Air T Inc Stock Market Value
| AIRT Stock | USD 19.39 1.07 5.84% |
| Symbol | Air |
Air T Inc Price To Book Ratio
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air T. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air T listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share (0.87) | Revenue Per Share 101.953 | Quarterly Revenue Growth 0.029 | Return On Assets 0.0108 |
The market value of Air T Inc is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air T's value that differs from its market value or its book value, called intrinsic value, which is Air T's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air T's market value can be influenced by many factors that don't directly affect Air T's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air T's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air T is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air T's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Air T '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 T'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 T.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Air T on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Air T Inc or generate 0.0% return on investment in Air T over 270 days. Air T is related to or competes with Addentax Group, Hub, Landstar System, JB Hunt, Expeditors International, CH Robinson, and Forward Air. Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines a... More
Air T 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 T'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 T Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 31.28 | |||
| Value At Risk | (7.13) | |||
| Potential Upside | 7.17 |
Air T Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air T's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air T's standard deviation. In reality, there are many statistical measures that can use Air T historical prices to predict the future Air T's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.17) |
Air T Inc Backtested Returns
Air T Inc secures Sharpe Ratio (or Efficiency) of -0.0261, which signifies that the company had a -0.0261% return per unit of risk over the last 3 months. Air T Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air T's Mean Deviation of 3.2, risk adjusted performance of (0.01), and Standard Deviation of 4.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air T's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air T is expected to be smaller as well. At this point, Air T Inc has a negative expected return of -0.13%. Please make sure to confirm Air T's skewness, as well as the relationship between the day median price and relative strength index , to decide if Air T Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Air T Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Air T time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 T Inc price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Air T price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 11.9 |
Air T Inc lagged returns against current returns
Autocorrelation, which is Air T 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 T's stock expected returns. We can calculate the autocorrelation of Air T returns to help us make a trade decision. For example, suppose you find that Air T 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 T 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 T stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air T stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air T stock over time.
Current vs Lagged Prices |
| Timeline |
Air T Lagged Returns
When evaluating Air T's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air T stock have on its future price. Air T 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 T autocorrelation shows the relationship between Air T stock current value and its past values and can show if there is a momentum factor associated with investing in Air T Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Air Stock Analysis
When running Air T's price analysis, check to measure Air T's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.