We consider American Airlines not too volatile. American Airlines Group secures Sharpe Ratio (or Efficiency) of 0.0244 which signifies that American Airlines Group had 0.0244% of return per unit of standard deviation over the last 1 month. Our philosophy in 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 American Airlines Group Inc which you can use to evaluate future volatility of the firm. Please confirm American Airlines Group Mean Deviation of 1.6 and Risk Adjusted Performance of
0.069824 to double-check if risk estimate we provide are consistent with the epected return of 0.0539%.
|Time Horizon||30 Days Login to change|
American Airlines Market Sensitivity
|American Airlines returns are very sensitive to returns on the market. As market goes up or down, American Airlines is expected to follow.One Month Beta |Analyze American Airlines Group Demand TrendCheck current 30 days American Airlines correlation with market (DOW)|
β = 0.9547
American Airlines Group Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, American Airlines has beta of 0.9547 . This suggests American Airlines Group Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, American Airlines is expected to follow. Moreover, American Airlines Group Inc has an alpha of 0.0509 implying that it can potentially generate 0.0509% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of American Airlines is 4094.83. The daily returns are destributed with a variance of 4.87 and standard deviation of 2.21. The mean deviation of American Airlines Group Inc is currently at 1.51. For similar time horizon, the selected benchmark (DOW) has volatility of 1.75