Air Asia (Taiwan) Market Value
| 2630 Stock | TWD 30.50 1.00 3.17% |
| Symbol | Air |
Air Asia '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 Asia'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 Asia.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Air Asia on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Air Asia Co or generate 0.0% return on investment in Air Asia over 30 days. Air Asia is related to or competes with Hsinli Chemical, Taita Chemical, Sports Gear, PChome Online, Hannstar Display, Johnson Chemical, and Chinese Gamer. Air Asia Co., Ltd. operates as an aircraft maintenance company in Taiwan and internationally More
Air Asia 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 Asia'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 Asia Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.5 |
Air Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Asia's standard deviation. In reality, there are many statistical measures that can use Air Asia historical prices to predict the future Air Asia's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.24) |
Air Asia Backtested Returns
Air Asia secures Sharpe Ratio (or Efficiency) of -0.0947, which signifies that the company had a -0.0947% return per unit of risk over the last 3 months. Air Asia Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air Asia's Mean Deviation of 1.25, standard deviation of 1.8, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Asia is expected to be smaller as well. At this point, Air Asia has a negative expected return of -0.17%. Please make sure to confirm Air Asia's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Air Asia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Air Asia Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Air Asia time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Asia price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Air Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Air Asia lagged returns against current returns
Autocorrelation, which is Air Asia 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 Asia's stock expected returns. We can calculate the autocorrelation of Air Asia returns to help us make a trade decision. For example, suppose you find that Air Asia 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 Asia 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 Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Air Asia Lagged Returns
When evaluating Air Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Asia stock have on its future price. Air Asia 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 Asia autocorrelation shows the relationship between Air Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Air Asia Co.
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 Asia's price analysis, check to measure Air Asia'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 Asia is operating at the current time. Most of Air Asia's value examination focuses on studying past and present price action to predict the probability of Air Asia'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 Asia's price. Additionally, you may evaluate how the addition of Air Asia to your portfolios can decrease your overall portfolio volatility.