Air Canada Stock Performance
| AC Stock | CAD 24.20 0.24 1.00% |
On a scale of 0 to 100, Air Canada holds a performance score of 22. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air Canada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Canada is expected to be smaller as well. Please check Air Canada's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Air Canada's price patterns will revert.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Air Canada are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Air Canada displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Air Canada Is Paying Down Debt and Gradually Preparing to Lap 2019 Capacity - Morningstar | 08/30/2024 |
2 | For Air Canada and plenty of other stocks, uncertainty can be a good thing - The Globe and Mail | 09/20/2024 |
3 | Better Airline Investment Air Canada Stock vs. Delta Air Lines - MSN | 09/30/2024 |
4 | Air Canada Stock Will it Double in the Next Year - MSN | 11/20/2024 |
| Begin Period Cash Flow | 2.7 B |
Air |
Air Canada Relative Risk vs. Return Landscape
If you would invest 1,569 in Air Canada on August 25, 2024 and sell it today you would earn a total of 851.00 from holding Air Canada or generate 54.24% return on investment over 90 days. Air Canada is currently producing 0.7085% returns and takes up 2.4869% volatility of returns over 90 trading days. Put another way, 22% of traded stocks are less volatile than Air, and 86% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Air Canada Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Canada's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Air Canada, and traders can use it to determine the average amount a Air Canada's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2849
| Best Portfolio | Best Equity | |||
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| Small Returns | AC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Air Canada is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Air Canada by adding it to a well-diversified portfolio.
Air Canada Fundamentals Growth
Air Stock prices reflect investors' perceptions of the future prospects and financial health of Air Canada, and Air Canada fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Air Stock performance.
| Return On Equity | 1.4 | ||||
| Return On Asset | 0.0331 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 12.66 B | ||||
| Shares Outstanding | 358.49 M | ||||
| Price To Earning | 51.57 X | ||||
| Price To Book | 2.81 X | ||||
| Price To Sales | 0.39 X | ||||
| Revenue | 21.83 B | ||||
| Gross Profit | 4 B | ||||
| EBITDA | 3.98 B | ||||
| Net Income | 2.28 B | ||||
| Cash And Equivalents | 2.69 B | ||||
| Cash Per Share | 24.27 X | ||||
| Total Debt | 13 B | ||||
| Debt To Equity | 6.70 % | ||||
| Current Ratio | 1.15 X | ||||
| Book Value Per Share | 8.62 X | ||||
| Cash Flow From Operations | 4.32 B | ||||
| Earnings Per Share | 6.66 X | ||||
| Market Capitalization | 8.68 B | ||||
| Total Asset | 30.2 B | ||||
| Retained Earnings | (2.02 B) | ||||
| Working Capital | 252 M | ||||
| Current Asset | 4.12 B | ||||
| Current Liabilities | 3.83 B | ||||
About Air Canada Performance
By examining Air Canada's fundamental ratios, stakeholders can obtain critical insights into Air Canada's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Air Canada is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 7.84 | 8.62 | |
| Return On Tangible Assets | 0.09 | 0.09 | |
| Return On Capital Employed | 0.11 | 0.12 | |
| Return On Assets | 0.08 | 0.08 | |
| Return On Equity | 2.86 | 3.00 |
Things to note about Air Canada performance evaluation
Checking the ongoing alerts about Air Canada for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Air Canada help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Air Canada is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: Air Canada Stock Will it Double in the Next Year - MSN |
- Analyzing Air Canada's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Air Canada's stock is overvalued or undervalued compared to its peers.
- Examining Air Canada's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Air Canada's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Air Canada's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Air Canada's stock. These opinions can provide insight into Air Canada's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Air Stock
Air Canada financial ratios help investors to determine whether Air 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 Air with respect to the benefits of owning Air Canada security.