AeroCentury Story

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ACY -- USA Stock  

USD 10.17  0.82  7.46%

Considering the 90-day investment horizon AeroCentury Corp is expected to under-perform the market. In addition to that, the company is 11.79 times more volatile than its market benchmark. It trades about -0.11 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.17 per unit of volatility. While many risk-averse investors are getting carried away by overanalyzing industrials space, it is reasonable to break down AeroCentury Corp. We will evaluate if the latest AeroCentury Corp price volatility suggests a bounce in May.
Published over two weeks ago
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AeroCentury Corp (NYSEMKT:ACY) high volatility trend continues
AeroCentury Corp has roughly 4.86 M in cash with 6.01 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.15.
The firm shows a Beta (market volatility) of 6.79, which signifies a somewhat significant risk relative to the market. Let's try to break down what AeroCentury's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, AeroCentury Corp will likely underperform. Even though it is essential to pay attention to AeroCentury Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. AeroCentury Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. AeroCentury Corp has an expected return of -1.12%. Please be advised to confirm AeroCentury Corp standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if AeroCentury Corp stock performance from the past will be repeated at some point in the near future.
Volatility is a rate at which the price of AeroCentury Corp or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of AeroCentury Corp may increase or decrease. In other words, similar to AeroCentury's beta indicator, it measures the risk of AeroCentury Corp and helps estimate the fluctuations that may happen in a short period of time. So if prices of AeroCentury Corp fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is AeroCentury Corp's Liquidity

AeroCentury Corp financial leverage refers to using borrowed capital as a funding source to finance AeroCentury Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. AeroCentury Corp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between AeroCentury Corp's total debt and its cash.

How AeroCentury utilizes its cash?

To perform a cash flow analysis of AeroCentury Corp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash AeroCentury Corp is receiving and how much cash it distributes out in a given period. The AeroCentury Corp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
AeroCentury Corp Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. AeroCentury Corp reported Net Cash Flow from Operations of 9.4 Million in 2020

AeroCentury Corp Volatility Drivers

AeroCentury Corp unsystematic risk is unique to AeroCentury Corp and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in AeroCentury Corp you can also buy China Bat Group. You can also mitigate this risk by investing in the rental & leasing services sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing AeroCentury Corp important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in AeroCentury Corp income statement and balance sheet. Here are more details about AeroCentury volatility.
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