Air Transport Stock Forecast - Accumulation Distribution
| ATSG Stock | USD 12.83 0.19 1.50% |
Air Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Air Transport stock prices and determine the direction of Air Transport Services's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Air Transport's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Air Transport's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Air Transport's systematic risk associated with finding meaningful patterns of Air Transport fundamentals over time.
Check out Historical Fundamental Analysis of Air Transport to cross-verify your projections. Air |
Open Interest Against 2024-05-17 Air Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Air Transport's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Air Transport's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Air Transport stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Air Transport's open interest, investors have to compare it to Air Transport's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Air Transport is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Air. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Air Transport cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Air Transport's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Air Transport's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Air Transport is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Air Transport Services to determine if accumulation or reduction is taking place in the market. This value is adjusted by Air Transport trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 11556.03 | 10237.7 |
| Check Air Transport Volatility | Backtest Air Transport | Information Ratio |
Air Transport Trading Date Momentum
| On April 22 2024 Air Transport Services was traded for 12.83 at the closing time. The top price for the day was 12.93 and the lowest listed price was 12.57 . The trading volume for the day was 367.7 K. The trading history from April 22, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.70% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Air Transport to competition |
Other Forecasting Options for Air Transport
For every potential investor in Air, whether a beginner or expert, Air Transport's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Air Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Air. Basic forecasting techniques help filter out the noise by identifying Air Transport's price trends.Air Transport Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Air Transport stock to make a market-neutral strategy. Peer analysis of Air Transport could also be used in its relative valuation, which is a method of valuing Air Transport by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Air Transport Services Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Air Transport's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Air Transport's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Air Transport Market Strength Events
Market strength indicators help investors to evaluate how Air Transport stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Air Transport shares will generate the highest return on investment. By undertsting and applying Air Transport stock market strength indicators, traders can identify Air Transport Services entry and exit signals to maximize returns.
| Accumulation Distribution | 10237.7 | |||
| Daily Balance Of Power | 0.5278 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 12.75 | |||
| Day Typical Price | 12.78 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | 0.19 |
Air Transport Risk Indicators
The analysis of Air Transport's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Air Transport's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting air stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.13 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.62 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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
| 0.61 | HA | Hawaiian Holdings Earnings Call Today | PairCorr |
| 0.73 | VLRS | Volaris | PairCorr |
| 0.69 | WERN | Werner Enterprises Earnings Call This Week | PairCorr |
Moving against Air Stock
| 0.82 | CP | Canadian Pacific Railway Earnings Call Tomorrow | PairCorr |
| 0.73 | CNI | Canadian National Railway Earnings Call Today | PairCorr |
| 0.73 | ULH | Universal Logistics Earnings Call This Week | PairCorr |
| 0.72 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
| 0.65 | CPA | Copa Holdings SA Financial Report 8th of May 2024 | 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 Historical Fundamental Analysis of Air Transport to cross-verify your projections. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.