Profund Advisors LLC Sells 691 Shares of Knight-Swift Transportation Holdings Inc.
| KNX Stock | USD 44.02 0.18 0.41% |
Slightly above 54% of Knight Transportation's investor base is interested to short. The current sentiment of investing in Knight Transportation suggests that many traders are impartial. Knight Transportation's investing sentiment can be driven by a variety of factors including economic data, Knight Transportation's earnings reports, geopolitical events, and overall market trends.
Profund Advisors LLC decreased its position in shares of Knight-Swift Transportation Holdings Inc. by 12.2 percent during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission . The fund owned 4,953 shares of the transportation companys stock after selling 691 shares during the quarter. Profund Advisors
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Knight Transportation Fundamental Analysis
We analyze Knight Transportation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Knight Transportation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Knight Transportation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Knight Transportation is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Knight Transportation Potential Pair-trading
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 Knight Transportation stock to make a market-neutral strategy. Peer analysis of Knight Transportation could also be used in its relative valuation, which is a method of valuing Knight Transportation by comparing valuation metrics with similar companies.
Peers
Knight Transportation Related Equities
| ULH | Universal Logistics | 1.61 | ||||
| MRTN | Marten Transport | 1.54 | ||||
| ARCB | ArcBest Corp | 0.20 | ||||
| CVLG | Covenant Logistics | 0.04 | ||||
| ODFL | Old Dominion | 0.52 | ||||
| HTLD | Heartland Express | 0.55 | ||||
| WERN | Werner Enterprises | 0.72 | ||||
| SNDR | Schneider National | 0.94 |
Additional 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.