Aerostar Bacau (Romania) Market Value
| ARS Stock | 8.60 0.16 1.83% |
| Symbol | Aerostar |
Please note, there is a significant difference between Aerostar Bacau's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aerostar Bacau is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerostar Bacau's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Aerostar Bacau '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 Aerostar Bacau'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 Aerostar Bacau.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Aerostar Bacau on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Aerostar Bacau or generate 0.0% return on investment in Aerostar Bacau over 30 days. More
Aerostar Bacau 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 Aerostar Bacau'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 Aerostar Bacau upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 2.12 |
Aerostar Bacau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aerostar Bacau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aerostar Bacau's standard deviation. In reality, there are many statistical measures that can use Aerostar Bacau historical prices to predict the future Aerostar Bacau's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.24) |
Aerostar Bacau Backtested Returns
Aerostar Bacau secures Sharpe Ratio (or Efficiency) of -0.0409, which signifies that the company had a -0.0409% return per unit of risk over the last 3 months. Aerostar Bacau exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aerostar Bacau's Mean Deviation of 1.12, risk adjusted performance of (0.02), and Standard Deviation of 1.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aerostar Bacau's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aerostar Bacau is expected to be smaller as well. At this point, Aerostar Bacau has a negative expected return of -0.0754%. Please make sure to confirm Aerostar Bacau's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Aerostar Bacau performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Aerostar Bacau has modest predictability. Overlapping area represents the amount of predictability between Aerostar Bacau time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Aerostar Bacau price movement. The serial correlation of 0.51 indicates that about 51.0% of current Aerostar Bacau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Aerostar Bacau lagged returns against current returns
Autocorrelation, which is Aerostar Bacau 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 Aerostar Bacau's stock expected returns. We can calculate the autocorrelation of Aerostar Bacau returns to help us make a trade decision. For example, suppose you find that Aerostar Bacau 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 |
Aerostar Bacau 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 Aerostar Bacau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aerostar Bacau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aerostar Bacau stock over time.
Current vs Lagged Prices |
| Timeline |
Aerostar Bacau Lagged Returns
When evaluating Aerostar Bacau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aerostar Bacau stock have on its future price. Aerostar Bacau 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, Aerostar Bacau autocorrelation shows the relationship between Aerostar Bacau stock current value and its past values and can show if there is a momentum factor associated with investing in Aerostar Bacau.
Regressed Prices |
| Timeline |
Pair Trading with Aerostar Bacau
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 Aerostar Bacau 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 Aerostar Bacau will appreciate offsetting losses from the drop in the long position's value.Moving together with Aerostar Stock
The ability to find closely correlated positions to Aerostar Bacau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerostar Bacau 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 Aerostar Bacau - 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 Aerostar Bacau to buy it.
The correlation of Aerostar Bacau 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 Aerostar Bacau moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerostar Bacau 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 Aerostar Bacau 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 Aerostar Stock
Aerostar Bacau financial ratios help investors to determine whether Aerostar 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 Aerostar with respect to the benefits of owning Aerostar Bacau security.