Air Liquide (Germany) Market Value
| AIL Stock | 155.36 0.10 0.06% |
| Symbol | Air |
Air Liquide '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 Air Liquide'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 Air Liquide.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Air Liquide on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Air Liquide SA or generate 0.0% return on investment in Air Liquide over 60 days. Air Liquide is related to or competes with Linde Plc, Linde PLC, Sherwin Williams, Ecolab, SIKA AG, and Dupont De. More
Air Liquide 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 Air Liquide'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 Air Liquide SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.36 |
Air Liquide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Liquide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Liquide's standard deviation. In reality, there are many statistical measures that can use Air Liquide historical prices to predict the future Air Liquide's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 2.02 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air Liquide's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Air Liquide SA Backtested Returns
Air Liquide SA secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Air Liquide SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air Liquide's Mean Deviation of 0.772, standard deviation of 0.9858, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0602, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Air Liquide are expected to decrease at a much lower rate. During the bear market, Air Liquide is likely to outperform the market. At this point, Air Liquide SA has a negative expected return of -0.14%. Please make sure to confirm Air Liquide's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Air Liquide SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Air Liquide SA has very weak predictability. Overlapping area represents the amount of predictability between Air Liquide time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Air Liquide SA price movement. The serial correlation of 0.16 indicates that over 16.0% of current Air Liquide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 4.71 |
Air Liquide SA lagged returns against current returns
Autocorrelation, which is Air Liquide 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 Air Liquide's stock expected returns. We can calculate the autocorrelation of Air Liquide returns to help us make a trade decision. For example, suppose you find that Air Liquide 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 |
Air Liquide 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 Air Liquide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Liquide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Liquide stock over time.
Current vs Lagged Prices |
| Timeline |
Air Liquide Lagged Returns
When evaluating Air Liquide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Liquide stock have on its future price. Air Liquide 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, Air Liquide autocorrelation shows the relationship between Air Liquide stock current value and its past values and can show if there is a momentum factor associated with investing in Air Liquide SA.
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.Additional Tools for Air Stock Analysis
When running Air Liquide's price analysis, check to measure Air Liquide'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 Liquide is operating at the current time. Most of Air Liquide's value examination focuses on studying past and present price action to predict the probability of Air Liquide'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 Liquide's price. Additionally, you may evaluate how the addition of Air Liquide to your portfolios can decrease your overall portfolio volatility.