Air Canada Stock Price on September 3, 2024
| AC Stock | CAD 24.63 0.05 0.20% |
Below is the normalized historical share price chart for Air Canada extending back to November 17, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Air Canada stands at 24.63, as last reported on the 27th of November, with the highest price reaching 24.80 and the lowest price hitting 24.45 during the day.
If you're considering investing in Air Stock, it is important to understand the factors that can impact its price. Air Canada appears to be not too volatile, given 3 months investment horizon. Air Canada secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the company had a 0.32% return per unit of risk over the last 3 months. By analyzing Air Canada's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Air Canada's Mean Deviation of 1.63, risk adjusted performance of 0.2327, and Downside Deviation of 1.48 to double-check if our risk estimates are consistent with your expectations.
At this time, Air Canada's Total Stockholder Equity is very stable compared to the past year. As of the 27th of November 2024, Common Stock Total Equity is likely to grow to about 2.6 B, while Common Stock Shares Outstanding is likely to drop about 253.9 M. . At this time, Air Canada's Price To Operating Cash Flows Ratio is very stable compared to the past year. As of the 27th of November 2024, Price To Free Cash Flows Ratio is likely to grow to 2.52, while Price To Sales Ratio is likely to drop 0.25. Air Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 18.0987 | 50 Day MA 19.3722 | Beta 2.407 |
Air |
Sharpe Ratio = 0.3163
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Estimated Market Risk
| 2.48 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.78 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 24 76% of assets perform better |
Based on monthly moving average Air Canada is performing at about 24% 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 Canada by adding it to a well-diversified portfolio.
Price Book 2.8615 | Enterprise Value Ebitda 3.2819 | Price Sales 0.4017 | Shares Float 357.8 M | Wall Street Target Price 26.3217 |
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Air Canada Valuation on September 3, 2024
It is possible to determine the worth of Air Canada on a given historical date. On September 3, 2024 Air was worth 15.29 at the beginning of the trading date compared to the closed value of 15.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Air Canada stock. Still, in general, we apply an absolute valuation method to find Air Canada'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 Canada where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Air Canada's related companies.
| Open | High | Low | Close | Volume | |
| 15.33 | 15.49 | 15.26 | 15.44 | 1,657,713 | |
09/03/2024 | 15.29 | 15.36 | 15.20 | 15.21 | 1,198,670 |
| 15.19 | 15.42 | 15.10 | 15.36 | 1,530,789 |
| Backtest Air Canada | | | Air Canada History | | | Air Canada Valuation | Previous | Next |
Air Canada Trading Date Momentum on September 3, 2024
| On September 04 2024 Air Canada was traded for 15.36 at the closing time. The highest daily price throughout the period was 15.42 and the lowest price was 15.10 . The daily volume was 1.5 M. The net trading volume on 09/04/2024 added to the next day price boost. The overall trading delta to closing price of the next trading day was 0.99% . The overall trading delta to current closing price is 3.09% . |
Air Canada Fundamentals Correlations and Trends
By evaluating Air Canada'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 Canada'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 Canada Stock history
Air Canada 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 Canada 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 Canada stock prices may prove useful in developing a viable investing in Air Canada
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 376 M | 253.9 M | |
| Net Loss | -1.5 B | -1.5 B |
Air Canada Stock Technical Analysis
Air Canada 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 Canada Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Air Canada cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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 Canada November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Air Canada 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 Canada shares will generate the highest return on investment. By undertsting and applying Air Canada stock market strength indicators, traders can identify Air Canada entry and exit signals to maximize returns
Air Canada Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Air Canada'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 | 0.2327 | |||
| Jensen Alpha | 0.621 | |||
| Total Risk Alpha | 0.3283 | |||
| Sortino Ratio | 0.4009 | |||
| Treynor Ratio | 0.9174 |
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Other Information on Investing in Air Stock
Air Canada financial ratios help investors to determine whether Air Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Air with respect to the benefits of owning Air Canada security.