Air New (Australia) Market Value
| AIZ Stock | 0.56 0.01 1.75% |
| Symbol | Air |
Air New '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 New'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 New.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Air New on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Air New Zealand or generate 0.0% return on investment in Air New over 90 days. Air New is related to or competes with Mirrabooka Investments, Retail Food, MFF Capital, Clime Investment, Hudson Investment, and Charter Hall. Air New is entity of Australia. It is traded as Stock on AU exchange. More
Air New 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 New'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 New Zealand upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.1839 | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.04 |
Air New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air New's standard deviation. In reality, there are many statistical measures that can use Air New historical prices to predict the future Air New's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.1538 | |||
| Total Risk Alpha | 0.3659 | |||
| Sortino Ratio | 0.1343 | |||
| Treynor Ratio | (0.96) |
Air New Zealand Backtested Returns
Air New appears to be dangerous, given 3 months investment horizon. Air New Zealand secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Air New Zealand, which you can use to evaluate the volatility of the firm. Please makes use of Air New's Mean Deviation of 1.1, risk adjusted performance of 0.1083, and Downside Deviation of 2.1 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Air New holds a performance score of 9. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Air New are expected to decrease at a much lower rate. During the bear market, Air New is likely to outperform the market. Please check Air New's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Air New's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Air New Zealand has insignificant reverse predictability. Overlapping area represents the amount of predictability between Air New time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Air New Zealand price movement. The serial correlation of -0.19 indicates that over 19.0% of current Air New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Air New Zealand lagged returns against current returns
Autocorrelation, which is Air New 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 New's stock expected returns. We can calculate the autocorrelation of Air New returns to help us make a trade decision. For example, suppose you find that Air New 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 New 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 New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air New stock over time.
Current vs Lagged Prices |
| Timeline |
Air New Lagged Returns
When evaluating Air New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air New stock have on its future price. Air New 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 New autocorrelation shows the relationship between Air New stock current value and its past values and can show if there is a momentum factor associated with investing in Air New Zealand.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Air Stock Analysis
When running Air New's price analysis, check to measure Air New'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 New is operating at the current time. Most of Air New's value examination focuses on studying past and present price action to predict the probability of Air New'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 New's price. Additionally, you may evaluate how the addition of Air New to your portfolios can decrease your overall portfolio volatility.