AIRA Capital (Thailand) Market Value
| AIRA Stock | THB 1.16 0.01 0.85% |
| Symbol | AIRA |
AIRA Capital '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 AIRA Capital'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 AIRA Capital.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in AIRA Capital on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding AIRA Capital Public or generate 0.0% return on investment in AIRA Capital over 720 days. AIRA Capital is related to or competes with Asia Aviation, Akkhie Prakarn, AIRA Factoring, and Arrow Syndicate. AIRA Capital Public Company Limited, together with its subsidiaries, provides financial advisory services in Thailand More
AIRA Capital 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 AIRA Capital'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 AIRA Capital Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 13.51 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 2.74 |
AIRA Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIRA Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIRA Capital's standard deviation. In reality, there are many statistical measures that can use AIRA Capital historical prices to predict the future AIRA Capital's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (1.10) |
AIRA Capital Public Backtested Returns
AIRA Capital is out of control given 3 months investment horizon. AIRA Capital Public secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to collect data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 13.94% are justified by taking the suggested risk. Use AIRA Capital mean deviation of 1.49, and Risk Adjusted Performance of (0.10) to evaluate company specific risk that cannot be diversified away. AIRA Capital holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AIRA Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIRA Capital is expected to be smaller as well. Use AIRA Capital value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to analyze future returns on AIRA Capital.
Auto-correlation | 0.42 |
Average predictability
AIRA Capital Public has average predictability. Overlapping area represents the amount of predictability between AIRA Capital time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 AIRA Capital Public price movement. The serial correlation of 0.42 indicates that just about 42.0% of current AIRA Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
AIRA Capital Public lagged returns against current returns
Autocorrelation, which is AIRA Capital 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 AIRA Capital's stock expected returns. We can calculate the autocorrelation of AIRA Capital returns to help us make a trade decision. For example, suppose you find that AIRA Capital 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 |
AIRA Capital 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 AIRA Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIRA Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIRA Capital stock over time.
Current vs Lagged Prices |
| Timeline |
AIRA Capital Lagged Returns
When evaluating AIRA Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIRA Capital stock have on its future price. AIRA Capital 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, AIRA Capital autocorrelation shows the relationship between AIRA Capital stock current value and its past values and can show if there is a momentum factor associated with investing in AIRA Capital Public.
Regressed Prices |
| Timeline |
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AIRA Capital financial ratios help investors to determine whether AIRA 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 AIRA with respect to the benefits of owning AIRA Capital security.