Air France (France) Market Value
| AF Stock | EUR 7.36 0.04 0.54% |
| Symbol | Air |
Air France '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 France'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 France.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Air France on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Air France KLM SA or generate 0.0% return on investment in Air France over 720 days. Air France is related to or competes with Manitou BF, Ossiam Minimum, Ekinops SA, Orapi SA, Memscap Regpt, SPDR Barclays, and Malteries Franco. Air France-KLM SA, together with its subsidiaries, provides passenger transportation services on scheduled flights More
Air France 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 France'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 France KLM SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.55 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 4.05 |
Air France Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air France's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air France's standard deviation. In reality, there are many statistical measures that can use Air France historical prices to predict the future Air France's volatility.| Risk Adjusted Performance | 0.0017 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.06) |
Air France KLM Backtested Returns
Air France KLM secures Sharpe Ratio (or Efficiency) of -0.0086, which signifies that the company had a -0.0086% return per unit of risk over the last 3 months. Air France KLM SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air France's Mean Deviation of 1.93, standard deviation of 2.72, and Risk Adjusted Performance of 0.0017 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air France's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air France is expected to be smaller as well. At this point, Air France KLM has a negative expected return of -0.0235%. Please make sure to confirm Air France's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Air France KLM performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Air France KLM SA has insignificant predictability. Overlapping area represents the amount of predictability between Air France time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 France KLM price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Air France price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 2.86 |
Air France KLM lagged returns against current returns
Autocorrelation, which is Air France 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 France's stock expected returns. We can calculate the autocorrelation of Air France returns to help us make a trade decision. For example, suppose you find that Air France 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 France 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 France stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air France stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air France stock over time.
Current vs Lagged Prices |
| Timeline |
Air France Lagged Returns
When evaluating Air France's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air France stock have on its future price. Air France 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 France autocorrelation shows the relationship between Air France stock current value and its past values and can show if there is a momentum factor associated with investing in Air France KLM SA.
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.Other Information on Investing in Air Stock
Air France financial ratios help investors to determine whether Air 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 Air with respect to the benefits of owning Air France security.