Air Lease Backtesting

Air Lease Corporation -- USA Stock  

USD 48.38  0.33  0.68%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Air Lease Corporation and determine expected loss or profit from investing in Air Lease over given investment horizon. Check also Air Lease Hype Analysis, Air Lease Correlation, Air Lease Valuation, Air Lease Volatility as well as analyze Air Lease Alpha and Beta and Air Lease Performance
 Time Horizon     30 Days    Login   to change
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Backtest

Air Lease 'What if' Analysis

December 22, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 21, 2018
0.00
If you would invest  0.00  in Air Lease on December 22, 2017 and sell it all today you would earn a total of 0.00 from holding Air Lease Corporation or generate 0.0% return on investment in Air Lease over 30 days. Air Lease is related to or competes with Genpact Limited, NetSuite, Visa, Zillow, BlackLine. Air Lease Corporation also sells aircraft from its operating lease portfolio to third parties including other leasing co...

Air Lease Upside/Downside Indicators

  

Air Lease Market Premium Indicators

Air Lease lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Air Lease regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Air Lease Backtested Returns

We consider Air Lease not too risky. Air Lease secures Sharpe Ratio (or Efficiency) of 0.0943 which signifies that Air Lease had 0.0943% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Air Lease Corporation which you can use to evaluate future volatility of the firm. Please confirm Air Lease Downside Deviation of 1.18, Risk Adjusted Performance of 0.0762 and Mean Deviation of 0.7579 to double-check if risk estimate we provide are consistent with the epected return of 0.1088%. Air Lease has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.8241 which signifies that as returns on market increase, Air Lease returns are expected to increase less than the market. However during bear market, the loss on holding Air Lease will be expected to be smaller as well.. Although it is extremely important to respect Air Lease historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Air Lease technical indicators you can presently evaluate if the expected return of 0.1088% will be sustainable into the future. Air Lease right now shows a risk of 1.1538%. Please confirm Air Lease Value At Risk, and the relationship between Jensen Alpha and Semi Variance to decide if Air Lease will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Air Lease Corporation has no correlation between past and present. Overlapping area represents the amount of predictability between Air Lease time series from December 22, 2017 to January 6, 2018 and January 6, 2018 to January 21, 2018. 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 Lease price movement. The serial correlation of 0.0 indicates that just 0.0% of current Air Lease price fluctuation can be explain by its past prices.
Spearman Rank Test -0.18
Price Variance 0.35
Lagged Price Variance 0.03
Average Price 49.06

Air Lease Lagged Returns

 Regressed Prices 
      Timeline 

Air Lease Performance vs DOW

The median price of Air Lease for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 48.31 with a coefficient of variation of 1.78. The daily time series for the period is distributed with a sample standard deviation of 0.86, arithmetic mean of 48.31, and mean deviation of 0.63. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Air Lease Corporation to Present at Dublin Conferences01/18/2018