Skyline Stock Odds of Future Stock Price Finishing Under 83.91
| SKY Stock | USD 100.08 1.94 1.98% |
Skyline |
Skyline Target Price Odds to finish below 83.91
The tendency of Skyline 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 $ 83.91 or more in 90 days |
| 100.08 | 90 days | 83.91 | near 1 |
Based on a normal probability distribution, the odds of Skyline to drop to $ 83.91 or more in 90 days from now is near 1 (This Skyline probability density function shows the probability of Skyline Stock to fall within a particular range of prices over 90 days) . Probability of Skyline price to stay between $ 83.91 and its current price of $100.08 at the end of the 90-day period is about 98.0 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.3 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Skyline will likely underperform. Additionally Skyline has an alpha of 0.0454, implying that it can generate a 0.0454 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Skyline Price Density |
| Price |
Predictive Modules for Skyline
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skyline. 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.Skyline Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Skyline is not an exception. The market had few large corrections towards the Skyline'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 Skyline, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Skyline within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 1.30 | |
σ | Overall volatility | 3.28 | |
Ir | Information ratio | 0.04 |
Skyline 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 Skyline for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Skyline can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Champion Homes Inc Shares Up 3.19 percent on Nov 21 |
Skyline 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 Skyline Stock often depends not only on the future outlook of the current and potential Skyline'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. Skyline's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58 M | |
| Cash And Short Term Investments | 495.1 M |
Skyline Technical Analysis
Skyline's future price can be derived by breaking down and analyzing its technical indicators over time. Skyline Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skyline. In general, you should focus on analyzing Skyline Stock price patterns and their correlations with different microeconomic environments and drivers.
Skyline Predictive Forecast Models
Skyline's time-series forecasting models is one of many Skyline'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 Skyline'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 Skyline
Checking the ongoing alerts about Skyline for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Skyline help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Champion Homes Inc Shares Up 3.19 percent on Nov 21 |
Additional Tools for Skyline Stock Analysis
When running Skyline's price analysis, check to measure Skyline'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 Skyline is operating at the current time. Most of Skyline's value examination focuses on studying past and present price action to predict the probability of Skyline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyline's price. Additionally, you may evaluate how the addition of Skyline to your portfolios can decrease your overall portfolio volatility.