Delta Air Lines Market Value
| 247361ZT8 | 91.78 1.81 1.93% |
| Symbol | Delta |
Delta '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 Delta's bond 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 Delta.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Delta on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Air Lines or generate 0.0% return on investment in Delta over 180 days. Delta is related to or competes with Travelers Companies, GE Aerospace, Walmart, Pfizer, HP, 3M, and Merck. More
Delta 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 Delta's bond 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 Delta Air Lines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.2 |
Delta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta's standard deviation. In reality, there are many statistical measures that can use Delta historical prices to predict the future Delta's volatility.| Risk Adjusted Performance | 0.005 | |||
| Jensen Alpha | 0.0307 | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.0431 |
Delta Air Lines Backtested Returns
Delta Air Lines secures Sharpe Ratio (or Efficiency) of -0.0021, which denotes the bond had a -0.0021% return per unit of risk over the last 3 months. Delta Air Lines exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta's Variance of 5.63, mean deviation of 0.9368, and Standard Deviation of 2.37 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Delta are expected to decrease at a much lower rate. During the bear market, Delta is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
Delta Air Lines has very weak reverse predictability. Overlapping area represents the amount of predictability between Delta time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Delta Air Lines price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Delta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
Delta Air Lines lagged returns against current returns
Autocorrelation, which is Delta bond'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 Delta's bond expected returns. We can calculate the autocorrelation of Delta returns to help us make a trade decision. For example, suppose you find that Delta has exhibited high autocorrelation historically, and you observe that the bond 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 |
Delta 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 Delta bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta bond over time.
Current vs Lagged Prices |
| Timeline |
Delta Lagged Returns
When evaluating Delta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta bond have on its future price. Delta 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, Delta autocorrelation shows the relationship between Delta bond current value and its past values and can show if there is a momentum factor associated with investing in Delta Air Lines.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Delta Bond
Delta financial ratios help investors to determine whether Delta Bond 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 Delta with respect to the benefits of owning Delta security.