Skechers USA Stock Forward View
| SKXDelisted Stock | USD 1,400 31.00 2.26% |
Skechers Stock outlook is based on your current time horizon.
At this time the value of rsi of Skechers USA's share price is below 20 . This usually implies that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 99
Buy Peaked
Oversold | Overbought |
Using Skechers USA hype-based prediction, you can estimate the value of Skechers USA from the perspective of Skechers USA response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Skechers USA on the next trading day is expected to be 1,411 with a mean absolute deviation of 80.35 and the sum of the absolute errors of 4,901. Skechers USA after-hype prediction price | USD 1400.2 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Skechers |
Skechers USA Additional Predictive Modules
Most predictive techniques to examine Skechers price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Skechers using various technical indicators. When you analyze Skechers charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Skechers USA Naive Prediction Price Forecast For the 4th of February
Given 90 days horizon, the Naive Prediction forecasted value of Skechers USA on the next trading day is expected to be 1,411 with a mean absolute deviation of 80.35, mean absolute percentage error of 18,567, and the sum of the absolute errors of 4,901.Please note that although there have been many attempts to predict Skechers Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Skechers USA's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Skechers USA Stock Forecast Pattern
| Backtest Skechers USA | Skechers USA Price Prediction | Research Analysis |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Skechers USA stock data series using in forecasting. Note that when a statistical model is used to represent Skechers USA stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 127.9396 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 80.3501 |
| MAPE | Mean absolute percentage error | 1.0635 |
| SAE | Sum of the absolute errors | 4901.3559 |
Predictive Modules for Skechers USA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skechers USA. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Skechers USA After-Hype Price Density Analysis
As far as predicting the price of Skechers USA at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Skechers USA or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Skechers USA, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Skechers USA Estimiated After-Hype Price Volatility
In the context of predicting Skechers USA's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Skechers USA's historical news coverage. Skechers USA's after-hype downside and upside margins for the prediction period are 1,400 and 1,400, respectively. We have considered Skechers USA's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Skechers USA is very steady at this time. Analysis and calculation of next after-hype price of Skechers USA is based on 3 months time horizon.
Skechers USA Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Skechers USA is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Skechers USA backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Delisted Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Skechers USA, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 0.00 | 0.00 | 0.00 | 3 Events / Month | 5 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
1,400 | 1,400 | 0.00 |
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Skechers USA Hype Timeline
On the 3rd of February Skechers USA is traded for 1,400. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Skechers is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.0%. %. The volatility of related hype on Skechers USA is about 0.0%, with the expected price after the next announcement by competition of 1,400. About 95.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.99. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Skechers USA has Price/Earnings To Growth (PEG) ratio of 1.19. The entity had not issued any dividends in recent years. The firm had 3:1 split on the 16th of October 2015. Considering the 90-day investment horizon the next forecasted press release will be in about 3 days. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.Skechers USA Related Hype Analysis
Having access to credible news sources related to Skechers USA's direct competition is more important than ever and may enhance your ability to predict Skechers USA's future price movements. Getting to know how Skechers USA's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Skechers USA may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| GAP | The Gap | (1.53) | 9 per month | 1.68 | 0.09 | 6.37 | (2.84) | 12.19 | |
| BERY | Berry Global Group | 3.63 | 7 per month | 1.71 | (0.03) | 2.85 | (3.07) | 9.09 | |
| JWN | Nordstrom | 0.03 | 8 per month | 0.67 | (0.03) | 0.83 | (0.75) | 3.78 | |
| MDC | MDC Holdings | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SGI | Somnigroup International | 0.64 | 5 per month | 1.54 | 0.03 | 2.56 | (2.47) | 15.47 | |
| WRK | WestRock Co | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| LNW | Light Wonder | (2.01) | 8 per month | 1.62 | 0.08 | 3.55 | (2.94) | 14.31 | |
| PRKS | United Parks Resorts | 1.43 | 11 per month | 0.00 | (0.13) | 4.60 | (5.35) | 25.95 | |
| HIBB | Hibbett Sports | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| MODG | Topgolf Callaway Brands | 0.05 | 8 per month | 2.56 | 0.20 | 8.81 | (3.96) | 23.39 |
Skechers USA Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Skechers USA stock to make a market-neutral strategy. Peer analysis of Skechers USA could also be used in its relative valuation, which is a method of valuing Skechers USA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Skechers USA Market Strength Events
Market strength indicators help investors to evaluate how Skechers USA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Skechers USA shares will generate the highest return on investment. By undertsting and applying Skechers USA stock market strength indicators, traders can identify Skechers USA entry and exit signals to maximize returns.
Skechers USA Risk Indicators
The analysis of Skechers USA's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Skechers USA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skechers stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 63.21 | |||
| Standard Deviation | 260.7 | |||
| Variance | 67965.31 | |||
| Downside Variance | 0.0251 | |||
| Semi Variance | (32.59) | |||
| Expected Short fall | (60.61) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Skechers USA
The number of cover stories for Skechers USA depends on current market conditions and Skechers USA's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Skechers USA is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Skechers USA's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Skechers USA Short Properties
Skechers USA's future price predictability will typically decrease when Skechers USA's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Skechers USA often depends not only on the future outlook of the potential Skechers USA's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Skechers USA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 153.8 M | |
| Cash And Short Term Investments | 1.2 B |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in Skechers Stock
If you are still planning to invest in Skechers USA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Skechers USA's history and understand the potential risks before investing.
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