Saker Aviation Services Stock Market Value
| SKAS Stock | USD 7.40 3.79 33.87% |
| Symbol | Saker |
Saker Aviation '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 Saker Aviation's otc 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 Saker Aviation.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Saker Aviation on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Saker Aviation Services or generate 0.0% return on investment in Saker Aviation over 30 days. Saker Aviation is related to or competes with Element Solutions, Orion Engineered, Minerals Technologies, Ingevity Corp, Hawkins, Crown Electrokinetics, and Core Molding. Saker Aviation Services, Inc., through its subsidiaries, operates in the aviation services segment of the general aviati... More
Saker Aviation 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 Saker Aviation's otc 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 Saker Aviation Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.41 |
Saker Aviation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saker Aviation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saker Aviation's standard deviation. In reality, there are many statistical measures that can use Saker Aviation historical prices to predict the future Saker Aviation's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | 1.61 |
Saker Aviation Services Backtested Returns
Saker Aviation Services owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0716, which indicates the firm had a -0.0716% return per unit of risk over the last 3 months. Saker Aviation Services exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saker Aviation's Coefficient Of Variation of (1,401), variance of 23.7, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saker Aviation are expected to decrease at a much lower rate. During the bear market, Saker Aviation is likely to outperform the market. At this point, Saker Aviation Services has a negative expected return of -0.35%. Please make sure to validate Saker Aviation's skewness, as well as the relationship between the day median price and relative strength index , to decide if Saker Aviation Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Saker Aviation Services has insignificant reverse predictability. Overlapping area represents the amount of predictability between Saker Aviation time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Saker Aviation Services price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Saker Aviation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Saker Aviation Services lagged returns against current returns
Autocorrelation, which is Saker Aviation otc 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 Saker Aviation's otc stock expected returns. We can calculate the autocorrelation of Saker Aviation returns to help us make a trade decision. For example, suppose you find that Saker Aviation has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Saker Aviation 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 Saker Aviation otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saker Aviation otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saker Aviation otc stock over time.
Current vs Lagged Prices |
| Timeline |
Saker Aviation Lagged Returns
When evaluating Saker Aviation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saker Aviation otc stock have on its future price. Saker Aviation 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, Saker Aviation autocorrelation shows the relationship between Saker Aviation otc stock current value and its past values and can show if there is a momentum factor associated with investing in Saker Aviation Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Saker OTC Stock Analysis
When running Saker Aviation's price analysis, check to measure Saker Aviation'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 Saker Aviation is operating at the current time. Most of Saker Aviation's value examination focuses on studying past and present price action to predict the probability of Saker Aviation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saker Aviation's price. Additionally, you may evaluate how the addition of Saker Aviation to your portfolios can decrease your overall portfolio volatility.