Knight Transportation Stock Market Value
| KNX Stock | USD 48.53 2.25 4.43% |
| Symbol | Knight |
Knight Transportation Price To Book Ratio
Is Knight Transportation's 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 Knight Transportation. If investors know Knight 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 Knight Transportation 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 (0.69) | Dividend Share 0.56 | Earnings Share 1.34 | Revenue Per Share 44.307 | Quarterly Revenue Growth 0.108 |
The market value of Knight Transportation is measured differently than its book value, which is the value of Knight that is recorded on the company's balance sheet. Investors also form their own opinion of Knight Transportation's value that differs from its market value or its book value, called intrinsic value, which is Knight Transportation's 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 Knight Transportation's market value can be influenced by many factors that don't directly affect Knight Transportation's 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 Knight Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knight Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knight Transportation's 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.
Knight Transportation '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 Knight Transportation's 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 Knight Transportation.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Knight Transportation on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Knight Transportation or generate 0.0% return on investment in Knight Transportation over 30 days. Knight Transportation is related to or competes with Marten Transport, Werner Enterprises, and Heartland Express. Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in... More
Knight Transportation 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 Knight Transportation's 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 Knight Transportation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.63 |
Knight Transportation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knight Transportation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knight Transportation's standard deviation. In reality, there are many statistical measures that can use Knight Transportation historical prices to predict the future Knight Transportation's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Knight Transportation'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.
Knight Transportation Backtested Returns
Knight Transportation has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Knight Transportation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Knight Transportation's Mean Deviation of 1.22, standard deviation of 1.62, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.1, which conveys a somewhat significant risk relative to the market. Knight Transportation returns are very sensitive to returns on the market. As the market goes up or down, Knight Transportation is expected to follow. Knight Transportation has an expected return of -0.18%. Please make sure to verify Knight Transportation standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Knight Transportation performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Knight Transportation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Knight Transportation time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 Knight Transportation price movement. The serial correlation of -0.72 indicates that around 72.0% of current Knight Transportation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.63 |
Knight Transportation lagged returns against current returns
Autocorrelation, which is Knight Transportation 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 Knight Transportation's stock expected returns. We can calculate the autocorrelation of Knight Transportation returns to help us make a trade decision. For example, suppose you find that Knight Transportation 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 |
Knight Transportation 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 Knight Transportation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knight Transportation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knight Transportation stock over time.
Current vs Lagged Prices |
| Timeline |
Knight Transportation Lagged Returns
When evaluating Knight Transportation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knight Transportation stock have on its future price. Knight Transportation 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, Knight Transportation autocorrelation shows the relationship between Knight Transportation stock current value and its past values and can show if there is a momentum factor associated with investing in Knight Transportation.
Regressed Prices |
| Timeline |
Knight Transportation Investors Sentiment
The influence of Knight Transportation's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Knight. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Knight Transportation's public news can be used to forecast risks associated with an investment in Knight. The trend in average sentiment can be used to explain how an investor holding Knight can time the market purely based on public headlines and social activities around Knight Transportation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Knight Transportation's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Knight Transportation's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Knight Transportation's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Knight Transportation.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Knight Transportation in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Knight Transportation's short interest history, or implied volatility extrapolated from Knight Transportation options trading.
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Complementary Tools for Knight Stock analysis
When running Knight Transportation's price analysis, check to measure Knight Transportation'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 Knight Transportation is operating at the current time. Most of Knight Transportation's value examination focuses on studying past and present price action to predict the probability of Knight Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knight Transportation's price. Additionally, you may evaluate how the addition of Knight Transportation to your portfolios can decrease your overall portfolio volatility.
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Knight Transportation 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.