Skyworks Solutions (Brazil) Market Value
| S1SL34 Stock | BRL 258.30 6.64 2.51% |
| Symbol | Skyworks |
Skyworks Solutions '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 Skyworks Solutions' 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 Skyworks Solutions.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Skyworks Solutions on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Skyworks Solutions or generate 0.0% return on investment in Skyworks Solutions over 30 days. Skyworks Solutions is related to or competes with American Airlines, Spotify Technology, Paycom Software, Metalurgica Gerdau, CVS Health, and Unity Software. Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semic... More
Skyworks Solutions 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 Skyworks Solutions' 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 Skyworks Solutions upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 0.102 |
Skyworks Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skyworks Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skyworks Solutions' standard deviation. In reality, there are many statistical measures that can use Skyworks Solutions historical prices to predict the future Skyworks Solutions' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (3.47) |
Skyworks Solutions Backtested Returns
Skyworks Solutions owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Skyworks Solutions exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skyworks Solutions' Variance of 3.17, risk adjusted performance of (0.07), and Coefficient Of Variation of (959.60) to confirm the risk estimate we provide. The entity has a beta of 0.0563, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Skyworks Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Skyworks Solutions is expected to be smaller as well. At this point, Skyworks Solutions has a negative expected return of -0.2%. Please make sure to validate Skyworks Solutions' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Skyworks Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Skyworks Solutions has poor reverse predictability. Overlapping area represents the amount of predictability between Skyworks Solutions time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Skyworks Solutions price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Skyworks Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 65.13 |
Skyworks Solutions lagged returns against current returns
Autocorrelation, which is Skyworks Solutions 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 Skyworks Solutions' stock expected returns. We can calculate the autocorrelation of Skyworks Solutions returns to help us make a trade decision. For example, suppose you find that Skyworks Solutions 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 |
Skyworks Solutions 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 Skyworks Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skyworks Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skyworks Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Skyworks Solutions Lagged Returns
When evaluating Skyworks Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skyworks Solutions stock have on its future price. Skyworks Solutions 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, Skyworks Solutions autocorrelation shows the relationship between Skyworks Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Skyworks Solutions.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Skyworks Stock
When determining whether Skyworks Solutions is a strong investment it is important to analyze Skyworks Solutions' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Skyworks Solutions' future performance. For an informed investment choice regarding Skyworks Stock, refer to the following important reports:Check out Skyworks Solutions Correlation, Skyworks Solutions Volatility and Skyworks Solutions Alpha and Beta module to complement your research on Skyworks Solutions. For information on how to trade Skyworks Stock refer to our How to Trade Skyworks Stock guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Skyworks Solutions technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.