Aviation Links (Israel) Market Value
| AVIA Stock | 1,530 0.00 0.00% |
| Symbol | Aviation |
Aviation Links '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 Aviation Links' 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 Aviation Links.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Aviation Links on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aviation Links or generate 0.0% return on investment in Aviation Links over 30 days. Aviation Links is related to or competes with Clal Insurance, Israel Discount, Bezeq Israeli, Alony Hetz, and Harel Insurance. Aviation Links Ltd. provides tourism services in Israel and internationally More
Aviation Links 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 Aviation Links' 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 Aviation Links upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.1757 | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 5.79 |
Aviation Links Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aviation Links' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aviation Links' standard deviation. In reality, there are many statistical measures that can use Aviation Links historical prices to predict the future Aviation Links' volatility.| Risk Adjusted Performance | 0.1399 | |||
| Jensen Alpha | 0.6048 | |||
| Total Risk Alpha | 0.1871 | |||
| Sortino Ratio | 0.1968 | |||
| Treynor Ratio | (0.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aviation Links' 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.
Aviation Links Backtested Returns
Aviation Links appears to be very steady, given 3 months investment horizon. Aviation Links secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing Aviation Links' technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of Aviation Links' Risk Adjusted Performance of 0.1399, mean deviation of 1.93, and Downside Deviation of 2.34 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aviation Links holds a performance score of 16. The firm shows a Beta (market volatility) of -0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aviation Links are expected to decrease at a much lower rate. During the bear market, Aviation Links is likely to outperform the market. Please check Aviation Links' downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Aviation Links' price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Aviation Links has average predictability. Overlapping area represents the amount of predictability between Aviation Links time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Aviation Links price movement. The serial correlation of 0.47 indicates that about 47.0% of current Aviation Links price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 620.12 |
Aviation Links lagged returns against current returns
Autocorrelation, which is Aviation Links 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 Aviation Links' stock expected returns. We can calculate the autocorrelation of Aviation Links returns to help us make a trade decision. For example, suppose you find that Aviation Links 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 |
Aviation Links 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 Aviation Links stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aviation Links stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aviation Links stock over time.
Current vs Lagged Prices |
| Timeline |
Aviation Links Lagged Returns
When evaluating Aviation Links' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aviation Links stock have on its future price. Aviation Links 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, Aviation Links autocorrelation shows the relationship between Aviation Links stock current value and its past values and can show if there is a momentum factor associated with investing in Aviation Links.
Regressed Prices |
| Timeline |
Pair Trading with Aviation Links
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 Aviation Links 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 Aviation Links will appreciate offsetting losses from the drop in the long position's value.Moving against Aviation Stock
| 0.62 | ARAD | Arad Investment Indu | PairCorr |
The ability to find closely correlated positions to Aviation Links could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aviation Links 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 Aviation Links - 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 Aviation Links to buy it.
The correlation of Aviation Links 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 Aviation Links moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aviation Links 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 Aviation Links 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 Aviation Links Correlation, Aviation Links Volatility and Aviation Links Alpha and Beta module to complement your research on Aviation Links. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Aviation Stock analysis
When running Aviation Links' price analysis, check to measure Aviation Links' 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 Aviation Links is operating at the current time. Most of Aviation Links' value examination focuses on studying past and present price action to predict the probability of Aviation Links' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aviation Links' price. Additionally, you may evaluate how the addition of Aviation Links to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |
Aviation Links technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.