Skechers USA Stock Forecast - Day Typical Price
| SKX Stock | USD 65.41 6.59 11.20% |
Skechers Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Skechers USA stock prices and determine the direction of Skechers USA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Skechers USA's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Skechers USA's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Skechers USA's systematic risk associated with finding meaningful patterns of Skechers USA fundamentals over time.
Check out Historical Fundamental Analysis of Skechers USA to cross-verify your projections. Skechers |
Open Interest Against 2024-05-17 Skechers Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Skechers USA's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Skechers USA's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Skechers USA stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Skechers USA's open interest, investors have to compare it to Skechers USA's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Skechers USA is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Skechers. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Skechers USA cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Skechers USA's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Skechers USA's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 66.5 | 66.5 |
| Check Skechers USA Volatility | Backtest Skechers USA | Information Ratio |
Skechers USA Trading Date Momentum
| On April 28 2024 Skechers USA was traded for 65.41 at the closing time. Highest Skechers USA's price during the trading hours was 69.07 and the lowest price during the day was 65.03 . There was no trading activity during the period 0.0. Lack of trading volume on the 28th of April did not result in any price rise and fall. The trading price change to current price is 2.75% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Skechers USA to competition |
Other Forecasting Options for Skechers USA
For every potential investor in Skechers, whether a beginner or expert, Skechers USA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Skechers Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Skechers. Basic forecasting techniques help filter out the noise by identifying Skechers USA's price trends.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 Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Skechers USA's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Skechers USA's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
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 | 1.38 | |||
| Semi Deviation | 2.37 | |||
| Standard Deviation | 2.32 | |||
| Variance | 5.37 | |||
| Downside Variance | 6.67 | |||
| Semi Variance | 5.62 | |||
| Expected Short fall | (1.32) |
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.
Currently Active Assets on Macroaxis
When determining whether Skechers USA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skechers USA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skechers Usa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skechers Usa Stock:Check out Historical Fundamental Analysis of Skechers USA to cross-verify your projections. For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary 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.
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Is Skechers USA's industry 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 0.304 | Earnings Share 3.49 | Revenue Per Share 53.579 | Quarterly Revenue Growth 0.125 | Return On Assets 0.0737 |
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.