Skillz Investments vs Change In Cash Analysis
SKLZ Stock | USD 6.37 0.01 0.16% |
Skillz Platform financial indicator trend analysis is much more than just breaking down Skillz Platform prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skillz Platform is a good investment. Please check the relationship between Skillz Platform Investments and its Change In Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.
Investments vs Change In Cash
Investments vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skillz Platform Investments account and Change In Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Skillz Platform's Investments and Change In Cash is 0.05. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Skillz Platform, assuming nothing else is changed. The correlation between historical values of Skillz Platform's Investments and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Skillz Platform are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Investments i.e., Skillz Platform's Investments and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Change In Cash
Most indicators from Skillz Platform's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skillz Platform current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.At this time, Skillz Platform's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.70 in 2024, whereas Selling General Administrative is likely to drop slightly above 86.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 359.4M | 239.0M | 134.7M | 204.2M | Total Revenue | 384.1M | 269.7M | 150.1M | 220.9M |
Skillz Platform fundamental ratios Correlations
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Skillz Platform Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skillz Platform fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 7.5M | 25.3M | 64.7M | 45.7M | 51.8M | 36.5M | |
Total Current Liabilities | 10.5M | 47.4M | 86.8M | 49.5M | 54.8M | 47.5M | |
Net Tangible Assets | 18.7M | 235.0M | 457.7M | 278.4M | 320.2M | 200.5M | |
Retained Earnings | (90.3M) | (215.3M) | (419.7M) | (873.1M) | (979.8M) | (930.8M) | |
Accounts Payable | 2.9M | 22.0M | 19.8M | 1.7M | 1.7M | 1.6M | |
Other Assets | 116K | 3.9M | 3.5M | 3.8M | 4.3M | 2.5M | |
Other Current Assets | 4.4M | 10.5M | 16.7M | 4.7M | 6.4M | 8.2M | |
Total Current Assets | 35.1M | 273.2M | 590.6M | 501.7M | 324.4M | 320.8M | |
Common Stock | 29K | 37K | 40K | 41K | 47.2K | 34.7K | |
Property Plant Equipment | 3.6M | 5.3M | 24.5M | 3.5M | 4.0M | 3.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Skillz Platform offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skillz Platform's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skillz Platform Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skillz Platform Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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When running Skillz Platform's price analysis, check to measure Skillz Platform'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 Skillz Platform is operating at the current time. Most of Skillz Platform's value examination focuses on studying past and present price action to predict the probability of Skillz Platform's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skillz Platform's price. Additionally, you may evaluate how the addition of Skillz Platform to your portfolios can decrease your overall portfolio volatility.
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Is Skillz Platform'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 Skillz Platform. If investors know Skillz 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 Skillz Platform 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 30.538 | Earnings Share (5.11) | Revenue Per Share 7.185 | Quarterly Revenue Growth (0.32) | Return On Assets (0.14) |
The market value of Skillz Platform is measured differently than its book value, which is the value of Skillz that is recorded on the company's balance sheet. Investors also form their own opinion of Skillz Platform's value that differs from its market value or its book value, called intrinsic value, which is Skillz Platform'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 Skillz Platform's market value can be influenced by many factors that don't directly affect Skillz Platform'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 Skillz Platform's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skillz Platform is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skillz Platform'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.