Air Products (UK) Market Value
| 0HBH Stock | 330.71 1.67 0.51% |
| Symbol | Air |
Air Products '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 Products' 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 Products.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Air Products on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Air Products Chemicals or generate 0.0% return on investment in Air Products over 390 days. Air Products is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, MOL Hungarian, Reliance Industries, and SoftBank Group. Air Products is entity of United Kingdom More
Air Products 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 Products' 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 Products Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9466 | |||
| Information Ratio | 0.1017 | |||
| Maximum Drawdown | 11.5 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 2.5 |
Air Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Products' standard deviation. In reality, there are many statistical measures that can use Air Products historical prices to predict the future Air Products' volatility.| Risk Adjusted Performance | 0.1436 | |||
| Jensen Alpha | 0.2694 | |||
| Total Risk Alpha | 0.0279 | |||
| Sortino Ratio | 0.1792 | |||
| Treynor Ratio | 1.67 |
Air Products Chemicals Backtested Returns
Air Products appears to be very steady, given 3 months investment horizon. Air Products Chemicals secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Air Products Chemicals, which you can use to evaluate the volatility of the firm. Please makes use of Air Products' Mean Deviation of 1.08, downside deviation of 0.9466, and Risk Adjusted Performance of 0.1436 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Air Products holds a performance score of 13. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Air Products' returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Products is expected to be smaller as well. Please check Air Products' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Air Products' price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Air Products Chemicals has good reverse predictability. Overlapping area represents the amount of predictability between Air Products time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd of November 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 Products Chemicals price movement. The serial correlation of -0.54 indicates that about 54.0% of current Air Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 669.38 |
Air Products Chemicals lagged returns against current returns
Autocorrelation, which is Air Products 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 Products' stock expected returns. We can calculate the autocorrelation of Air Products returns to help us make a trade decision. For example, suppose you find that Air Products 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 Products 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 Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Products stock over time.
Current vs Lagged Prices |
| Timeline |
Air Products Lagged Returns
When evaluating Air Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Products stock have on its future price. Air Products 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 Products autocorrelation shows the relationship between Air Products stock current value and its past values and can show if there is a momentum factor associated with investing in Air Products Chemicals.
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 Air Stock Analysis
When running Air Products' price analysis, check to measure Air Products' 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 Products is operating at the current time. Most of Air Products' value examination focuses on studying past and present price action to predict the probability of Air Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Products' price. Additionally, you may evaluate how the addition of Air Products to your portfolios can decrease your overall portfolio volatility.