Air China (Germany) Price on August 7, 2024
| AD2 Stock | EUR 0.61 0.02 3.17% |
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. As of today, the current price of Air China stands at 0.61, as last reported on the 23rd of December, with the highest price reaching 0.61 and the lowest price hitting 0.61 during the day. Air China appears to be abnormally volatile, given 3 months investment horizon. Air China Limited secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing Air China's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please makes use of Air China's Downside Deviation of 4.22, risk adjusted performance of 0.1602, and Mean Deviation of 3.46 to double-check if our risk estimates are consistent with your expectations.
Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Air |
Sharpe Ratio = 0.2048
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Estimated Market Risk
| 4.7 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.96 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average Air China is performing at about 16% 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.
Air China Valuation on August 7, 2024
It is possible to determine the worth of Air China on a given historical date. On August 7, 2024 Air was worth 0.4 at the beginning of the trading date compared to the closed value of 0.4. 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 | |
| 0.40 | 0.43 | 0.40 | 0.43 | 900.00 | |
08/07/2024 | 0.40 | 0.40 | 0.40 | 0.40 | 900.00 |
| 0.41 | 0.41 | 0.41 | 0.41 | 900.00 |
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Air China Trading Date Momentum on August 7, 2024
| On August 08 2024 Air China Limited was traded for 0.41 at the closing time. The highest daily price throughout the period was 0.41 and the lowest price was 0.41 . The daily volume was 900. The net trading volume on 08/08/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 2.50% . The overall trading delta to current closing price is 0.00% . |
Air China Limited 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 Limited 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
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. Air China Limited is a subsidiary of China National Aviation Holding Company. AIR CHINA operates under Airlines classification in Germany and is traded on Frankfurt Stock Exchange.
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 23, 2024
| High |
0.00 | 0.00 |
Air China Limited cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 23, 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 Limited 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 | 0.1602 | |||
| Jensen Alpha | 0.8917 | |||
| Total Risk Alpha | 0.7661 | |||
| Sortino Ratio | 0.2075 | |||
| Treynor Ratio | 2.81 |
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| Overlap Studies | ||
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| 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.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |