Skechers Usa Stock Probability of Future Stock Price Finishing Under 61.41
| SKX Stock | USD 63.71 0.75 1.19% |
Skechers |
Skechers USA Target Price Odds to finish below 61.41
The tendency of Skechers Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 61.41 or more in 90 days |
| 63.71 | 90 days | 61.41 | about 15.12 |
Based on a normal probability distribution, the odds of Skechers USA to drop to $ 61.41 or more in 90 days from now is about 15.12 (This Skechers USA probability density function shows the probability of Skechers Stock to fall within a particular range of prices over 90 days) . Probability of Skechers USA price to stay between $ 61.41 and its current price of $63.71 at the end of the 90-day period is about 26.33 .
Considering the 90-day investment horizon Skechers USA has a beta of 0.43. This usually implies as returns on the market go up, Skechers USA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Skechers USA will be expected to be much smaller as well. Additionally Skechers USA has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Skechers USA Price Density |
| Price |
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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Skechers USA is not an exception. The market had few large corrections towards the Skechers USA's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Skechers USA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Skechers USA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 0.43 | |
σ | Overall volatility | 2.83 | |
Ir | Information ratio | -0.11 |
Skechers USA Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Skechers USA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Skechers USA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Skechers USA generated a negative expected return over the last 90 days | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Skechers to Present at the Morgan Stanley Global Consumer Retail Conference on December 3rd |
Skechers USA Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Skechers Stock often depends not only on the future outlook of the current and 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 | 156.3 M | |
| Cash And Short Term Investments | 1.3 B |
Skechers USA Technical Analysis
Skechers USA's future price can be derived by breaking down and analyzing its technical indicators over time. Skechers Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skechers USA. In general, you should focus on analyzing Skechers Stock price patterns and their correlations with different microeconomic environments and drivers.
Skechers USA Predictive Forecast Models
Skechers USA's time-series forecasting models is one of many Skechers USA's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Skechers USA's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Skechers USA
Checking the ongoing alerts about Skechers USA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Skechers USA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Skechers USA generated a negative expected return over the last 90 days | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Skechers to Present at the Morgan Stanley Global Consumer Retail Conference on December 3rd |
Additional Tools for Skechers Stock Analysis
When running Skechers USA's price analysis, check to measure Skechers USA'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 Skechers USA is operating at the current time. Most of Skechers USA's value examination focuses on studying past and present price action to predict the probability of Skechers USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skechers USA's price. Additionally, you may evaluate how the addition of Skechers USA to your portfolios can decrease your overall portfolio volatility.