Air Transport (Germany) Market Value
| AW8 Stock | EUR 20.40 0.20 0.97% |
| Symbol | Air |
Air Transport '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 Transport'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 Transport.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Air Transport on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Air Transport Services or generate 0.0% return on investment in Air Transport over 90 days. Air Transport is related to or competes with Regal Hotels, Universal Display, DALATA HOTEL, Easy Software, Meliá Hotels, and REGAL HOTEL. Air Transport Services Group, Inc., through its subsidiaries, operates in the airfreight and logistics industry More
Air Transport 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 Transport'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 Transport Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.9524 |
Air Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Transport's standard deviation. In reality, there are many statistical measures that can use Air Transport historical prices to predict the future Air Transport's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0371 | |||
| Treynor Ratio | 1.04 |
Air Transport Services Backtested Returns
Air Transport Services secures Sharpe Ratio (or Efficiency) of -0.0481, which signifies that the company had a -0.0481 % return per unit of risk over the last 3 months. Air Transport Services exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air Transport's Standard Deviation of 0.5968, mean deviation of 0.3331, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0362, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Air Transport are expected to decrease at a much lower rate. During the bear market, Air Transport is likely to outperform the market. At this point, Air Transport Services has a negative expected return of -0.0299%. Please make sure to confirm Air Transport's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Air Transport Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Air Transport Services has good reverse predictability. Overlapping area represents the amount of predictability between Air Transport 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 Transport Services price movement. The serial correlation of -0.52 indicates that about 52.0% of current Air Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Air Transport Services lagged returns against current returns
Autocorrelation, which is Air Transport 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 Transport's stock expected returns. We can calculate the autocorrelation of Air Transport returns to help us make a trade decision. For example, suppose you find that Air Transport 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 Transport 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 Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Air Transport Lagged Returns
When evaluating Air Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Transport stock have on its future price. Air Transport 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 Transport autocorrelation shows the relationship between Air Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Air Transport Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Air Stock
When determining whether Air Transport Services is a strong investment it is important to analyze Air Transport's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Air Transport's future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:Check out Air Transport Correlation, Air Transport Volatility and Air Transport Alpha and Beta module to complement your research on Air Transport. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Air Transport 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.