AIRA Capital (Thailand) Market Value
| AIRA Stock | THB 1.82 0.12 7.06% |
| Symbol | AIRA |
AIRA Capital '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 AIRA Capital'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 AIRA Capital.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in AIRA Capital on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding AIRA Capital Public or generate 0.0% return on investment in AIRA Capital over 30 days. AIRA Capital is related to or competes with Srisawad Power, Bangkok Life, JMT Network, Muangthai Capital, and Jay Mart. AIRA Capital Public Company Limited, together with its subsidiaries, provides financial advisory services in Thailand More
AIRA Capital 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 AIRA Capital'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 AIRA Capital Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.29 | |||
| Information Ratio | 0.015 | |||
| Maximum Drawdown | 35.38 | |||
| Value At Risk | (7.95) | |||
| Potential Upside | 10.37 |
AIRA Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIRA Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIRA Capital's standard deviation. In reality, there are many statistical measures that can use AIRA Capital historical prices to predict the future AIRA Capital's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.2083 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0134 | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AIRA Capital'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.
AIRA Capital Public Backtested Returns
We consider AIRA Capital dangerous. AIRA Capital Public secures Sharpe Ratio (or Efficiency) of 0.0311, which signifies that the company had a 0.0311% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for AIRA Capital Public, which you can use to evaluate the volatility of the firm. Please confirm AIRA Capital's mean deviation of 3.36, and Risk Adjusted Performance of 0.0252 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. AIRA Capital has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -1.51, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning AIRA Capital are expected to decrease by larger amounts. On the other hand, during market turmoil, AIRA Capital is expected to outperform it. AIRA Capital Public now shows a risk of 5.85%. Please confirm AIRA Capital Public sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if AIRA Capital Public will be following its price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
AIRA Capital Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between AIRA Capital time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 AIRA Capital Public price movement. The serial correlation of -0.2 indicates that over 20.0% of current AIRA Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AIRA Capital Public lagged returns against current returns
Autocorrelation, which is AIRA Capital 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 AIRA Capital's stock expected returns. We can calculate the autocorrelation of AIRA Capital returns to help us make a trade decision. For example, suppose you find that AIRA Capital 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 |
AIRA Capital 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 AIRA Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIRA Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIRA Capital stock over time.
Current vs Lagged Prices |
| Timeline |
AIRA Capital Lagged Returns
When evaluating AIRA Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIRA Capital stock have on its future price. AIRA Capital 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, AIRA Capital autocorrelation shows the relationship between AIRA Capital stock current value and its past values and can show if there is a momentum factor associated with investing in AIRA Capital Public.
Regressed Prices |
| Timeline |
Pair Trading with AIRA Capital
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 AIRA Capital 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 AIRA Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AIRA Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AIRA Capital 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 AIRA Capital - 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 AIRA Capital Public to buy it.
The correlation of AIRA Capital 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 AIRA Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AIRA Capital Public 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 AIRA Capital 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 AIRA Capital Correlation, AIRA Capital Volatility and AIRA Capital Alpha and Beta module to complement your research on AIRA Capital. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for AIRA Stock analysis
When running AIRA Capital's price analysis, check to measure AIRA Capital'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 AIRA Capital is operating at the current time. Most of AIRA Capital's value examination focuses on studying past and present price action to predict the probability of AIRA Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AIRA Capital's price. Additionally, you may evaluate how the addition of AIRA Capital to your portfolios can decrease your overall portfolio volatility.
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