Skyworks Solutions Stock Forecast - Polynomial Regression

SWKS Stock  USD 97.07  0.93  0.97%   
The Polynomial Regression forecasted value of Skyworks Solutions on the next trading day is expected to be 93.60 with a mean absolute deviation of 2.75 and the sum of the absolute errors of 167.51. Skyworks Stock Forecast is based on your current time horizon.
  
At this time, Skyworks Solutions' Fixed Asset Turnover is comparatively stable compared to the past year. Asset Turnover is likely to gain to 0.97 in 2024, whereas Inventory Turnover is likely to drop 5.65 in 2024. . Net Income Applicable To Common Shares is likely to gain to about 1.5 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 123.8 M in 2024.
Most investors in Skyworks Solutions cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Skyworks Solutions' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Skyworks Solutions' price structures and extracts relationships that further increase the accuracy of the generated results. Skyworks Solutions polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Skyworks Solutions as well as the accuracy indicators are determined from the period prices.

Skyworks Solutions Polynomial Regression Price Forecast For the 10th of October

Given 90 days horizon, the Polynomial Regression forecasted value of Skyworks Solutions on the next trading day is expected to be 93.60 with a mean absolute deviation of 2.75, mean absolute percentage error of 13.12, and the sum of the absolute errors of 167.51.
Please note that although there have been many attempts to predict Skyworks Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Skyworks Solutions' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Skyworks Solutions Stock Forecast Pattern

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Skyworks Solutions Forecasted Value

In the context of forecasting Skyworks Solutions' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Skyworks Solutions' downside and upside margins for the forecasting period are 91.02 and 96.18, respectively. We have considered Skyworks Solutions' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
97.07
93.60
Expected Value
96.18
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Skyworks Solutions stock data series using in forecasting. Note that when a statistical model is used to represent Skyworks Solutions stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria120.685
BiasArithmetic mean of the errors None
MADMean absolute deviation2.746
MAPEMean absolute percentage error0.0264
SAESum of the absolute errors167.5056
A single variable polynomial regression model attempts to put a curve through the Skyworks Solutions historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Skyworks Solutions

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Skyworks Solutions. 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 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.
Hype
Prediction
LowEstimatedHigh
93.7296.3098.88
Details
Intrinsic
Valuation
LowRealHigh
86.53105.29107.87
Details
Bollinger
Band Projection (param)
LowMiddleHigh
94.4398.17101.91
Details
29 Analysts
Consensus
LowTargetHigh
109.39120.21133.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Skyworks Solutions. Your research has to be compared to or analyzed against Skyworks Solutions' peers to derive any actionable benefits. When done correctly, Skyworks Solutions' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Skyworks Solutions.

Other Forecasting Options for Skyworks Solutions

For every potential investor in Skyworks, whether a beginner or expert, Skyworks Solutions' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Skyworks Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Skyworks. Basic forecasting techniques help filter out the noise by identifying Skyworks Solutions' price trends.

Skyworks Solutions Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Skyworks Solutions stock to make a market-neutral strategy. Peer analysis of Skyworks Solutions could also be used in its relative valuation, which is a method of valuing Skyworks Solutions by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Skyworks Solutions Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Skyworks Solutions' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Skyworks Solutions' current price.

Skyworks Solutions Market Strength Events

Market strength indicators help investors to evaluate how Skyworks Solutions stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Skyworks Solutions shares will generate the highest return on investment. By undertsting and applying Skyworks Solutions stock market strength indicators, traders can identify Skyworks Solutions entry and exit signals to maximize returns.

Skyworks Solutions Risk Indicators

The analysis of Skyworks Solutions' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Skyworks Solutions' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting skyworks stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional 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.