers Theme or any other thematic opportunities.

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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Other Consideration for investing in Sky Stock

If you are still planning to invest in Sky Solar Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sky Solar's history and understand the potential risks before investing.

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