Air Canada Stock Price on May 22, 2023
| AC Stock | CAD 20.63 0.18 0.88% |
Below is the normalized historical share price chart for Air Canada extending back to November 17, 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 Canada stands at 20.63, as last reported on the 20th of January, with the highest price reaching 20.83 and the lowest price hitting 20.46 during the day.
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. As of now, Air Stock is very steady. Air Canada secures Sharpe Ratio (or Efficiency) of 0.0573, which signifies that the company had a 0.0573 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Air Canada, which you can use to evaluate the volatility of the firm. Please confirm Air Canada's Risk Adjusted Performance of 0.0982, downside deviation of 2.46, and Mean Deviation of 1.61 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%.
At this time, Air Canada's Total Stockholder Equity is very stable compared to the past year. As of the 20th of January 2025, Liabilities And Stockholders Equity is likely to grow to about 36.5 B, while Common Stock Shares Outstanding is likely to drop about 253.9 M. . At this time, Air Canada's Price To Operating Cash Flows Ratio is very stable compared to the past year. As of the 20th of January 2025, Price To Free Cash Flows Ratio is likely to grow to 2.27, while Price To Sales Ratio is likely to drop 0.25. Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 18.9439 | 50 Day MA 23.3296 | Beta 2.407 |
Air |
Sharpe Ratio = 0.0573
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Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Air Canada is performing at about 4% 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 Canada by adding it to a well-diversified portfolio.
Price Book 2.371 | Enterprise Value Ebitda 2.8942 | Price Sales 0.3328 | Shares Float 357.8 M | Wall Street Target Price 27.4824 |
Air Canada Valuation on May 22, 2023
It is possible to determine the worth of Air Canada on a given historical date. On May 22, 2023 Air was worth 22.14 at the beginning of the trading date compared to the closed value of 21.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Air Canada stock. Still, in general, we apply an absolute valuation method to find Air Canada'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 Canada where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Air Canada's related companies.
| Open | High | Low | Close | Volume | |
| 22.50 | 22.50 | 21.95 | 22.23 | 4,338,868 | |
05/19/2023 | 22.14 | 22.27 | 21.66 | 21.81 | 2,466,265 |
| 21.64 | 22.11 | 21.31 | 21.46 | 2,671,193 |
| Backtest Air Canada | | | Air Canada History | | | Air Canada Valuation | Previous | Next |
Air Canada Trading Date Momentum on May 22, 2023
| On May 23 2023 Air Canada was traded for 21.46 at the closing time. The highest daily price throughout the period was 22.11 and the lowest price was 21.31 . The daily volume was 2.7 M. The net trading volume on 05/23/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.60% . The overall trading delta to current closing price is 0.05% . |
Air Canada Fundamentals Correlations and Trends
By evaluating Air Canada'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 Canada'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 Canada Stock history
Air Canada 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 Canada 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 Canada stock prices may prove useful in developing a viable investing in Air Canada
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 432.4 M | 253.9 M | |
| Net Loss | -1.5 B | -1.5 B |
Air Canada Stock Technical Analysis
Air Canada 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 Canada Period Price Range
Low | January 20, 2025
| High |
0.00 | 0.00 |
Air Canada cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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 Canada January 20, 2025 Market Strength
Market strength indicators help investors to evaluate how Air Canada 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 Canada shares will generate the highest return on investment. By undertsting and applying Air Canada stock market strength indicators, traders can identify Air Canada entry and exit signals to maximize returns
Air Canada Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Air Canada'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 | 0.0982 | |||
| Jensen Alpha | 0.2587 | |||
| Total Risk Alpha | 0.2214 | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | 0.2131 |
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Other Information on Investing in Air Stock
Air Canada 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 Canada security.