Auckland International Airport Stock Market Value
| ACKDF Stock | USD 4.56 0.41 8.25% |
| Symbol | Auckland |
Auckland International '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 Auckland International's pink sheet 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 Auckland International.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Auckland International on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Auckland International Airport or generate 0.0% return on investment in Auckland International over 30 days. Auckland International is related to or competes with Auckland International, Aena SME, Aena SME, and Aeroports. Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services... More
Auckland International 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 Auckland International's pink sheet 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 Auckland International Airport upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.89 | |||
| Information Ratio | 0.0341 | |||
| Maximum Drawdown | 34.22 | |||
| Value At Risk | (9.05) | |||
| Potential Upside | 10.94 |
Auckland International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auckland International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auckland International's standard deviation. In reality, there are many statistical measures that can use Auckland International historical prices to predict the future Auckland International's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.2178 | |||
| Total Risk Alpha | 0.0764 | |||
| Sortino Ratio | 0.0233 | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Auckland International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Auckland International Backtested Returns
At this point, Auckland International is risky. Auckland International secures Sharpe Ratio (or Efficiency) of 0.0256, which signifies that the company had a 0.0256% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Auckland International Airport, which you can use to evaluate the volatility of the firm. Please confirm Auckland International's mean deviation of 2.62, and Risk Adjusted Performance of 0.0415 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Auckland International has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Auckland International are expected to decrease at a much lower rate. During the bear market, Auckland International is likely to outperform the market. Auckland International right now shows a risk of 5.52%. Please confirm Auckland International sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if Auckland International will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Auckland International Airport has virtually no predictability. Overlapping area represents the amount of predictability between Auckland International time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 Auckland International price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Auckland International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Auckland International lagged returns against current returns
Autocorrelation, which is Auckland International pink sheet'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 Auckland International's pink sheet expected returns. We can calculate the autocorrelation of Auckland International returns to help us make a trade decision. For example, suppose you find that Auckland International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Auckland International 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 Auckland International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auckland International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auckland International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Auckland International Lagged Returns
When evaluating Auckland International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auckland International pink sheet have on its future price. Auckland International 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, Auckland International autocorrelation shows the relationship between Auckland International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Auckland International Airport.
Regressed Prices |
| Timeline |
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Other Information on Investing in Auckland Pink Sheet
Auckland International financial ratios help investors to determine whether Auckland Pink Sheet 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 Auckland with respect to the benefits of owning Auckland International security.