Air China (China) Price on August 13, 2024
| 601111 Stock | 8.11 0.01 0.12% |
Below is the normalized historical share price chart for Air China Ltd extending back to August 18, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Air China stands at 8.11, as last reported on the 20th of December, with the highest price reaching 8.15 and the lowest price hitting 7.90 during the day.
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. Air China appears to be somewhat reliable, given 3 months investment horizon. Air China secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Air China Ltd, which you can use to evaluate the volatility of the firm. Please makes use of Air China's Risk Adjusted Performance of 0.1211, mean deviation of 1.76, and Downside Deviation of 2.18 to double-check if our risk estimates are consistent with your expectations.
At present, Air China's Total Stockholder Equity is projected to decrease significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 508.4 M, whereas Common Stock is forecasted to decline to about 15.6 B. . Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 7.3546 | 50 Day MA 7.7122 | Beta 0.628 |
Air |
Sharpe Ratio = 0.1927
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601111 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.53 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.49 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Air China is performing at about 15% 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 China by adding it to a well-diversified portfolio.
Price Book 3.4903 | Enterprise Value Ebitda 67.9317 | Price Sales 0.8608 | Shares Float 5.2 B | Wall Street Target Price 7.05 |
Air China Valuation on August 13, 2024
It is possible to determine the worth of Air China on a given historical date. On August 13, 2024 Air was worth 7.2 at the beginning of the trading date compared to the closed value of 7.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Air China stock. Still, in general, we apply an absolute valuation method to find Air China'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 China where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Air China's related companies.
| Open | High | Low | Close | Volume | |
| 7.36 | 7.38 | 7.17 | 7.20 | 50,689,718 | |
08/13/2024 | 7.20 | 7.22 | 7.13 | 7.20 | 26,261,611 |
| 7.18 | 7.21 | 7.15 | 7.20 | 20,718,500 |
| Backtest Air China | | | Air China History | | | Air China Valuation | Previous | Next |
Air China Trading Date Momentum on August 13, 2024
| On August 14 2024 Air China Ltd was traded for 7.20 at the closing time. The highest price during the trading period was 7.21 and the lowest recorded bid was listed for 7.15 . The volume for the day was 20.7 M. This history from August 14, 2024 did not affect price variability. The overall trading delta to the current price is 3.06% . |
Air China Fundamentals Correlations and Trends
By evaluating Air China'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 China'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 China Stock history
Air China 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 China 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 China stock prices may prove useful in developing a viable investing in Air China
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 16.2 B | 16.2 B | |
| Net Loss | -34.8 B | -33 B |
Air China Stock Technical Analysis
Air China 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 China Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Air China Ltd cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Air China December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Air China 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 China shares will generate the highest return on investment. By undertsting and applying Air China stock market strength indicators, traders can identify Air China Ltd entry and exit signals to maximize returns
Air China Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Air China'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 | 0.1211 | |||
| Jensen Alpha | 0.3396 | |||
| Total Risk Alpha | 0.2691 | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | 5.66 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Air Stock analysis
When running Air China's price analysis, check to measure Air China'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 China is operating at the current time. Most of Air China's value examination focuses on studying past and present price action to predict the probability of Air China'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 China's price. Additionally, you may evaluate how the addition of Air China to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |