Skechers Usa Stock Market Value
| SKX Stock | USD 61.01 1.24 2.07% |
| Symbol | Skechers |
Skechers USA Price To Book Ratio
Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skechers USA. If investors know Skechers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skechers USA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.355 | Earnings Share 4.06 | Revenue Per Share 57.098 | Quarterly Revenue Growth 0.159 | Return On Assets 0.0684 |
The market value of Skechers USA is measured differently than its book value, which is the value of Skechers that is recorded on the company's balance sheet. Investors also form their own opinion of Skechers USA's value that differs from its market value or its book value, called intrinsic value, which is Skechers USA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skechers USA's market value can be influenced by many factors that don't directly affect Skechers USA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skechers USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skechers USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skechers USA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Skechers USA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Skechers USA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Skechers USA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Skechers USA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Skechers USA or generate 0.0% return on investment in Skechers USA over 30 days. Skechers USA is related to or competes with Crocs, On Holding, Nike, Designer Brands, Deckers Outdoor, Steven Madden, and Wolverine World. Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children and performance ... More
Skechers USA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Skechers USA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Skechers USA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.33 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 3.71 |
Skechers USA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skechers USA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skechers USA's standard deviation. In reality, there are many statistical measures that can use Skechers USA historical prices to predict the future Skechers USA's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.31) |
Skechers USA Backtested Returns
Skechers USA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0853, which indicates the firm had a -0.0853% return per unit of risk over the last 3 months. Skechers USA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skechers USA's Coefficient Of Variation of (1,733), risk adjusted performance of (0.04), and Variance of 5.18 to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skechers USA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skechers USA is expected to be smaller as well. At this point, Skechers USA has a negative expected return of -0.19%. Please make sure to validate Skechers USA's value at risk, as well as the relationship between the rate of daily change and relative strength index , to decide if Skechers USA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Skechers USA has weak reverse predictability. Overlapping area represents the amount of predictability between Skechers USA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Skechers USA price movement. The serial correlation of -0.21 indicates that over 21.0% of current Skechers USA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
Skechers USA lagged returns against current returns
Autocorrelation, which is Skechers USA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Skechers USA's stock expected returns. We can calculate the autocorrelation of Skechers USA returns to help us make a trade decision. For example, suppose you find that Skechers USA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Skechers USA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Skechers USA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skechers USA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skechers USA stock over time.
Current vs Lagged Prices |
| Timeline |
Skechers USA Lagged Returns
When evaluating Skechers USA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skechers USA stock have on its future price. Skechers USA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Skechers USA autocorrelation shows the relationship between Skechers USA stock current value and its past values and can show if there is a momentum factor associated with investing in Skechers USA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.