AIR CHINA (Germany) Market Value
| AD2B Stock | EUR 11.60 0.30 2.52% |
| Symbol | AIR |
AIR CHINA '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 AIR CHINA's 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 AIR CHINA.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in AIR CHINA on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding AIR CHINA LTD or generate 0.0% return on investment in AIR CHINA over 360 days. AIR CHINA is related to or competes with Science Applications, INTERSHOP Communications, TERADATA, WillScot Mobile, MAVEN WIRELESS, MICRONIC MYDATA, and Entravision Communications. Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Ma... More
AIR CHINA 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 AIR CHINA's 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 AIR CHINA LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.158 | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 7.61 |
AIR CHINA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIR CHINA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIR CHINA's standard deviation. In reality, there are many statistical measures that can use AIR CHINA historical prices to predict the future AIR CHINA's volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 0.6984 | |||
| Total Risk Alpha | 0.0941 | |||
| Sortino Ratio | 0.1839 | |||
| Treynor Ratio | 4.14 |
AIR CHINA LTD Backtested Returns
AIR CHINA appears to be somewhat reliable, given 3 months investment horizon. AIR CHINA LTD secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By reviewing AIR CHINA's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of AIR CHINA's mean deviation of 2.8, and Risk Adjusted Performance of 0.1568 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AIR CHINA holds a performance score of 16. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AIR CHINA's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIR CHINA is expected to be smaller as well. Please check AIR CHINA's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether AIR CHINA's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
AIR CHINA LTD has insignificant predictability. Overlapping area represents the amount of predictability between AIR CHINA time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 AIR CHINA LTD price movement. The serial correlation of 0.15 indicates that less than 15.0% of current AIR CHINA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
AIR CHINA LTD lagged returns against current returns
Autocorrelation, which is AIR CHINA 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 AIR CHINA's stock expected returns. We can calculate the autocorrelation of AIR CHINA returns to help us make a trade decision. For example, suppose you find that AIR CHINA 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 |
AIR CHINA 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 AIR CHINA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIR CHINA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIR CHINA stock over time.
Current vs Lagged Prices |
| Timeline |
AIR CHINA Lagged Returns
When evaluating AIR CHINA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIR CHINA stock have on its future price. AIR CHINA 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, AIR CHINA autocorrelation shows the relationship between AIR CHINA stock current value and its past values and can show if there is a momentum factor associated with investing in AIR CHINA LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AIR Stock
AIR CHINA financial ratios help investors to determine whether AIR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AIR with respect to the benefits of owning AIR CHINA security.