Skechers Usa Stock Price Prediction
| SKX Stock | USD 63.71 0.75 1.19% |
Oversold Vs Overbought
43
Oversold | Overbought |
Quarterly Earnings Growth 0.355 | EPS Estimate Next Quarter 0.76 | EPS Estimate Current Year 4.2457 | EPS Estimate Next Year 4.9303 | Wall Street Target Price 82.0521 |
Using Skechers USA hype-based prediction, you can estimate the value of Skechers USA from the perspective of Skechers USA response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Skechers USA using Skechers USA's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Skechers using crowd psychology based on the activity and movement of Skechers USA's stock price.
Skechers USA Short Interest
An investor who is long Skechers USA may also wish to track short interest. As short interest increases, investors should be becoming more worried about Skechers USA and may potentially protect profits, hedge Skechers USA with its derivative instruments, or be ready for some potential downside.
200 Day MA 64.4314 | Short Percent 0.0696 | Short Ratio 2.75 | Shares Short Prior Month 5.6 M | 50 Day MA 63.523 |
Skechers USA Hype to Price Pattern
Investor biases related to Skechers USA's public news can be used to forecast risks associated with an investment in Skechers. The trend in average sentiment can be used to explain how an investor holding Skechers can time the market purely based on public headlines and social activities around Skechers USA. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Skechers USA's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Skechers USA.
Skechers USA Implied Volatility | 0.45 |
Skechers USA's implied volatility exposes the market's sentiment of Skechers USA stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Skechers USA's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Skechers USA stock will not fluctuate a lot when Skechers USA's options are near their expiration.
The fear of missing out, i.e., FOMO, can cause potential investors in Skechers USA to buy its stock at a price that has no basis in reality. In that case, they are not buying Skechers because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Skechers USA after-hype prediction price | USD 63.64 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Skechers contract
Based on the Rule 16, the options market is currently suggesting that Skechers USA will have an average daily up or down price movement of about 0.0281% per day over the life of the 2024-12-20 option contract. With Skechers USA trading at USD 63.71, that is roughly USD 0.0179 . If you think that the market is fully incorporating Skechers USA's daily price movement you should consider acquiring Skechers USA options at the current volatility level of 0.45%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Skechers |
Skechers USA After-Hype Price Prediction Density Analysis
As far as predicting the price of Skechers USA at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Skechers USA or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Skechers USA, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Skechers USA Estimiated After-Hype Price Volatility
In the context of predicting Skechers USA's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Skechers USA's historical news coverage. Skechers USA's after-hype downside and upside margins for the prediction period are 61.35 and 65.93, respectively. We have considered Skechers USA's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Skechers USA is very steady at this time. Analysis and calculation of next after-hype price of Skechers USA is based on 3 months time horizon.
Skechers USA Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Skechers USA is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Skechers USA backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Skechers USA, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.09 | 2.31 | 0.07 | 0.03 | 11 Events / Month | 3 Events / Month | In about 11 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
63.71 | 63.64 | 0.11 |
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Skechers USA Hype Timeline
On the 28th of November Skechers USA is traded for 63.71. The entity has historical hype elasticity of -0.07, and average elasticity to hype of competition of -0.03. Skechers is forecasted to decline in value after the next headline, with the price expected to drop to 63.64. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.11%, whereas the daily expected return is at this time at -0.09%. The volatility of related hype on Skechers USA is about 751.22%, with the expected price after the next announcement by competition of 63.68. About 96.0% of the company shares are owned by institutional investors. The book value of Skechers USA was at this time reported as 28.87. The company has Price/Earnings To Growth (PEG) ratio of 1.19. Skechers USA had not issued any dividends in recent years. The entity had 3:1 split on the 16th of October 2015. Considering the 90-day investment horizon the next forecasted press release will be in about 11 days. Check out Skechers USA Basic Forecasting Models to cross-verify your projections.Skechers USA Related Hype Analysis
Having access to credible news sources related to Skechers USA's direct competition is more important than ever and may enhance your ability to predict Skechers USA's future price movements. Getting to know how Skechers USA's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Skechers USA may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SHOO | Steven Madden | (0.33) | 12 per month | 0.00 | (0.08) | 2.96 | (2.75) | 8.41 | |
| CAL | Caleres | (0.63) | 11 per month | 0.00 | (0.17) | 4.17 | (5.21) | 20.00 | |
| WEYS | Weyco Group | (0.42) | 7 per month | 2.21 | (0) | 2.82 | (3.22) | 25.17 | |
| DBI | Designer Brands | 0.15 | 11 per month | 0.00 | (0.18) | 7.16 | (7.83) | 19.89 |
Skechers USA Additional Predictive Modules
Most predictive techniques to examine Skechers price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Skechers using various technical 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 Indicators
The successful prediction of Skechers USA stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Skechers USA, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Skechers USA based on analysis of Skechers USA hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Skechers USA's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Skechers USA's related companies. | 2023 | 2024 (projected) | Dividend Yield | 0.26 | 0.27 | Price To Sales Ratio | 1.2 | 0.66 |
Story Coverage note for Skechers USA
The number of cover stories for Skechers USA depends on current market conditions and Skechers USA's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Skechers USA is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Skechers USA's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Skechers USA Short Properties
Skechers USA's future price predictability will typically decrease when Skechers USA's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Skechers USA often depends not only on the future outlook of the potential Skechers USA'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. Skechers USA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 156.3 M | |
| Cash And Short Term Investments | 1.3 B |
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.