AirAsia X's market value is the price at which a share of AirAsia X trades on a public exchange. It measures the collective expectations of AirAsia X Bhd investors about its performance. AirAsia X is selling for 1.79 as of the 18th of January 2025. This is a 3.47 percent increase since the beginning of the trading day. The stock's lowest day price was 1.7. With this module, you can estimate the performance of a buy and hold strategy of AirAsia X Bhd and determine expected loss or profit from investing in AirAsia X over a given investment horizon. Check out AirAsia X Correlation, AirAsia X Volatility and AirAsia X Alpha and Beta module to complement your research on AirAsia X.
Please note, there is a significant difference between AirAsia X's value and its price as these two are different measures arrived at by different means. Investors typically determine if AirAsia X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AirAsia X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AirAsia X '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 AirAsia X'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 AirAsia X.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AirAsia X'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 AirAsia X Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AirAsia X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AirAsia X's standard deviation. In reality, there are many statistical measures that can use AirAsia X historical prices to predict the future AirAsia X's volatility.
As of now, AirAsia Stock is very risky. AirAsia X Bhd secures Sharpe Ratio (or Efficiency) of 0.0042, which signifies that the company had a 0.0042% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AirAsia X Bhd, which you can use to evaluate the volatility of the firm. Please confirm AirAsia X's Downside Deviation of 2.26, mean deviation of 1.74, and Risk Adjusted Performance of 0.0345 to double-check if the risk estimate we provide is consistent with the expected return of 0.01%. The firm shows a Beta (market volatility) of -0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AirAsia X are expected to decrease at a much lower rate. During the bear market, AirAsia X is likely to outperform the market. AirAsia X Bhd right now shows a risk of 2.39%. Please confirm AirAsia X Bhd jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if AirAsia X Bhd will be following its price patterns.
Auto-correlation
-0.45
Modest reverse predictability
AirAsia X Bhd has modest reverse predictability. Overlapping area represents the amount of predictability between AirAsia X time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 AirAsia X Bhd price movement. The serial correlation of -0.45 indicates that just about 45.0% of current AirAsia X price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.45
Spearman Rank Test
-0.41
Residual Average
0.0
Price Variance
0.01
AirAsia X Bhd lagged returns against current returns
Autocorrelation, which is AirAsia X 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 AirAsia X's stock expected returns. We can calculate the autocorrelation of AirAsia X returns to help us make a trade decision. For example, suppose you find that AirAsia X 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
AirAsia X 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 AirAsia X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AirAsia X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AirAsia X stock over time.
Current vs Lagged Prices
Timeline
AirAsia X Lagged Returns
When evaluating AirAsia X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AirAsia X stock have on its future price. AirAsia X 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, AirAsia X autocorrelation shows the relationship between AirAsia X stock current value and its past values and can show if there is a momentum factor associated with investing in AirAsia X Bhd.
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.
AirAsia X financial ratios help investors to determine whether AirAsia 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 AirAsia with respect to the benefits of owning AirAsia X security.