AIR PRODCHEMICALS (Germany) Market Value
| AP3 Stock | EUR 316.10 2.60 0.83% |
| Symbol | AIR |
AIR PRODCHEMICALS '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 PRODCHEMICALS'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 PRODCHEMICALS.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in AIR PRODCHEMICALS on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding AIR PRODCHEMICALS or generate 0.0% return on investment in AIR PRODCHEMICALS over 510 days. AIR PRODCHEMICALS is related to or competes with Apple, Apple, Microsoft, and Microsoft. More
AIR PRODCHEMICALS 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 PRODCHEMICALS'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 PRODCHEMICALS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9976 | |||
| Information Ratio | 0.1803 | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.98 |
AIR PRODCHEMICALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIR PRODCHEMICALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIR PRODCHEMICALS's standard deviation. In reality, there are many statistical measures that can use AIR PRODCHEMICALS historical prices to predict the future AIR PRODCHEMICALS's volatility.| Risk Adjusted Performance | 0.2087 | |||
| Jensen Alpha | 0.389 | |||
| Total Risk Alpha | 0.156 | |||
| Sortino Ratio | 0.269 | |||
| Treynor Ratio | (22.37) |
AIR PRODCHEMICALS Backtested Returns
AIR PRODCHEMICALS appears to be very steady, given 3 months investment horizon. AIR PRODCHEMICALS secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for AIR PRODCHEMICALS, which you can use to evaluate the volatility of the firm. Please makes use of AIR PRODCHEMICALS's mean deviation of 0.95, and Risk Adjusted Performance of 0.2087 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AIR PRODCHEMICALS holds a performance score of 20. The firm shows a Beta (market volatility) of -0.0173, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AIR PRODCHEMICALS are expected to decrease at a much lower rate. During the bear market, AIR PRODCHEMICALS is likely to outperform the market. Please check AIR PRODCHEMICALS's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether AIR PRODCHEMICALS's price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
AIR PRODCHEMICALS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between AIR PRODCHEMICALS time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 PRODCHEMICALS price movement. The serial correlation of -0.8 indicates that around 80.0% of current AIR PRODCHEMICALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 735.95 |
AIR PRODCHEMICALS lagged returns against current returns
Autocorrelation, which is AIR PRODCHEMICALS 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 PRODCHEMICALS's stock expected returns. We can calculate the autocorrelation of AIR PRODCHEMICALS returns to help us make a trade decision. For example, suppose you find that AIR PRODCHEMICALS 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 |
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AIR PRODCHEMICALS 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 PRODCHEMICALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIR PRODCHEMICALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIR PRODCHEMICALS stock over time.
Current vs Lagged Prices |
| Timeline |
AIR PRODCHEMICALS Lagged Returns
When evaluating AIR PRODCHEMICALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIR PRODCHEMICALS stock have on its future price. AIR PRODCHEMICALS 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 PRODCHEMICALS autocorrelation shows the relationship between AIR PRODCHEMICALS stock current value and its past values and can show if there is a momentum factor associated with investing in AIR PRODCHEMICALS.
Regressed Prices |
| Timeline |
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Additional Tools for AIR Stock Analysis
When running AIR PRODCHEMICALS's price analysis, check to measure AIR PRODCHEMICALS'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 PRODCHEMICALS is operating at the current time. Most of AIR PRODCHEMICALS's value examination focuses on studying past and present price action to predict the probability of AIR PRODCHEMICALS'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 PRODCHEMICALS's price. Additionally, you may evaluate how the addition of AIR PRODCHEMICALS to your portfolios can decrease your overall portfolio volatility.