Skywest Stock Odds of Future Stock Price Finishing Under 112.19
| SKYW Stock | USD 103.33 1.16 1.14% |
SkyWest |
SkyWest Target Price Odds to finish below 112.19
The tendency of SkyWest 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 stay under $ 112.19 after 90 days |
| 103.33 | 90 days | 112.19 | about 86.23 |
Based on a normal probability distribution, the odds of SkyWest to stay under $ 112.19 after 90 days from now is about 86.23 (This SkyWest probability density function shows the probability of SkyWest Stock to fall within a particular range of prices over 90 days) . Probability of SkyWest price to stay between its current price of $ 103.33 and $ 112.19 at the end of the 90-day period is about 25.72 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.86 . 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, SkyWest will likely underperform. Additionally SkyWest has an alpha of 0.293, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). SkyWest Price Density |
| Price |
Predictive Modules for SkyWest
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SkyWest. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SkyWest'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.
SkyWest Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SkyWest is not an exception. The market had few large corrections towards the SkyWest'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 SkyWest, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SkyWest within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | 1.86 | |
σ | Overall volatility | 10.73 | |
Ir | Information ratio | 0.16 |
SkyWest 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 SkyWest for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SkyWest can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SkyWest has a poor financial position based on the latest SEC disclosures | |
| Over 91.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Acquisition by Welch James L of 2000 shares of SkyWest at 18.95 subject to Rule 16b-3 |
SkyWest 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 SkyWest Stock often depends not only on the future outlook of the current and potential SkyWest'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. SkyWest's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 44.6 M | |
| Cash And Short Term Investments | 835.2 M |
SkyWest Technical Analysis
SkyWest's future price can be derived by breaking down and analyzing its technical indicators over time. SkyWest Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SkyWest. In general, you should focus on analyzing SkyWest Stock price patterns and their correlations with different microeconomic environments and drivers.
SkyWest Predictive Forecast Models
SkyWest's time-series forecasting models is one of many SkyWest'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 SkyWest'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 SkyWest
Checking the ongoing alerts about SkyWest for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SkyWest help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SkyWest has a poor financial position based on the latest SEC disclosures | |
| Over 91.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Acquisition by Welch James L of 2000 shares of SkyWest at 18.95 subject to Rule 16b-3 |
Additional Tools for SkyWest Stock Analysis
When running SkyWest's price analysis, check to measure SkyWest'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 SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.