Saia Correlations
| SAIA Stock | USD 304.42 16.62 5.77% |
The current 90-days correlation between Saia Inc and Old Dominion Freight is -0.24 (i.e., Very good diversification). The correlation of Saia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Saia Correlation With Market
Weak diversification
The correlation between Saia Inc and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Saia Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving against Saia Stock
Related Correlations Analysis
| 0.58 | 0.6 | 0.32 | 0.82 | 0.76 | ODFL | ||
| 0.58 | 0.52 | 0.7 | 0.81 | 0.63 | ARCB | ||
| 0.6 | 0.52 | 0.66 | 0.65 | 0.72 | MRTN | ||
| 0.32 | 0.7 | 0.66 | 0.46 | 0.57 | WERN | ||
| 0.82 | 0.81 | 0.65 | 0.46 | 0.83 | KNX | ||
| 0.76 | 0.63 | 0.72 | 0.57 | 0.83 | HTLD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Saia Stock performing well and Saia Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Saia's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ODFL | 1.74 | 0.20 | (0.02) | (0.26) | 2.19 | 3.79 | 15.17 | |||
| ARCB | 2.59 | 0.18 | 0.14 | 0.25 | 2.49 | 6.05 | 18.84 | |||
| MRTN | 1.32 | (0.13) | (0.09) | 0.03 | 1.35 | 3.37 | 8.95 | |||
| WERN | 1.81 | (0.11) | (0.03) | 0.07 | 2.49 | 4.19 | 14.28 | |||
| KNX | 1.66 | (0.01) | 0.06 | 0.17 | 1.54 | 3.89 | 13.69 | |||
| HTLD | 1.86 | (0.06) | (0.02) | 0.11 | 1.85 | 4.30 | 14.53 |
Saia Corporate Management
| Kelly Benton | VP Controller | Profile | |
| Douglas Col | Treasurer | Profile | |
| Raymond Ramu | Chief Customer Officer | Profile | |
| Patrick Sugar | Executive Operations | Profile | |
| Anthony Norwood | Executive Officer | Profile | |
| Rohit Lal | Executive Officer | Profile |