Saker Aviation Services Stock Market Value
SKAS Stock | USD 8.37 0.03 0.36% |
Symbol | Saker |
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.
02/28/2024 |
| 03/29/2024 |
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.
Downside Deviation | 3.53 | |||
Information Ratio | 0.0242 | |||
Maximum Drawdown | 14.77 | |||
Value At Risk | (4.11) | |||
Potential Upside | 4.13 |
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.Risk Adjusted Performance | 0.0518 | |||
Jensen Alpha | 0.3164 | |||
Total Risk Alpha | (0.37) | |||
Sortino Ratio | 0.0167 | |||
Treynor Ratio | (0.17) |
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.
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 Average | 0.0 | |
Price Variance | 0.01 |
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.
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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.