Sky Solar Holdings's average rating is Strong Buy from 2 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Sky Solar market sentiment investors' perception of the future value of Sky Solar. Let us look at a few aspects of Sky Solar technical analysis.
How does Sky Stands against Peers?
Analyzing Sky Solar competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Sky Solar across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Sky Solar Competition DetailsCloser look at Sky Solar Semi Deviation
Sky Solar Holdings has current Semi Deviation of 5.51. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Semi Deviation | = | SQRT(SV) |
| = | 5.51 |
Let's now compare Sky Solar Semi Deviation to its closest peers:
| SKYS | 5.5115852612402385 |
| DNNGY | 0.9 |
| TNABY | 3.55 |
| BEP | 4.89 |
| AQN | 1.36 |
Over 3 percent spike for Sky Solar. What does it mean for retail investors?
Coefficient of variation is down to 897.4. It may connote a possible volatility fall. Sky Solar Holdings is displaying above-average volatility over the selected time horizon. Investors should scrutinize Sky Solar Holdings independently to ensure intended market timing strategies are aligned with expectations about Sky Solar volatility.
Our Final Perspective on Sky Solar
While many other companies under the utilities—renewable industry are still a bit expensive, Sky Solar may offer a potential longer-term growth to retail investors. To conclude, as of the 25th of September 2020, we believe that at this point, Sky Solar is very risky with
below average odds of financial turmoil within the next 2 years. From a slightly different point of view, the entity appears to be
overvalued. Our primary 30 days buy-sell recommendation on the enterprise is
Strong Sell.
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Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Sky Solar Holdings. Please refer to our
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