Skechers Usa Stock Statistic Functions Beta
| SKX Stock | USD 67.78 0.29 0.43% |
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Beta measures systematic risk based on how returns on Skechers USA correlated with the market. If Beta is less than 0 Skechers USA generally moves in the opposite direction as compared to the market. If Skechers USA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Skechers USA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Skechers USA is generally in the same direction as the market. If Beta > 1 Skechers USA moves generally in the same direction as, but more than the movement of the benchmark.
Skechers USA Technical Analysis Modules
Most technical analysis of Skechers USA help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Skechers from various momentum indicators to cycle 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 | ||
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About Skechers USA Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Skechers USA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Skechers USA based on widely used predictive technical indicators. In general, we focus on analyzing Skechers Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Skechers USA's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Skechers USA's intrinsic value. In addition to deriving basic predictive indicators for Skechers USA, we also check how macroeconomic factors affect Skechers USA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Dividend Yield | 0.26 | 0.27 | Price To Sales Ratio | 1.2 | 0.66 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skechers USA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Skechers USA pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Skechers USA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Skechers USA will appreciate offsetting losses from the drop in the long position's value.Skechers USA Pair Trading
Skechers USA Pair Trading Analysis
The ability to find closely correlated positions to Skechers USA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skechers USA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Skechers USA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Skechers USA to buy it.
The correlation of Skechers USA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skechers USA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skechers USA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Skechers USA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skechers USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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 3.8 | Revenue Per Share 53.579 | Quarterly Revenue Growth 0.125 | Return On Assets 0.0738 |
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.