Saia (Germany) Market Value
| SQR Stock | EUR 535.00 5.00 0.94% |
| Symbol | Saia |
Saia '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 Saia'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 Saia.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Saia on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Saia Inc or generate 0.0% return on investment in Saia over 540 days. Saia is related to or competes with Old Dominion, SCHNEIDER NATLINC, Seino Holdings, Fukuyama Transporting, and FirstGroup Plc. Saia, Inc., through its subsidiaries, operates as a transportation company in North America More
Saia 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 Saia'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 Saia Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.185 | |||
| Maximum Drawdown | 18.99 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 5.53 |
Saia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saia's standard deviation. In reality, there are many statistical measures that can use Saia historical prices to predict the future Saia's volatility.| Risk Adjusted Performance | 0.1766 | |||
| Jensen Alpha | 0.5502 | |||
| Total Risk Alpha | 0.2365 | |||
| Sortino Ratio | 0.2415 | |||
| Treynor Ratio | 0.4241 |
Saia Inc Backtested Returns
Saia appears to be very steady, given 3 months investment horizon. Saia Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Saia's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review Saia's Risk Adjusted Performance of 0.1766, coefficient of variation of 452.61, and Semi Deviation of 1.72 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Saia holds a performance score of 17. The entity has a beta of 1.78, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Saia will likely underperform. Please check Saia's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Saia's existing price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Saia Inc has virtually no predictability. Overlapping area represents the amount of predictability between Saia time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 Saia Inc price movement. The serial correlation of 0.01 indicates that just 1.0% of current Saia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 4304.35 |
Saia Inc lagged returns against current returns
Autocorrelation, which is Saia 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 Saia's stock expected returns. We can calculate the autocorrelation of Saia returns to help us make a trade decision. For example, suppose you find that Saia 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 |
Saia 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 Saia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saia stock over time.
Current vs Lagged Prices |
| Timeline |
Saia Lagged Returns
When evaluating Saia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saia stock have on its future price. Saia 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, Saia autocorrelation shows the relationship between Saia stock current value and its past values and can show if there is a momentum factor associated with investing in Saia Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Saia Stock
When determining whether Saia Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Saia's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Saia Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Saia Inc Stock:Check out Saia Correlation, Saia Volatility and Saia Alpha and Beta module to complement your research on Saia. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Saia 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.