Sky Solar Story

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SKYS -- USA Stock  

USD 7.17  0.00  0.00%

As many millenniums are excited about utilities space, it is only fair to sum up Sky Solar Holdings against current market trends. While the market posted solid gains today, things may not be as exiting for Sky Solar in the long run. The returns on the market and returns on Sky Solar appear slightly correlated to each other for the last few months. Weak basic indicators of the enterprise may also connote signs of long-running losses for Sky Solar retail investors. The stock is currently experiencing an active upward rally.
Published over three weeks ago
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Will Sky Solar (NASDAQ:SKYS) price continue to spike in October?
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.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Sky Solar Holdings. In general, we focus on analyzing Sky Solar stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sky Solar's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Sky Solar's intrinsic value. In addition to deriving basic predictive indicators for Sky Solar, we also check how macroeconomic factors affect Sky Solar price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Sky Solar 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 Details

How Sky Solar utilizes its cash?

To perform a cash flow analysis of Sky Solar, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Sky Solar is receiving and how much cash it distributes out in a given period. The Sky Solar cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Closer 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
SQRT = Square root notation
SV =   Sky Solar semi variance of returns over selected period
Let's now compare Sky Solar Semi Deviation to its closest peers:
SKYS
DNNGY
TNABY
BEP
AQN
SKYS5.5115852612402385
DNNGY0.9
TNABY3.55
BEP4.89
AQN1.36

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.

About Contributor

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 Terms of Use for any information regarding our disclosure principles.

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