Airmate Cayman (Taiwan) Market Value
| 1626 Stock | TWD 13.90 0.05 0.36% |
| Symbol | Airmate |
Airmate Cayman '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 Airmate Cayman'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 Airmate Cayman.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Airmate Cayman on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Airmate Cayman International or generate 0.0% return on investment in Airmate Cayman over 90 days. Airmate Cayman is related to or competes with Tex Ray, Kaulin Mfg, De Licacy, Asia Plastic, and Ta Jiang. Airmate International Co Limited researches, develops, manufactures, and sells electric fans, electric heaters, and vari... More
Airmate Cayman 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 Airmate Cayman'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 Airmate Cayman International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0876 | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.91 |
Airmate Cayman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Airmate Cayman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airmate Cayman's standard deviation. In reality, there are many statistical measures that can use Airmate Cayman historical prices to predict the future Airmate Cayman's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1183 | |||
| Treynor Ratio | 0.2927 |
Airmate Cayman Inter Backtested Returns
Airmate Cayman Inter secures Sharpe Ratio (or Efficiency) of -0.0267, which signifies that the company had a -0.0267 % return per unit of risk over the last 3 months. Airmate Cayman International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Airmate Cayman's Risk Adjusted Performance of (0.02), standard deviation of 1.02, and Mean Deviation of 0.7477 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Airmate Cayman are expected to decrease at a much lower rate. During the bear market, Airmate Cayman is likely to outperform the market. At this point, Airmate Cayman Inter has a negative expected return of -0.0273%. Please make sure to confirm Airmate Cayman's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Airmate Cayman Inter performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Airmate Cayman International has weak predictability. Overlapping area represents the amount of predictability between Airmate Cayman time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Airmate Cayman Inter price movement. The serial correlation of 0.21 indicates that over 21.0% of current Airmate Cayman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Airmate Cayman Inter lagged returns against current returns
Autocorrelation, which is Airmate Cayman 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 Airmate Cayman's stock expected returns. We can calculate the autocorrelation of Airmate Cayman returns to help us make a trade decision. For example, suppose you find that Airmate Cayman 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 |
Airmate Cayman 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 Airmate Cayman stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airmate Cayman stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airmate Cayman stock over time.
Current vs Lagged Prices |
| Timeline |
Airmate Cayman Lagged Returns
When evaluating Airmate Cayman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airmate Cayman stock have on its future price. Airmate Cayman 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, Airmate Cayman autocorrelation shows the relationship between Airmate Cayman stock current value and its past values and can show if there is a momentum factor associated with investing in Airmate Cayman International.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Tools for Airmate Stock Analysis
When running Airmate Cayman's price analysis, check to measure Airmate Cayman'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 Airmate Cayman is operating at the current time. Most of Airmate Cayman's value examination focuses on studying past and present price action to predict the probability of Airmate Cayman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Airmate Cayman's price. Additionally, you may evaluate how the addition of Airmate Cayman to your portfolios can decrease your overall portfolio volatility.