AIR LIQUIDE (Germany) Market Value
| AILA Stock | EUR 31.80 0.20 0.62% |
| Symbol | AIR |
AIR LIQUIDE '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 LIQUIDE'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 LIQUIDE.
| 06/03/2024 |
| 07/03/2024 |
If you would invest 0.00 in AIR LIQUIDE on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding AIR LIQUIDE ADR or generate 0.0% return on investment in AIR LIQUIDE over 30 days. AIR LIQUIDE is related to or competes with Air Liquide, SIVERS SEMICONDUCTORS, NorAm Drilling, Identiv, Darden Restaurants, Reliance Steel, and RYOHIN UNSPADR1. LAir Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americ... More
AIR LIQUIDE 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 LIQUIDE'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 LIQUIDE ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.86 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 1.81 |
AIR LIQUIDE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIR LIQUIDE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIR LIQUIDE's standard deviation. In reality, there are many statistical measures that can use AIR LIQUIDE historical prices to predict the future AIR LIQUIDE's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0587 | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AIR LIQUIDE'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 LIQUIDE ADR Backtested Returns
AIR LIQUIDE ADR secures Sharpe Ratio (or Efficiency) of -0.0167, which signifies that the company had a -0.0167% return per unit of risk over the last 3 months. AIR LIQUIDE ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AIR LIQUIDE's risk adjusted performance of (0), and Mean Deviation of 1.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AIR LIQUIDE's returns are expected to increase less than the market. However, during the bear market, the loss of holding AIR LIQUIDE is expected to be smaller as well. At this point, AIR LIQUIDE ADR has a negative expected return of -0.0461%. Please make sure to confirm AIR LIQUIDE's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if AIR LIQUIDE ADR performance from the past will be repeated in the future.
Auto-correlation | 0.01 |
Virtually no predictability
AIR LIQUIDE ADR has virtually no predictability. Overlapping area represents the amount of predictability between AIR LIQUIDE time series from 3rd of June 2024 to 18th of June 2024 and 18th of June 2024 to 3rd of July 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 LIQUIDE ADR price movement. The serial correlation of 0.01 indicates that just 1.0% of current AIR LIQUIDE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
AIR LIQUIDE ADR lagged returns against current returns
Autocorrelation, which is AIR LIQUIDE 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 LIQUIDE's stock expected returns. We can calculate the autocorrelation of AIR LIQUIDE returns to help us make a trade decision. For example, suppose you find that AIR LIQUIDE 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 LIQUIDE 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 LIQUIDE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIR LIQUIDE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIR LIQUIDE stock over time.
Current vs Lagged Prices |
| Timeline |
AIR LIQUIDE Lagged Returns
When evaluating AIR LIQUIDE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIR LIQUIDE stock have on its future price. AIR LIQUIDE 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 LIQUIDE autocorrelation shows the relationship between AIR LIQUIDE stock current value and its past values and can show if there is a momentum factor associated with investing in AIR LIQUIDE ADR.
Regressed Prices |
| Timeline |
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Other Information on Investing in AIR Stock
AIR LIQUIDE financial ratios help investors to determine whether AIR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AIR with respect to the benefits of owning AIR LIQUIDE security.