Saia Inc Stock Momentum Indicators Rate of change ratio
| SAIA Stock | USD 541.69 7.50 1.37% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Rate of change ratio: (price/prevPrice) indicator measures the change in Saia Inc price from one period to the next.
Saia Technical Analysis Modules
Most technical analysis of Saia help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Saia from various momentum indicators to cycle indicators. When you analyze Saia charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Saia Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Saia Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Saia Inc based on widely used predictive technical indicators. In general, we focus on analyzing Saia Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Saia's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Saia's intrinsic value. In addition to deriving basic predictive indicators for Saia, we also check how macroeconomic factors affect Saia price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 44.14 | 37.95 | 39.62 | 31.58 | PTB Ratio | 7.27 | 3.52 | 6.01 | 6.31 |
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Saia Inc pair trading
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 Saia 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 Saia will appreciate offsetting losses from the drop in the long position's value.Saia Pair Trading
Saia Inc Pair Trading Analysis
The ability to find closely correlated positions to Saia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saia 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 Saia - 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 Saia Inc to buy it.
The correlation of Saia 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 Saia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saia Inc 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 Saia 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Saia Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Cargo Ground Transportation 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 Saia. If investors know Saia 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 Saia 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 (0.06) | Earnings Share 14.03 | Revenue Per Share 118.876 | Quarterly Revenue Growth 0.086 | Return On Assets 0.111 |
The market value of Saia Inc is measured differently than its book value, which is the value of Saia that is recorded on the company's balance sheet. Investors also form their own opinion of Saia's value that differs from its market value or its book value, called intrinsic value, which is Saia'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 Saia's market value can be influenced by many factors that don't directly affect Saia'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 Saia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saia'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.