Saudi American Holdings Stock Market Value
| SAHN Stock | USD 0.0001 0.00 0.00% |
| Symbol | Saudi |
Is Internet Software & Services (discontinued effective close of September 28, 2018) space 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 Saudi American. If investors know Saudi 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 Saudi American 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 5.933 | Quarterly Revenue Growth 3.072 |
The market value of Saudi American Holdings is measured differently than its book value, which is the value of Saudi that is recorded on the company's balance sheet. Investors also form their own opinion of Saudi American's value that differs from its market value or its book value, called intrinsic value, which is Saudi American'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 Saudi American's market value can be influenced by many factors that don't directly affect Saudi American'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 Saudi American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saudi American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saudi American'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.
Saudi American '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 Saudi American'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 Saudi American.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Saudi American on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Saudi American Holdings or generate 0.0% return on investment in Saudi American over 540 days. Saudi American is related to or competes with Dennys Corp, Cracker Barrel, BorgWarner, Marine Products, Bt Brands, Magna International, and Visteon Corp. Saudi American Holdings Corp. is a holding company which through its subsidiaries provides overland shipping and logisti... More
Saudi American 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 Saudi American'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 Saudi American Holdings upside and downside potential and time the market with a certain degree of confidence.
Saudi American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saudi American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saudi American's standard deviation. In reality, there are many statistical measures that can use Saudi American historical prices to predict the future Saudi American's volatility.Saudi American Holdings Backtested Returns
We have found three technical indicators for Saudi American Holdings, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Saudi American are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Saudi American Holdings has no correlation between past and present. Overlapping area represents the amount of predictability between Saudi American time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Saudi American Holdings price movement. The serial correlation of 0.0 indicates that just 0.0% of current Saudi American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saudi American Holdings lagged returns against current returns
Autocorrelation, which is Saudi American 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 Saudi American's stock expected returns. We can calculate the autocorrelation of Saudi American returns to help us make a trade decision. For example, suppose you find that Saudi American 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 |
Saudi American 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 Saudi American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saudi American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saudi American stock over time.
Current vs Lagged Prices |
| Timeline |
Saudi American Lagged Returns
When evaluating Saudi American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saudi American stock have on its future price. Saudi American 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, Saudi American autocorrelation shows the relationship between Saudi American stock current value and its past values and can show if there is a momentum factor associated with investing in Saudi American Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Saudi American
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Saudi American position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Saudi American will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Saudi American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saudi American when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Saudi American - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Saudi American Holdings to buy it.
The correlation of Saudi American is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Saudi American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saudi American Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Saudi American can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Saudi American Correlation, Saudi American Volatility and Saudi American Alpha and Beta module to complement your research on Saudi American. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Saudi American 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.