Auckland International Airport Stock Market Value
| AUKNY Stock | USD 21.11 1.54 6.80% |
| Symbol | Auckland |
Auckland International '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 Auckland International's pink sheet 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 Auckland International.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Auckland International on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Auckland International Airport or generate 0.0% return on investment in Auckland International over 30 days. Auckland International is related to or competes with Aeroports, Aena SME, Aena SME, Airports, Airports, Corporacion America, and Aeroports. Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services... More
Auckland International 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 Auckland International's pink sheet 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 Auckland International Airport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 2.52 |
Auckland International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auckland International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auckland International's standard deviation. In reality, there are many statistical measures that can use Auckland International historical prices to predict the future Auckland International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 1.49 |
Auckland International Backtested Returns
Auckland International secures Sharpe Ratio (or Efficiency) of -0.042, which signifies that the company had a -0.042% return per unit of standard deviation over the last 3 months. Auckland International Airport exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Auckland International's risk adjusted performance of (0.02), and Mean Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0754, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Auckland International are expected to decrease at a much lower rate. During the bear market, Auckland International is likely to outperform the market. At this point, Auckland International has a negative expected return of -0.11%. Please make sure to confirm Auckland International's information ratio, as well as the relationship between the kurtosis and period momentum indicator , to decide if Auckland International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Auckland International Airport has weak reverse predictability. Overlapping area represents the amount of predictability between Auckland International time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Auckland International price movement. The serial correlation of -0.22 indicates that over 22.0% of current Auckland International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Auckland International lagged returns against current returns
Autocorrelation, which is Auckland International pink sheet'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 Auckland International's pink sheet expected returns. We can calculate the autocorrelation of Auckland International returns to help us make a trade decision. For example, suppose you find that Auckland International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Auckland International 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 Auckland International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auckland International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auckland International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Auckland International Lagged Returns
When evaluating Auckland International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auckland International pink sheet have on its future price. Auckland International 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, Auckland International autocorrelation shows the relationship between Auckland International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Auckland International Airport.
Regressed Prices |
| Timeline |
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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.Additional Tools for Auckland Pink Sheet Analysis
When running Auckland International's price analysis, check to measure Auckland International'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 Auckland International is operating at the current time. Most of Auckland International's value examination focuses on studying past and present price action to predict the probability of Auckland International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auckland International's price. Additionally, you may evaluate how the addition of Auckland International to your portfolios can decrease your overall portfolio volatility.