Knight Transportation Stock Market Value
| KNX Stock | USD 59.09 0.50 0.84% |
| Symbol | Knight |
Knight Transportation Price To Book Ratio
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 Knight Transportation. If investors know Knight 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 Knight Transportation 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 (0.49) | Dividend Share 0.62 | Earnings Share 0.23 | Revenue Per Share 46.27 | Quarterly Revenue Growth (0.07) |
The market value of Knight Transportation is measured differently than its book value, which is the value of Knight that is recorded on the company's balance sheet. Investors also form their own opinion of Knight Transportation's value that differs from its market value or its book value, called intrinsic value, which is Knight Transportation'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 Knight Transportation's market value can be influenced by many factors that don't directly affect Knight Transportation'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 Knight Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knight Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knight Transportation'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.
Knight Transportation '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 Knight Transportation'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 Knight Transportation.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Knight Transportation on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Knight Transportation or generate 0.0% return on investment in Knight Transportation over 720 days. Knight Transportation is related to or competes with Marten Transport, Heartland Express, Universal Logistics, Schneider National, Covenant Logistics, Werner Enterprises, and Old Dominion. Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in... More
Knight Transportation 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 Knight Transportation'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 Knight Transportation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0541 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.55 |
Knight Transportation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Knight Transportation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Knight Transportation's standard deviation. In reality, there are many statistical measures that can use Knight Transportation historical prices to predict the future Knight Transportation's volatility.| Risk Adjusted Performance | 0.0979 | |||
| Jensen Alpha | 0.069 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.059 | |||
| Treynor Ratio | 0.1687 |
Knight Transportation Backtested Returns
Knight Transportation appears to be very steady, given 3 months investment horizon. Knight Transportation has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Knight Transportation, which you can use to evaluate the volatility of the firm. Please exercise Knight Transportation's Downside Deviation of 1.75, mean deviation of 1.47, and Risk Adjusted Performance of 0.0979 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Knight Transportation holds a performance score of 8. The company secures a Beta (Market Risk) of 1.29, which conveys 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, Knight Transportation will likely underperform. Please check Knight Transportation's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Knight Transportation's current price movements will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Knight Transportation has virtually no predictability. Overlapping area represents the amount of predictability between Knight Transportation time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 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 Knight Transportation price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Knight Transportation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 12.7 |
Knight Transportation lagged returns against current returns
Autocorrelation, which is Knight Transportation 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 Knight Transportation's stock expected returns. We can calculate the autocorrelation of Knight Transportation returns to help us make a trade decision. For example, suppose you find that Knight Transportation 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 |
Knight Transportation 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 Knight Transportation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Knight Transportation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Knight Transportation stock over time.
Current vs Lagged Prices |
| Timeline |
Knight Transportation Lagged Returns
When evaluating Knight Transportation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Knight Transportation stock have on its future price. Knight Transportation 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, Knight Transportation autocorrelation shows the relationship between Knight Transportation stock current value and its past values and can show if there is a momentum factor associated with investing in Knight Transportation.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.