AeroCentury Story

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ACY -- USA Stock  

USD 11.00  0.01  0.09%

AeroCentury Corp is generating 1.6518% of daily returns assuming volatility of 24.0607% on return distribution over 60 days investment horizon. 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 AeroCentury Corp's current volatility will continue into 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.
AeroCentury Corp holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.0631, 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 returns on the market increase, returns on owning AeroCentury Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, AeroCentury Corp is expected to outperform it. Although it is essential to pay attention to AeroCentury Corp historical returns, it is also good to be reasonable about what you can do with equity current trending patterns. Our philosophy towards foreseeing future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if AeroCentury Corp expected return of 1.65 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use AeroCentury Corp standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to analyze future returns on AeroCentury Corp.
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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