Air T Inc Preferred Stock Market Value
| AIRTP Preferred Stock | USD 17.40 0.05 0.29% |
| Symbol | Air |
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 preferred 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 Cryoport, Forward Air, Hub, CH Robinson, Shengfeng Development, Jayud Global, and Freightos Limited. 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 preferred 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.
| Downside Deviation | 1.24 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 2.11 |
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 | 0.0563 | |||
| Jensen Alpha | 0.062 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 2.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air T'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.
Air T Inc Backtested Returns
Currently, Air T Inc is very steady. Air T Inc secures Sharpe Ratio (or Efficiency) of 0.0696, which signifies that the company had a 0.0696% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Air T Inc, which you can use to evaluate the volatility of the firm. Please confirm Air T's Mean Deviation of 0.7268, downside deviation of 1.24, and Risk Adjusted Performance of 0.0563 to double-check if the risk estimate we provide is consistent with the expected return of 0.0756%. Air T has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0304, which signifies not very significant fluctuations relative to the market. 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. Air T Inc right now shows a risk of 1.09%. Please confirm Air T Inc maximum drawdown, as well as the relationship between the expected short fall and day median price , to decide if Air T Inc will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Air T Inc has poor 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 -0.34 indicates that nearly 34.0% of current Air T price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Air T Inc lagged returns against current returns
Autocorrelation, which is Air T preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air T preferred 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 preferred 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 preferred 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 preferred 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 |
Pair Trading with Air T
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air T position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air T will appreciate offsetting losses from the drop in the long position's value.Moving against Air Preferred Stock
| 0.54 | EXPD | Expeditors International | PairCorr |
| 0.48 | PSIG | PS International | PairCorr |
| 0.47 | ZTO | ZTO Express | PairCorr |
| 0.44 | PAL | Proficient Auto Logi | PairCorr |
The ability to find closely correlated positions to Air T could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air T when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air T - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air T Inc to buy it.
The correlation of Air T is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air T moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air T Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air T can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Air Preferred 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.