Knight Transportation Stock Price Transform Typical Price
| KNX Stock | USD 56.21 0.20 0.36% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Knight Transportation Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Knight Transportation moving average lines.
Knight Transportation Technical Analysis Modules
Most technical analysis of Knight Transportation 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 Knight from various momentum indicators to cycle indicators. When you analyze Knight 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 Knight Transportation 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 Knight Transportation. We use our internally-developed statistical techniques to arrive at the intrinsic value of Knight Transportation based on widely used predictive technical indicators. In general, we focus on analyzing Knight Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Knight Transportation's daily price indicators and compare them against related drivers, such as price transform 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 Knight Transportation's intrinsic value. In addition to deriving basic predictive indicators for Knight Transportation, we also check how macroeconomic factors affect Knight Transportation 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) | Dividend Yield | 0.006286 | 0.009208 | 0.009809 | 0.0172 | Price To Sales Ratio | 1.69 | 1.14 | 1.3 | 1.24 |
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Knight Transportation 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 Knight Transportation 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 Knight Transportation will appreciate offsetting losses from the drop in the long position's value.Knight Transportation Pair Trading
Knight Transportation Pair Trading Analysis
The ability to find closely correlated positions to Knight Transportation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Knight Transportation 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 Knight Transportation - 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 Knight Transportation to buy it.
The correlation of Knight Transportation 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 Knight Transportation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Knight Transportation 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 Knight Transportation 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.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.