Delta Air (Brazil) Market Value
| DEAI34 Stock | BRL 367.04 2.65 0.72% |
| Symbol | Delta |
Delta Air '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 Delta Air'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 Delta Air.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Delta Air on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Air Lines or generate 0.0% return on investment in Delta Air over 270 days. Delta Air is related to or competes with Healthpeak Properties, Zoom Video, Verizon Communications, Electronic Arts, Telecomunicaes Brasileiras, British American, and Autohome. Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internatio... More
Delta Air 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 Delta Air'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 Delta Air Lines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.2677 | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 5.86 |
Delta Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Air's standard deviation. In reality, there are many statistical measures that can use Delta Air historical prices to predict the future Delta Air's volatility.| Risk Adjusted Performance | 0.2514 | |||
| Jensen Alpha | 0.8219 | |||
| Total Risk Alpha | 0.4033 | |||
| Sortino Ratio | 0.3479 | |||
| Treynor Ratio | (6.56) |
Delta Air Lines Backtested Returns
Delta Air appears to be very steady, given 3 months investment horizon. Delta Air Lines secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the company had a 0.31% return per unit of risk over the last 3 months. By reviewing Delta Air's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize Delta Air's Downside Deviation of 1.97, mean deviation of 1.99, and Coefficient Of Variation of 313.82 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Delta Air holds a performance score of 24. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delta Air are expected to decrease at a much lower rate. During the bear market, Delta Air is likely to outperform the market. Please check Delta Air's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Delta Air's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Delta Air Lines has average predictability. Overlapping area represents the amount of predictability between Delta Air 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 Delta Air Lines price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Delta Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2296.16 |
Delta Air Lines lagged returns against current returns
Autocorrelation, which is Delta Air 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 Delta Air's stock expected returns. We can calculate the autocorrelation of Delta Air returns to help us make a trade decision. For example, suppose you find that Delta Air 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 |
Delta Air 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 Delta Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Air stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Air Lagged Returns
When evaluating Delta Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Air stock have on its future price. Delta Air 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, Delta Air autocorrelation shows the relationship between Delta Air stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Air Lines.
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.Additional Information and Resources on Investing in Delta Stock
When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air'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 Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports:Check out Delta Air Correlation, Delta Air Volatility and Delta Air Alpha and Beta module to complement your research on Delta Air. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Delta Air 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.