This firm's average rating is Buy from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on AeroCentury Corp market sentiment investors' perception of the future value of AeroCentury. Let us look at a few aspects of AeroCentury technical analysis.
How does AeroCentury Stands against Peers?
Analyzing AeroCentury Corp competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to AeroCentury Corp across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
AeroCentury Corp Competition DetailsCloser look at AeroCentury Corp Downside Variance
AeroCentury Corp has current Downside Variance of 89.23. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.
Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.
Downside Variance | = | SUM(RET DEV)2 N(ER) |
| = | 89.23 |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N(ER) | = | Number of points with returns less than expected return for the period |
Let's now compare AeroCentury Corp Downside Variance to its closest peers:
| ACY | 89.23 |
| AL | 10.23 |
| CAI | 7.76 |
| CAR | 16.71 |
Are AeroCentury Corp technical ratios showing a bounce-back?
The information ratio is down to 0.13 as of today. AeroCentury Corp is showing large volatility of returns over the selected time horizon. We encourage all investors to investigate this asset further to make sure related market timing strategies are aligned with all the expectations about AeroCentury Corp implied risk.
The Bottom Line
While some other firms within the rental & leasing services industry are still a little expensive, even after the recent corrections, AeroCentury Corp may offer a potential longer-term growth to investors. Taking everything into account, as of the 3rd of January 2021, our concluding 30 days recommendation on the company is
Strong Sell. We believe AeroCentury Corp is currently
overvalued with
below average odds of financial turmoil for the next two years.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of AeroCentury Corp. Please refer to our
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