(SKYY) Cloud Computing - Overview
Etf: Cloud Infrastructure, SaaS, Data Hosting, Cloud Platforms
| Risk 5d forecast | |
|---|---|
| Volatility | 38.6% |
| Relative Tail Risk | 4.34% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.44 |
| Alpha | -32.76 |
| Character TTM | |
|---|---|
| Beta | 1.328 |
| Beta Downside | 1.284 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.80% |
| CAGR/Max DD | 0.65 |
Description: SKYY Cloud Computing January 12, 2026
The First Trust Cloud Computing ETF (NASDAQ: SKYY) is a U.S.-based technology-focused ETF that allocates at least 90 % of its net assets-including any investment borrowings-to the common stocks and depositary receipts that constitute its underlying index, which is designed to reflect the performance of companies operating in the cloud-computing sector.
Key metrics that investors typically monitor for SKYY include its expense ratio of 0.60 % (above the industry average for passive cloud ETFs), a weighted average market-cap of roughly $55 billion, and a top-10 holding concentration of about 30 % (dominated by firms such as Microsoft, Amazon, and Alphabet). Recent data show the global cloud-services market growing at a compound annual growth rate (CAGR) of ~19 % in 2023, driven by enterprise digital transformation, rising demand for AI-enhanced SaaS, and expanding data-center capacity.
Because SKYY’s performance is tightly linked to macro trends like corporate IT spending cycles and the pace of 5G rollout, investors should watch leading indicators such as quarterly corporate cap-ex forecasts and global bandwidth utilization rates for early signals of sector momentum.
For a deeper, data-driven dive into SKYY’s risk-adjusted returns and scenario analysis, consider exploring the analytics available on ValueRay.
What is the price of SKYY shares?
Over the past week, the price has changed by -5.42%, over one month by -13.60%, over three months by -17.71% and over the past year by -12.79%.
Is SKYY a buy, sell or hold?
What are the forecasts/targets for the SKYY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 103 | -8.6% |
SKYY Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 2.78b USD (2.78b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 2.78b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 2.78b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 10.78% (E(2.78b)/V(2.78b) * Re(10.78%) + (debt-free company))
Discount Rate = 10.78% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)