Skyworks Solutions Stock Market Value
| SWKS Stock | USD 92.51 2.79 3.11% |
| Symbol | Skyworks |
Skyworks Solutions Price To Book Ratio
Is Skyworks Solutions' 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 Skyworks Solutions. If investors know Skyworks 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 Skyworks Solutions 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 (0.22) | Dividend Share 2.66 | Earnings Share 5.31 | Revenue Per Share 28.413 | Quarterly Revenue Growth (0.09) |
The market value of Skyworks Solutions is measured differently than its book value, which is the value of Skyworks that is recorded on the company's balance sheet. Investors also form their own opinion of Skyworks Solutions' value that differs from its market value or its book value, called intrinsic value, which is Skyworks Solutions' 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 Skyworks Solutions' market value can be influenced by many factors that don't directly affect Skyworks Solutions' 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 Skyworks Solutions' value and its price as these two are different measures arrived at by different means. Investors typically determine if Skyworks Solutions is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skyworks Solutions' 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.
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.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Skyworks Solutions on April 4, 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 Microchip Technology, Lattice Semiconductor, Synaptics Incorporated, NXP Semiconductors, Texas Instruments, ON Semiconductor, and Analog Devices. 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 | (0.08) | |||
| Maximum Drawdown | 19.44 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.16 |
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 | (0.03) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Skyworks Solutions' 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.
Skyworks Solutions Backtested Returns
Skyworks Solutions owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0333, which indicates the firm had a -0.0333% return per unit of risk over the last 3 months. Skyworks Solutions exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skyworks Solutions' Risk Adjusted Performance of (0.03), variance of 6.85, and Coefficient Of Variation of (1,889) to confirm the risk estimate we provide. The entity has a beta of 1.91, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skyworks Solutions will likely underperform. Skyworks Solutions has an expected return of -0.0887%. Please make sure to validate Skyworks Solutions treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Skyworks Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Skyworks Solutions has modest predictability. Overlapping area represents the amount of predictability between Skyworks Solutions time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 0.51 indicates that about 51.0% of current Skyworks Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 36.33 |
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 |
Currently Active Assets on Macroaxis
| LAAC | Lithium Americas Corp | |
| F | Ford Motor | |
| CHPT | ChargePoint Holdings | |
| AXL | American Axle Manufacturing | |
| ICLN | iShares Global Clean |
Check out Skyworks Solutions Correlation, Skyworks Solutions Volatility and Skyworks Solutions Alpha and Beta module to complement your research on Skyworks Solutions. For more information on how to buy Skyworks Stock please use our How to Invest in Skyworks Solutions guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Skyworks Stock analysis
When running Skyworks Solutions' price analysis, check to measure Skyworks Solutions' 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 Skyworks Solutions is operating at the current time. Most of Skyworks Solutions' value examination focuses on studying past and present price action to predict the probability of Skyworks Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skyworks Solutions' price. Additionally, you may evaluate how the addition of Skyworks Solutions to your portfolios can decrease your overall portfolio volatility.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
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.