Aerodrome (Israel) Market Value
| ARDM Stock | ILA 75.90 4.90 6.90% |
| Symbol | Aerodrome |
Aerodrome '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 Aerodrome'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 Aerodrome.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aerodrome on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aerodrome Group or generate 0.0% return on investment in Aerodrome over 30 days. Aerodrome is related to or competes with Ilex Medical, Technoplus Ventures, Blender Financial, YH Dimri, Electreon Wireless, Payment Financial, and Tedea Technological. Aerodrome Group Ltd provides unmanned aerial systems for security and agriculture More
Aerodrome 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 Aerodrome'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 Aerodrome Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.39 | |||
| Information Ratio | 0.0516 | |||
| Maximum Drawdown | 106.35 | |||
| Value At Risk | (8.25) | |||
| Potential Upside | 14.08 |
Aerodrome Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aerodrome's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aerodrome's standard deviation. In reality, there are many statistical measures that can use Aerodrome historical prices to predict the future Aerodrome's volatility.| Risk Adjusted Performance | 0.0568 | |||
| Jensen Alpha | 0.8553 | |||
| Total Risk Alpha | (1.40) | |||
| Sortino Ratio | 0.1065 | |||
| Treynor Ratio | (2.20) |
Aerodrome Group Backtested Returns
Aerodrome is not too volatile given 3 months investment horizon. Aerodrome Group secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.85% are justified by taking the suggested risk. Use Aerodrome Mean Deviation of 6.38, risk adjusted performance of 0.0568, and Downside Deviation of 6.39 to evaluate company specific risk that cannot be diversified away. Aerodrome holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aerodrome are expected to decrease at a much lower rate. During the bear market, Aerodrome is likely to outperform the market. Use Aerodrome jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Aerodrome.
Auto-correlation | 0.75 |
Good predictability
Aerodrome Group has good predictability. Overlapping area represents the amount of predictability between Aerodrome time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Aerodrome Group price movement. The serial correlation of 0.75 indicates that around 75.0% of current Aerodrome price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 30.24 |
Aerodrome Group lagged returns against current returns
Autocorrelation, which is Aerodrome 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 Aerodrome's stock expected returns. We can calculate the autocorrelation of Aerodrome returns to help us make a trade decision. For example, suppose you find that Aerodrome 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 |
Aerodrome 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 Aerodrome stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aerodrome stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aerodrome stock over time.
Current vs Lagged Prices |
| Timeline |
Aerodrome Lagged Returns
When evaluating Aerodrome's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aerodrome stock have on its future price. Aerodrome 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, Aerodrome autocorrelation shows the relationship between Aerodrome stock current value and its past values and can show if there is a momentum factor associated with investing in Aerodrome Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Aerodrome Stock
Aerodrome financial ratios help investors to determine whether Aerodrome 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 Aerodrome with respect to the benefits of owning Aerodrome security.