Flyht Aerospace Solutions Stock Market Value
FLY Stock | CAD 0.33 0.01 2.94% |
Symbol | FLYHT |
FLYHT Aerospace Solutions Price To Book Ratio
FLYHT Aerospace '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 FLYHT Aerospace'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 FLYHT Aerospace.
12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in FLYHT Aerospace on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding FLYHT Aerospace Solutions or generate 0.0% return on investment in FLYHT Aerospace over 360 days. FLYHT Aerospace is related to or competes with Firan Technology, Baylin Technologies, Bewhere Holdings, and Questor Technology. FLYHT Aerospace Solutions Ltd. provides real-time aircraft intelligence and cockpit communications for the aerospace ind... More
FLYHT Aerospace 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 FLYHT Aerospace'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 FLYHT Aerospace Solutions upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 9.14 | |||
Information Ratio | 0.0923 | |||
Maximum Drawdown | 32.2 | |||
Value At Risk | (12.00) | |||
Potential Upside | 12.5 |
FLYHT Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FLYHT Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FLYHT Aerospace's standard deviation. In reality, there are many statistical measures that can use FLYHT Aerospace historical prices to predict the future FLYHT Aerospace's volatility.Risk Adjusted Performance | 0.092 | |||
Jensen Alpha | 0.9326 | |||
Total Risk Alpha | (0.32) | |||
Sortino Ratio | 0.0768 | |||
Treynor Ratio | (0.80) |
FLYHT Aerospace Solutions Backtested Returns
FLYHT Aerospace is out of control given 3 months investment horizon. FLYHT Aerospace Solutions secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of volatility over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use FLYHT Aerospace Market Risk Adjusted Performance of (0.79), downside deviation of 9.14, and Mean Deviation of 5.24 to evaluate company specific risk that cannot be diversified away. FLYHT Aerospace holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.02, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning FLYHT Aerospace are expected to decrease slowly. On the other hand, during market turmoil, FLYHT Aerospace is expected to outperform it slightly. Use FLYHT Aerospace potential upside, as well as the relationship between the skewness and day median price , to analyze future returns on FLYHT Aerospace.
Auto-correlation | 0.05 |
Virtually no predictability
FLYHT Aerospace Solutions has virtually no predictability. Overlapping area represents the amount of predictability between FLYHT Aerospace time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 FLYHT Aerospace Solutions price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current FLYHT Aerospace price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.05 | |
Spearman Rank Test | 0.33 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
FLYHT Aerospace Solutions lagged returns against current returns
Autocorrelation, which is FLYHT Aerospace 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 FLYHT Aerospace's stock expected returns. We can calculate the autocorrelation of FLYHT Aerospace returns to help us make a trade decision. For example, suppose you find that FLYHT Aerospace 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 |
FLYHT Aerospace 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 FLYHT Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FLYHT Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FLYHT Aerospace stock over time.
Current vs Lagged Prices |
Timeline |
FLYHT Aerospace Lagged Returns
When evaluating FLYHT Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FLYHT Aerospace stock have on its future price. FLYHT Aerospace 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, FLYHT Aerospace autocorrelation shows the relationship between FLYHT Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in FLYHT Aerospace Solutions.
Regressed Prices |
Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for FLYHT Stock Analysis
When running FLYHT Aerospace's price analysis, check to measure FLYHT Aerospace'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 FLYHT Aerospace is operating at the current time. Most of FLYHT Aerospace's value examination focuses on studying past and present price action to predict the probability of FLYHT Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FLYHT Aerospace's price. Additionally, you may evaluate how the addition of FLYHT Aerospace to your portfolios can decrease your overall portfolio volatility.