Air Lease Stock Market Value
| AL Stock | USD 48.73 0.09 0.19% |
| Symbol | Air |
Air Lease Price To Book Ratio
Is Air Lease'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 Lease. 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 Lease 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 0.556 | Dividend Share 0.81 | Earnings Share 5.14 | Revenue Per Share 24.188 | Quarterly Revenue Growth 0.191 |
The market value of Air Lease 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 Lease's value that differs from its market value or its book value, called intrinsic value, which is Air Lease'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 Lease's market value can be influenced by many factors that don't directly affect Air Lease'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 Lease's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Lease is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Lease'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.
Air Lease '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 Air Lease's 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 Air Lease.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Air Lease on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Air Lease or generate 0.0% return on investment in Air Lease over 30 days. Air Lease is related to or competes with Ryder System, Avis Budget, FlexShopper, and Global Ship. Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to ai... More
Air Lease 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 Air Lease's 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 Air Lease upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.1609 | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.61 |
Air Lease Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Lease's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Lease's standard deviation. In reality, there are many statistical measures that can use Air Lease historical prices to predict the future Air Lease's volatility.| Risk Adjusted Performance | 0.1323 | |||
| Jensen Alpha | 0.3085 | |||
| Total Risk Alpha | 0.1636 | |||
| Sortino Ratio | 0.1521 | |||
| Treynor Ratio | 3.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air Lease's 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.
Air Lease Backtested Returns
Air Lease appears to be very steady, given 3 months investment horizon. Air Lease secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Air Lease, which you can use to evaluate the volatility of the firm. Please makes use of Air Lease's Downside Deviation of 1.68, mean deviation of 1.18, and Risk Adjusted Performance of 0.1323 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Air Lease holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0977, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Air Lease's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air Lease is expected to be smaller as well. Please check Air Lease's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Air Lease's price patterns will revert.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Air Lease has near perfect reversele predictability. Overlapping area represents the amount of predictability between Air Lease time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Air Lease price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Air Lease price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Air Lease lagged returns against current returns
Autocorrelation, which is Air Lease 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 Air Lease's stock expected returns. We can calculate the autocorrelation of Air Lease returns to help us make a trade decision. For example, suppose you find that Air Lease 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 |
Air Lease 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 Air Lease stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air Lease stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air Lease stock over time.
Current vs Lagged Prices |
| Timeline |
Air Lease Lagged Returns
When evaluating Air Lease's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air Lease stock have on its future price. Air Lease 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, Air Lease autocorrelation shows the relationship between Air Lease stock current value and its past values and can show if there is a momentum factor associated with investing in Air Lease.
Regressed Prices |
| Timeline |
Pair Trading with Air Lease
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 Lease 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 Lease will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Stock
| 0.93 | AER | AerCap Holdings NV Financial Report 7th of May 2024 | PairCorr |
Moving against Air Stock
| 0.66 | YAYO | Yayyo Inc | PairCorr |
| 0.49 | WSC | Willscot Mobile Mini Earnings Call This Week | PairCorr |
| 0.48 | VSTS | Vestis | PairCorr |
| 0.48 | HTZ | Hertz Global Holdings Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Air Lease 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 Lease 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 Lease - 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 Lease to buy it.
The correlation of Air Lease 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 Lease moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Lease 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 Lease 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 Air Lease Correlation, Air Lease Volatility and Air Lease Alpha and Beta module to complement your research on Air Lease. For more information on how to buy Air Stock please use our How to buy in Air Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Air Stock analysis
When running Air Lease's price analysis, check to measure Air Lease'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 Lease is operating at the current time. Most of Air Lease's value examination focuses on studying past and present price action to predict the probability of Air Lease'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 Lease's price. Additionally, you may evaluate how the addition of Air Lease to your portfolios can decrease your overall portfolio volatility.
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Air Lease 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.