Knight Transportation Stock Forecast - Daily Balance Of Power
| KNX Stock | USD 59.36 0.27 0.46% |
Knight Stock Forecast is based on your current time horizon.
Knight |
Open Interest Against 2024-12-20 Knight Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Knight Transportation's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Knight Transportation's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Knight Transportation stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Knight Transportation's open interest, investors have to compare it to Knight Transportation's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Knight Transportation is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Knight. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.9793 | 0.1481 |
| Check Knight Transportation Volatility | Backtest Knight Transportation | Trend Details |
Knight Transportation Trading Date Momentum
| On October 24 2024 Knight Transportation was traded for 51.94 at the closing time. Highest Knight Transportation's price during the trading hours was 53.65 and the lowest price during the day was 50.69 . The net volume was 3.8 M. The overall trading history on the 24th of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.52% . The trading delta at closing time to current price is 0.17% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Knight Transportation
For every potential investor in Knight, whether a beginner or expert, Knight Transportation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Knight Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Knight. Basic forecasting techniques help filter out the noise by identifying Knight Transportation's price trends.Knight Transportation Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Knight Transportation stock to make a market-neutral strategy. Peer analysis of Knight Transportation could also be used in its relative valuation, which is a method of valuing Knight Transportation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Knight Transportation Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Knight Transportation's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Knight Transportation's current price.| Cycle Indicators | ||
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| Volume Indicators |
Knight Transportation Market Strength Events
Market strength indicators help investors to evaluate how Knight Transportation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Knight Transportation shares will generate the highest return on investment. By undertsting and applying Knight Transportation stock market strength indicators, traders can identify Knight Transportation entry and exit signals to maximize returns.
Knight Transportation Risk Indicators
The analysis of Knight Transportation's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Knight Transportation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting knight stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.46 | |||
| Semi Deviation | 1.59 | |||
| Standard Deviation | 1.9 | |||
| Variance | 3.61 | |||
| Downside Variance | 3.05 | |||
| Semi Variance | 2.53 | |||
| Expected Short fall | (1.55) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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.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.