Air Products' market value is the price at which a share of Air Products trades on a public exchange. It measures the collective expectations of Air Products and investors about its performance. Air Products is trading at 448.50 as of the 10th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 448.5. With this module, you can estimate the performance of a buy and hold strategy of Air Products and and determine expected loss or profit from investing in Air Products over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
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.
0.00
01/21/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/10/2025
0.00
If you would invest 0.00 in Air Products on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Air Products and or generate 0.0% return on investment in Air Products over 720 days.
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 and 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 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Air Products. Your research has to be compared to or analyzed against Air Products' peers to derive any actionable benefits. When done correctly, Air Products' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Air Products.
Air Products Backtested Returns
At this point, Air Products is very steady. Air Products secures Sharpe Ratio (or Efficiency) of 0.0254, which signifies that the company had a 0.0254% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Air Products and, which you can use to evaluate the volatility of the firm. Please confirm Air Products' Risk Adjusted Performance of 0.0263, standard deviation of 2.02, and Mean Deviation of 0.6189 to double-check if the risk estimate we provide is consistent with the expected return of 0.0515%. Air Products has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Air Products are expected to decrease at a much lower rate. During the bear market, Air Products is likely to outperform the market. Air Products right now shows a risk of 2.02%. Please confirm Air Products value at risk, skewness, and the relationship between the total risk alpha and potential upside , to decide if Air Products will be following its price patterns.
Auto-correlation
-0.53
Good reverse predictability
Air Products and has good reverse predictability. Overlapping area represents the amount of predictability between Air Products time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Air Products price movement. The serial correlation of -0.53 indicates that about 53.0% of current Air Products price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.53
Spearman Rank Test
-0.4
Residual Average
0.0
Price Variance
4116.99
Air Products 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 and.
Regressed Prices
Timeline
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