Asia Aviation (Thailand) Market Value
| AAV Stock | THB 2.88 0.02 0.69% |
| Symbol | Asia |
Asia Aviation '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 Asia Aviation'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 Asia Aviation.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Asia Aviation on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Aviation Public or generate 0.0% return on investment in Asia Aviation over 30 days. Asia Aviation is related to or competes with Airports, Bangkok Expressway, BTS Group, Bangkok Airways, and Bangkok Dusit. Asia Aviation Public Company Limited, through its subsidiary, provides airline services primarily in Thailand More
Asia Aviation 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 Asia Aviation'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 Asia Aviation Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.1384 | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.55 |
Asia Aviation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Aviation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Aviation's standard deviation. In reality, there are many statistical measures that can use Asia Aviation historical prices to predict the future Asia Aviation's volatility.| Risk Adjusted Performance | 0.1493 | |||
| Jensen Alpha | 0.393 | |||
| Total Risk Alpha | 0.1175 | |||
| Sortino Ratio | 0.1358 | |||
| Treynor Ratio | 2.28 |
Asia Aviation Public Backtested Returns
Asia Aviation is out of control given 3 months investment horizon. Asia Aviation Public secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 14.6% are justified by taking the suggested risk. Use Asia Aviation Downside Deviation of 2.29, mean deviation of 1.62, and Risk Adjusted Performance of 0.1493 to evaluate company specific risk that cannot be diversified away. Asia Aviation holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Aviation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Aviation is expected to be smaller as well. Use Asia Aviation downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Asia Aviation.
Auto-correlation | 0.01 |
Virtually no predictability
Asia Aviation Public has virtually no predictability. Overlapping area represents the amount of predictability between Asia Aviation time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Asia Aviation Public price movement. The serial correlation of 0.01 indicates that just 1.0% of current Asia Aviation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Aviation Public lagged returns against current returns
Autocorrelation, which is Asia Aviation 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 Asia Aviation's stock expected returns. We can calculate the autocorrelation of Asia Aviation returns to help us make a trade decision. For example, suppose you find that Asia Aviation 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 |
Asia Aviation 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 Asia Aviation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Aviation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Aviation stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Aviation Lagged Returns
When evaluating Asia Aviation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Aviation stock have on its future price. Asia Aviation 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, Asia Aviation autocorrelation shows the relationship between Asia Aviation stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Aviation Public.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Asia Stock
Asia Aviation financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Aviation security.