Saker Aviation Services Stock Market Value

SKAS Stock  USD 8.37  0.03  0.36%   
Saker Aviation's market value is the price at which a share of Saker Aviation trades on a public exchange. It measures the collective expectations of Saker Aviation Services investors about its performance. Saker Aviation is selling for under 8.37 as of the 29th of March 2024; that is -0.36 percent decrease since the beginning of the trading day. The stock's lowest day price was 8.37.
With this module, you can estimate the performance of a buy and hold strategy of Saker Aviation Services and determine expected loss or profit from investing in Saker Aviation over a given investment horizon. Check out Saker Aviation Correlation, Saker Aviation Volatility and Saker Aviation Alpha and Beta module to complement your research on Saker Aviation.
Symbol

Please note, there is a significant difference between Saker Aviation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saker Aviation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saker Aviation'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.

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.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Saker Aviation on February 28, 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 Sun Life, Roth CH, Glucose Health, and Vyne Therapeutics. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Saker Aviation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.000.002.44
Details
Intrinsic
Valuation
LowRealHigh
0.000.002.44
Details
Naive
Forecast
LowNextHigh
5.738.1710.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.278.518.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Saker Aviation. Your research has to be compared to or analyzed against Saker Aviation's peers to derive any actionable benefits. When done correctly, Saker Aviation's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Saker Aviation Services.

Saker Aviation Services Backtested Returns

We consider Saker Aviation out of control. Saker Aviation Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0509, which indicates the firm had a 0.0509% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Saker Aviation Services, which you can use to evaluate the volatility of the company. Please validate Saker Aviation's Semi Deviation of 1.99, coefficient of variation of 1259.28, and Risk Adjusted Performance of 0.0518 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Saker Aviation has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -1.06, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Saker Aviation are expected to decrease slowly. On the other hand, during market turmoil, Saker Aviation is expected to outperform it slightly. Saker Aviation Services right now has a risk of 2.44%. Please validate Saker Aviation maximum drawdown, as well as the relationship between the expected short fall and day median price , to decide if Saker Aviation will be following its existing price patterns.

Auto-correlation

    
  -0.1  

Very weak reverse predictability

Saker Aviation Services has very weak reverse predictability. Overlapping area represents the amount of predictability between Saker Aviation time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 -0.1 indicates that less than 10.0% of current Saker Aviation price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.01

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   
       Timeline  

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Saker Aviation in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Saker Aviation's short interest history, or implied volatility extrapolated from Saker Aviation options trading.

Currently Active Assets on Macroaxis

Check out Saker Aviation Correlation, Saker Aviation Volatility and Saker Aviation Alpha and Beta module to complement your research on Saker Aviation.
Note that the Saker Aviation Services information on this page should be used as a complementary analysis to other Saker Aviation's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary 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.
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Saker Aviation technical otc 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, otc market cycles, or different charting patterns.
A focus of Saker Aviation technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Saker Aviation trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...