Saga Communications Stock Market Value
| SGA Stock | USD 12.08 0.49 3.90% |
| Symbol | Saga |
Saga Communications Price To Book Ratio
Is Broadcasting 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 Saga Communications. If investors know Saga 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 Saga Communications 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 (0.55) | Dividend Share 1.6 | Earnings Share 1 | Revenue Per Share 18.219 | Quarterly Revenue Growth (0.04) |
The market value of Saga Communications is measured differently than its book value, which is the value of Saga that is recorded on the company's balance sheet. Investors also form their own opinion of Saga Communications' value that differs from its market value or its book value, called intrinsic value, which is Saga Communications' 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 Saga Communications' market value can be influenced by many factors that don't directly affect Saga Communications' 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 Saga Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Saga Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saga Communications' 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.
Saga Communications '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 Saga Communications' 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 Saga Communications.
| 10/14/2024 |
| 11/13/2024 |
If you would invest 0.00 in Saga Communications on October 14, 2024 and sell it all today you would earn a total of 0.00 from holding Saga Communications or generate 0.0% return on investment in Saga Communications over 30 days. Saga Communications is related to or competes with E W, and Gray Television. Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United Stat... More
Saga Communications 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 Saga Communications' 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 Saga Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 6.67 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 1.96 |
Saga Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saga Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saga Communications' standard deviation. In reality, there are many statistical measures that can use Saga Communications historical prices to predict the future Saga Communications' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.66) |
Saga Communications Backtested Returns
Saga Communications owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. Saga Communications exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saga Communications' Variance of 1.88, risk adjusted performance of (0.13), and Coefficient Of Variation of (576.31) to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Saga Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Saga Communications is expected to be smaller as well. At this point, Saga Communications has a negative expected return of -0.29%. Please make sure to validate Saga Communications' treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Saga Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Saga Communications has modest reverse predictability. Overlapping area represents the amount of predictability between Saga Communications time series from 14th of October 2024 to 29th of October 2024 and 29th of October 2024 to 13th 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 Saga Communications price movement. The serial correlation of -0.48 indicates that about 48.0% of current Saga Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Saga Communications lagged returns against current returns
Autocorrelation, which is Saga Communications 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 Saga Communications' stock expected returns. We can calculate the autocorrelation of Saga Communications returns to help us make a trade decision. For example, suppose you find that Saga Communications 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 |
Saga Communications 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 Saga Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saga Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saga Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Saga Communications Lagged Returns
When evaluating Saga Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saga Communications stock have on its future price. Saga Communications 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, Saga Communications autocorrelation shows the relationship between Saga Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Saga Communications.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Saga Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Saga Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Saga Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Saga Communications Stock:Check out Saga Communications Correlation, Saga Communications Volatility and Saga Communications Alpha and Beta module to complement your research on Saga Communications. For information on how to trade Saga Stock refer to our How to Trade Saga Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Saga Communications technical 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, stock market cycles, or different charting patterns.