Air Canada (Germany) Price on November 1, 2023
| ADH2 Stock | 14.38 0.08 0.55% |
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. As of today, the current price of Air Canada stands at 14.38, as last reported on the 22nd of December, with the highest price reaching 14.43 and the lowest price hitting 14.16 during the day. Air Canada appears to be not too volatile, given 3 months investment horizon. Air Canada secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Air Canada's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of Air Canada's Downside Deviation of 2.45, risk adjusted performance of 0.1503, and Mean Deviation of 1.84 to double-check if our risk estimates are consistent with your expectations.
Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Air |
Sharpe Ratio = 0.1717
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Estimated Market Risk
| 2.95 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.51 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Air Canada is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Air Canada by adding it to a well-diversified portfolio.
Air Canada Valuation on November 1, 2023
It is possible to determine the worth of Air Canada on a given historical date. On November 1, 2023 Air was worth 11.31 at the beginning of the trading date compared to the closed value of 11.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Air Canada stock. Still, in general, we apply an absolute valuation method to find Air Canada's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Air Canada where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Air Canada's related companies.
| Open | High | Low | Close | Volume | |
| 11.17 | 11.50 | 11.13 | 11.44 | 1.00 | |
11/01/2023 | 11.31 | 11.35 | 11.28 | 11.28 | 1.00 |
| 11.27 | 11.73 | 11.22 | 11.73 | 1.00 |
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Air Canada Trading Date Momentum on November 1, 2023
| On November 02 2023 Air Canada was traded for 11.73 at the closing time. The highest price during the trading period was 11.73 and the lowest recorded bid was listed for 11.22 . There was no trading activity during the period 1.0. Lack of trading volume on November 2, 2023 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 3.99% . The overall trading delta to the current price is 7.62% . |
Air Canada Fundamentals Correlations and Trends
By evaluating Air Canada's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Air Canada's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Air financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Air Canada Stock history
Air Canada investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Air is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Air Canada will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Air Canada stock prices may prove useful in developing a viable investing in Air Canada
Air Canada Stock Technical Analysis
Air Canada 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.
Price Boundaries
Air Canada Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
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Air Canada December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Air Canada stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Air Canada shares will generate the highest return on investment. By undertsting and applying Air Canada stock market strength indicators, traders can identify Air Canada entry and exit signals to maximize returns
Air Canada Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Air Canada's price direction in advance. Along with the technical and fundamental analysis of Air Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Air to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1503 | |||
| Jensen Alpha | 0.5121 | |||
| Total Risk Alpha | 0.4397 | |||
| Sortino Ratio | 0.2045 | |||
| Treynor Ratio | 1.13 |
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Additional Tools for Air Stock Analysis
When running Air Canada's price analysis, check to measure Air Canada'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 Air Canada is operating at the current time. Most of Air Canada's value examination focuses on studying past and present price action to predict the probability of Air Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Canada's price. Additionally, you may evaluate how the addition of Air Canada to your portfolios can decrease your overall portfolio volatility.