Air New Zealand Stock Market Value
| ANZLY Stock | USD 1.54 0.00 0.00% |
| Symbol | Air |
Air New '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 New's pink sheet 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 New.
| 05/31/2022 |
| 05/20/2024 |
If you would invest 0.00 in Air New on May 31, 2022 and sell it all today you would earn a total of 0.00 from holding Air New Zealand or generate 0.0% return on investment in Air New over 720 days. Air New is related to or competes with Annaly Capital, Golub Capital, Sprouts Farmers, Senstar Technologies, MMTEC, NexPoint Real, and Bank of America. Air New Zealand Limited provides passenger and cargo transportation services on scheduled airlines primarily in New Zeal... More
Air New 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 New's pink sheet 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 New Zealand upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 20.7 | |||
| Value At Risk | (6.99) | |||
| Potential Upside | 4.76 |
Air New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Air New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air New's standard deviation. In reality, there are many statistical measures that can use Air New historical prices to predict the future Air New's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Air New'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 New Zealand Backtested Returns
Air New Zealand secures Sharpe Ratio (or Efficiency) of -0.0848, which signifies that the company had a -0.0848% return per unit of risk over the last 3 months. Air New Zealand exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Air New's Mean Deviation of 1.9, standard deviation of 3.46, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Air New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Air New is expected to be smaller as well. Air New Zealand has an expected return of -0.3%. Please make sure to confirm Air New Zealand information ratio and kurtosis , to decide if Air New Zealand performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Air New Zealand has modest reverse predictability. Overlapping area represents the amount of predictability between Air New time series from 31st of May 2022 to 26th of May 2023 and 26th of May 2023 to 20th 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 Air New Zealand price movement. The serial correlation of -0.49 indicates that about 49.0% of current Air New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Air New Zealand lagged returns against current returns
Autocorrelation, which is Air New pink sheet'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 New's pink sheet expected returns. We can calculate the autocorrelation of Air New returns to help us make a trade decision. For example, suppose you find that Air New has exhibited high autocorrelation historically, and you observe that the pink sheet 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 New 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 New pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Air New pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Air New pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Air New Lagged Returns
When evaluating Air New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Air New pink sheet have on its future price. Air New 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 New autocorrelation shows the relationship between Air New pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Air New Zealand.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Air New Correlation, Air New Volatility and Air New Alpha and Beta module to complement your research on Air New. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Air Pink Sheet analysis
When running Air New's price analysis, check to measure Air New'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 New is operating at the current time. Most of Air New's value examination focuses on studying past and present price action to predict the probability of Air New'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 New's price. Additionally, you may evaluate how the addition of Air New to your portfolios can decrease your overall portfolio volatility.
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Air New technical pink sheet 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, pink sheet market cycles, or different charting patterns.