AEGEAN AIRLINES (Germany) Market Value
| 32A Stock | EUR 11.65 0.04 0.34% |
| Symbol | AEGEAN |
AEGEAN AIRLINES '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 AEGEAN AIRLINES'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 AEGEAN AIRLINES.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in AEGEAN AIRLINES on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding AEGEAN AIRLINES or generate 0.0% return on investment in AEGEAN AIRLINES over 30 days. AEGEAN AIRLINES is related to or competes with Apple, Apple, Apple, Microsoft, Microsoft, Microsoft, and Amazon. More
AEGEAN AIRLINES 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 AEGEAN AIRLINES'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 AEGEAN AIRLINES upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.26 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.35 |
AEGEAN AIRLINES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AEGEAN AIRLINES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AEGEAN AIRLINES's standard deviation. In reality, there are many statistical measures that can use AEGEAN AIRLINES historical prices to predict the future AEGEAN AIRLINES's volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AEGEAN AIRLINES'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.
AEGEAN AIRLINES Backtested Returns
AEGEAN AIRLINES secures Sharpe Ratio (or Efficiency) of -0.0023, which signifies that the company had a -0.0023% return per unit of risk over the last 3 months. AEGEAN AIRLINES exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AEGEAN AIRLINES's Mean Deviation of 1.21, risk adjusted performance of 7.0E-4, and Standard Deviation of 1.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AEGEAN AIRLINES's returns are expected to increase less than the market. However, during the bear market, the loss of holding AEGEAN AIRLINES is expected to be smaller as well. At this point, AEGEAN AIRLINES has a negative expected return of -0.0036%. Please make sure to confirm AEGEAN AIRLINES's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if AEGEAN AIRLINES performance from the past will be repeated at some future date.
Auto-correlation | -0.93 |
Near perfect reversele predictability
AEGEAN AIRLINES has near perfect reversele predictability. Overlapping area represents the amount of predictability between AEGEAN AIRLINES time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 AEGEAN AIRLINES price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current AEGEAN AIRLINES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
AEGEAN AIRLINES lagged returns against current returns
Autocorrelation, which is AEGEAN AIRLINES 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 AEGEAN AIRLINES's stock expected returns. We can calculate the autocorrelation of AEGEAN AIRLINES returns to help us make a trade decision. For example, suppose you find that AEGEAN AIRLINES 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 |
AEGEAN AIRLINES 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 AEGEAN AIRLINES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AEGEAN AIRLINES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AEGEAN AIRLINES stock over time.
Current vs Lagged Prices |
| Timeline |
AEGEAN AIRLINES Lagged Returns
When evaluating AEGEAN AIRLINES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AEGEAN AIRLINES stock have on its future price. AEGEAN AIRLINES 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, AEGEAN AIRLINES autocorrelation shows the relationship between AEGEAN AIRLINES stock current value and its past values and can show if there is a momentum factor associated with investing in AEGEAN AIRLINES.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in AEGEAN Stock
AEGEAN AIRLINES financial ratios help investors to determine whether AEGEAN 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 AEGEAN with respect to the benefits of owning AEGEAN AIRLINES security.