Air Liquide Sa Stock Market Value
AIQUY Stock | USD 39.62 0.07 0.18% |
Symbol | Air |
Air Liquide '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 Liquide'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 Air Liquide.
02/18/2024 |
| 04/18/2024 |
If you would invest 0.00 in Air Liquide on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Air Liquide SA or generate 0.0% return on investment in Air Liquide over 60 days. Air Liquide is related to or competes with Alumina, HUMANA, and Spring Valley. LAir Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americ... More
Air Liquide 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 Liquide'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 Air Liquide SA upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.08 | |||
Information Ratio | 0.0051 | |||
Maximum Drawdown | 12.05 | |||
Value At Risk | (1.90) | |||
Potential Upside | 1.83 |
Air Liquide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Liquide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Liquide's standard deviation. In reality, there are many statistical measures that can use Air Liquide historical prices to predict the future Air Liquide's volatility.Risk Adjusted Performance | 0.0313 | |||
Jensen Alpha | 0.0243 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.0075 | |||
Treynor Ratio | 0.0833 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air Liquide'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 Liquide SA Backtested Returns
We consider Air Liquide very steady. Air Liquide SA secures Sharpe Ratio (or Efficiency) of 0.053, which signifies that the company had a 0.053% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Air Liquide SA, which you can use to evaluate the volatility of the firm. Please confirm Air Liquide's Mean Deviation of 0.9204, downside deviation of 1.08, and Risk Adjusted Performance of 0.0313 to double-check if the risk estimate we provide is consistent with the expected return of 0.0853%. Air Liquide has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Air Liquide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Liquide is expected to be smaller as well. Air Liquide SA right now shows a risk of 1.61%. Please confirm Air Liquide SA value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Air Liquide SA will be following its price patterns.
Auto-correlation | -0.89 |
Excellent reverse predictability
Air Liquide SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Air Liquide time series from 18th of February 2024 to 19th of March 2024 and 19th of March 2024 to 18th of April 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 Liquide SA price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Air Liquide price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.89 | |
Spearman Rank Test | -0.8 | |
Residual Average | 0.0 | |
Price Variance | 0.8 |
Air Liquide SA lagged returns against current returns
Autocorrelation, which is Air Liquide 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 Air Liquide's pink sheet expected returns. We can calculate the autocorrelation of Air Liquide returns to help us make a trade decision. For example, suppose you find that Air Liquide 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 |
Air Liquide 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 Liquide pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Liquide pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Liquide pink sheet over time.
Current vs Lagged Prices |
Timeline |
Air Liquide Lagged Returns
When evaluating Air Liquide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Liquide pink sheet have on its future price. Air Liquide 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 Liquide autocorrelation shows the relationship between Air Liquide pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Air Liquide SA.
Regressed Prices |
Timeline |
Pair Trading with Air Liquide
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Liquide position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Liquide will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Pink Sheet
0.67 | CHKEZ | Chesapeake Energy | PairCorr |
0.72 | CHKEL | Chesapeake Energy | PairCorr |
0.66 | ATCOL | Atlas Corp | PairCorr |
The ability to find closely correlated positions to Air Liquide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Liquide when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Liquide - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Liquide SA to buy it.
The correlation of Air Liquide is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Liquide moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Liquide SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air Liquide can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Air Liquide Correlation, Air Liquide Volatility and Air Liquide Alpha and Beta module to complement your research on Air Liquide. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Air Pink Sheet analysis
When running Air Liquide's price analysis, check to measure Air Liquide'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 Air Liquide is operating at the current time. Most of Air Liquide's value examination focuses on studying past and present price action to predict the probability of Air Liquide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Liquide's price. Additionally, you may evaluate how the addition of Air Liquide to your portfolios can decrease your overall portfolio volatility.
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Air Liquide technical pink sheet 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, pink sheet market cycles, or different charting patterns.