Air Price To Book Ratio from 2010 to 2024
| ATSG Stock | USD 12.91 0.18 1.41% |
Price To Book Ratio | First Reported 2010-12-31 | Previous Quarter 0.88314915 | Current Value 1.43 | Quarterly Volatility 0.9512626 |
Check Air Transport financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Air main balance sheet or income statement drivers, such as Interest Expense of 85.9 M, Total Revenue of 1.3 B or Gross Profit of 189.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.48, Dividend Yield of 0.0 or PTB Ratio of 1.43. Air financial statements analysis is a perfect complement when working with Air Transport Valuation or Volatility modules.
Air | Price To Book Ratio |
Latest Air Transport's Price To Book Ratio Growth Pattern
Below is the plot of the Price To Book Ratio of Air Transport Services over the last few years. It is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter’s book value per share. Air Transport's Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Air Transport's overall financial position and show how it may be relating to other accounts over time.
| Price To Book Ratio | 10 Years Trend |
|
Price To Book Ratio |
| Timeline |
Air Price To Book Ratio Regression Statistics
| Arithmetic Mean | 1.66 | |
| Geometric Mean | 1.38 | |
| Coefficient Of Variation | 57.17 | |
| Mean Deviation | 0.68 | |
| Median | 1.43 | |
| Standard Deviation | 0.95 | |
| Sample Variance | 0.90 | |
| Range | 3.4035 | |
| R-Value | 0.17 | |
| Mean Square Error | 0.95 | |
| R-Squared | 0.03 | |
| Significance | 0.55 | |
| Slope | 0.04 | |
| Total Sum of Squares | 12.67 |
Air Price To Book Ratio History
About Air Transport Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Air Transport income statement, its balance sheet, and the statement of cash flows. Air Transport investors use historical funamental indicators, such as Air Transport's Price To Book Ratio, to determine how well the company is positioned to perform in the future. Although Air Transport investors may use each financial statement separately, they are all related. The changes in Air Transport's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Air Transport's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Air Transport Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Air Transport. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Book Ratio | 0.88 | 1.43 |
Air Transport Investors Sentiment
The influence of Air Transport's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Air. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Air Transport's public news can be used to forecast risks associated with an investment in Air. The trend in average sentiment can be used to explain how an investor holding Air can time the market purely based on public headlines and social activities around Air Transport Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Air Transport's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Air Transport's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Air Transport's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Air Transport.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Air Transport in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Air Transport's short interest history, or implied volatility extrapolated from Air Transport options trading.
Pair Trading with Air Transport
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 Transport 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 Transport will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Stock
| 0.62 | HA | Hawaiian Holdings | PairCorr |
Moving against Air Stock
| 0.81 | SKYW | SkyWest | PairCorr |
| 0.68 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.63 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
| 0.61 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.6 | B | Barnes Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Air Transport 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 Transport 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 Transport - 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 Transport Services to buy it.
The correlation of Air Transport 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 Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Transport Services 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 Transport 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 the analysis of Air Transport Correlation against competitors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Air Stock analysis
When running Air Transport's price analysis, check to measure Air Transport'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 Transport is operating at the current time. Most of Air Transport's value examination focuses on studying past and present price action to predict the probability of Air Transport'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 Transport's price. Additionally, you may evaluate how the addition of Air Transport to your portfolios can decrease your overall portfolio volatility.
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Is Air Transport's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air Transport. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air Transport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.58) | Earnings Share 0.82 | Revenue Per Share 30.166 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0272 |
The market value of Air Transport Services is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Transport's value that differs from its market value or its book value, called intrinsic value, which is Air Transport's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air Transport's market value can be influenced by many factors that don't directly affect Air Transport's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Transport's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.