Aimia Inc Stock Market Value
| AIM Stock | CAD 2.59 0.09 3.60% |
| Symbol | Aimia |
Aimia Inc Price To Book Ratio
Aimia '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 Aimia'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 Aimia.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Aimia on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Aimia Inc or generate 0.0% return on investment in Aimia over 720 days. Aimia is related to or competes with Autocanada, Corus Entertainment, Element Fleet, and Dorel Industries. Aimia Inc., an investment holding company, focuses on long-term investments in public and private companies More
Aimia 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 Aimia'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 Aimia Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.95 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.52 |
Aimia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aimia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aimia's standard deviation. In reality, there are many statistical measures that can use Aimia historical prices to predict the future Aimia's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.0427 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3921 |
Aimia Inc Backtested Returns
As of now, Aimia Stock is relatively risky. Aimia Inc secures Sharpe Ratio (or Efficiency) of 0.0189, which signifies that the company had a 0.0189% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aimia Inc, which you can use to evaluate the volatility of the firm. Please confirm Aimia's Mean Deviation of 1.54, risk adjusted performance of 0.0342, and Downside Deviation of 2.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.036%. Aimia has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aimia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aimia is expected to be smaller as well. Aimia Inc right now shows a risk of 1.9%. Please confirm Aimia Inc jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Aimia Inc will be following its price patterns.
Auto-correlation | 0.64 |
Good predictability
Aimia Inc has good predictability. Overlapping area represents the amount of predictability between Aimia time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Aimia Inc price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Aimia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Aimia Inc lagged returns against current returns
Autocorrelation, which is Aimia 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 Aimia's stock expected returns. We can calculate the autocorrelation of Aimia returns to help us make a trade decision. For example, suppose you find that Aimia 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 |
Aimia 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 Aimia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aimia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aimia stock over time.
Current vs Lagged Prices |
| Timeline |
Aimia Lagged Returns
When evaluating Aimia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aimia stock have on its future price. Aimia 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, Aimia autocorrelation shows the relationship between Aimia stock current value and its past values and can show if there is a momentum factor associated with investing in Aimia Inc.
Regressed Prices |
| Timeline |
Pair Trading with Aimia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aimia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aimia will appreciate offsetting losses from the drop in the long position's value.Moving against Aimia Stock
| 0.68 | IMP | Intermap Technologies | PairCorr |
| 0.56 | MIN | Excelsior Mining Corp | PairCorr |
| 0.47 | TPX-B | Molson Coors Canada | PairCorr |
The ability to find closely correlated positions to Aimia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aimia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aimia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aimia Inc to buy it.
The correlation of Aimia 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aimia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aimia Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aimia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Aimia Stock
Aimia financial ratios help investors to determine whether Aimia 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 Aimia with respect to the benefits of owning Aimia security.