Air Transport Services Stock Market Value
| ATSG Stock | USD 21.95 0.01 0.05% |
| Symbol | Air |
Air Transport Services 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 Transport. 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 Transport 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 (0.01) | Revenue Per Share 30.203 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0149 |
The market value of Air Transport Services 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 Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport'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 Transport's market value can be influenced by many factors that don't directly affect Air Transport'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 Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport'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 Transport '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 Transport'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 Transport.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Air Transport on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Air Transport Services or generate 0.0% return on investment in Air Transport over 30 days. Air Transport is related to or competes with Copa Holdings, SkyWest, Sun Country, Frontier Group, Allegiant Travel, Mesa Air, and International Consolidated. Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing and air cargo transportati... More
Air Transport 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 Transport'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 Transport Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | 0.1131 | |||
| Maximum Drawdown | 26.66 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.95 |
Air Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Transport's standard deviation. In reality, there are many statistical measures that can use Air Transport historical prices to predict the future Air Transport's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.4716 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1803 | |||
| Treynor Ratio | 0.69 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air Transport'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 Transport Services Backtested Returns
Air Transport appears to be not too volatile, given 3 months investment horizon. Air Transport Services secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Air Transport's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Air Transport's Risk Adjusted Performance of 0.12, downside deviation of 2.5, and Mean Deviation of 2.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Air Transport holds a performance score of 10. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air Transport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Transport is expected to be smaller as well. Please check Air Transport's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Air Transport's price patterns will revert.
Auto-correlation | -0.9 |
Excellent reverse predictability
Air Transport Services has excellent reverse predictability. Overlapping area represents the amount of predictability between Air Transport time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Transport Services price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Air Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Air Transport Services lagged returns against current returns
Autocorrelation, which is Air Transport 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 Transport's stock expected returns. We can calculate the autocorrelation of Air Transport returns to help us make a trade decision. For example, suppose you find that Air Transport 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 Transport 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 Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Air Transport Lagged Returns
When evaluating Air Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Transport stock have on its future price. Air Transport 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 Transport autocorrelation shows the relationship between Air Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Air Transport Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Air Transport Services is a strong investment it is important to analyze Air Transport's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Air Transport's future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:Check out Air Transport Correlation, Air Transport Volatility and Air Transport Alpha and Beta module to complement your research on Air Transport. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Air Transport technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.