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ETFs signal
SKYY

SKYY

First Trust Cloud Computing ETF

ETFsNGMUSD-12.8% from ATH
Current Price

$135.32

Drawdown from ATH

-12.8%

Last Updated

Jun 17, 2026

Dipsern Grade90d

C

Marginal

Graded against SKYY's own history at this drawdown — not the market's.

What it means: SKYY's own history does not strongly favor buying at this level yet.

What to do: Consider watching and waiting for a deeper dip or a higher grade.

Median 90-Day Return
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Historical Win Rate
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Last 30 days+3.87%
May 5Jun 16
About SKYY

First Trust Cloud Computing ETF

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.

The reading

How Dipsern reads SKYY right now.

Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.

Snapshot

How is SKYY doing right now?

In plain terms: SKYY is 12.8% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

As of the latest market close, First Trust Cloud Computing ETF (SKYY) is trading in a moderate correction, 12.8% below its all-time high at $135.32. Corrections in this band are common during macro repricings (rate scares, sector rotations, earnings shocks). The question is whether the cause is durable or transient.

Historical base rate

What history says at this drawdown

SKYY reaches this drawdown band repeatedly in its history (370 observations), which is a large sample for the segmentation engine to compute a stable median forward return. The engine uses a rolling 90-day window and gives more weight to recent years — this lets the signal adapt to regime changes (e.g., post-COVID volatility) without losing the long-run base rate.

Interpretation

What this means for SKYY

ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. This is the band where most successful "buy the dip" strategies have historically operated. The median forward return here for SKYY is in the full app, alongside the segment-level win rate.

Read how Dipsern grades signals
Comparable signals

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Five tickers closest to SKYY's distance from all-time high. Same category, one tap away.

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Historical depth

Sample sizes by drawdown band

Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for SKYY. Median forward returns, win rates, and prediction errors are available in the full analysis.

Drawdown BandObservationsMedian ReturnWin Rate
-55% to -50%29
-50% to -45%123
-45% to -40%86
-40% to -35%105
-35% to -30%78
-30% to -25%80
-25% to -20%191
-20% to -15%234
-15% to -10%Current370
-10% to -5%643
-5% to 0%1758
Methodology

Every grade is reproducible.

We segment 40+ years of SKYY's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.

Read the methodologyBrowse the API

Years of history

40+

Drawdown bands

20

Look-ahead bias

None

Data sources

4

Unlock SKYY's full analysis

See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for SKYY.

Dipsern is research and a second opinion — not a broker. You'd buy SKYY at your own broker.

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Signal computed Jun 17, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.