Airiq Inc Stock Market Value
| AILQF Stock | USD 0.28 0.00 0.00% |
| Symbol | AirIQ |
AirIQ '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 AirIQ'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 AirIQ.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in AirIQ on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding AirIQ Inc or generate 0.0% return on investment in AirIQ over 180 days. AirIQ is related to or competes with BCE, Advanced Info, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. AirIQ Inc. provides wireless asset management and location services in Canada More
AirIQ 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 AirIQ'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 AirIQ Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0277 | |||
| Maximum Drawdown | 49.68 |
AirIQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AirIQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AirIQ's standard deviation. In reality, there are many statistical measures that can use AirIQ historical prices to predict the future AirIQ's volatility.| Risk Adjusted Performance | 0.0499 | |||
| Jensen Alpha | 0.2453 | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 1.29 |
AirIQ Inc Backtested Returns
AirIQ Inc secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. AirIQ Inc exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AirIQ's Risk Adjusted Performance of 0.0499, standard deviation of 5.22, and Mean Deviation of 1.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AirIQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding AirIQ is expected to be smaller as well. At this point, AirIQ Inc has a negative expected return of -0.33%. Please make sure to confirm AirIQ's information ratio and kurtosis , to decide if AirIQ Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
AirIQ Inc has good predictability. Overlapping area represents the amount of predictability between AirIQ time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 AirIQ Inc price movement. The serial correlation of 0.68 indicates that around 68.0% of current AirIQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AirIQ Inc lagged returns against current returns
Autocorrelation, which is AirIQ 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 AirIQ's pink sheet expected returns. We can calculate the autocorrelation of AirIQ returns to help us make a trade decision. For example, suppose you find that AirIQ 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 |
AirIQ 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 AirIQ pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AirIQ pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AirIQ pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AirIQ Lagged Returns
When evaluating AirIQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AirIQ pink sheet have on its future price. AirIQ 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, AirIQ autocorrelation shows the relationship between AirIQ pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AirIQ Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AirIQ Pink Sheet
AirIQ financial ratios help investors to determine whether AirIQ 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 AirIQ with respect to the benefits of owning AirIQ security.