Airiq Inc Stock Market Value
| IQ Stock | CAD 0.44 0.01 2.33% |
| Symbol | AirIQ |
AirIQ Inc Price To Book Ratio
AirIQ '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 AirIQ'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 AirIQ.
| 09/10/2024 |
| 11/09/2024 |
If you would invest 0.00 in AirIQ on September 10, 2024 and sell it all today you would earn a total of 0.00 from holding AirIQ Inc or generate 0.0% return on investment in AirIQ over 60 days. AirIQ is related to or competes with Telus Corp, Toronto Dominion, Manulife Financial, TC Energy, Athabasca Oil, Bank of Nova Scotia, and Enbridge. AirIQ Inc. develops and operates a telematics asset management system using specialized software, digitized mapping, wir... More
AirIQ 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 AirIQ'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 AirIQ Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 4.55 |
AirIQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AirIQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AirIQ's standard deviation. In reality, there are many statistical measures that can use AirIQ historical prices to predict the future AirIQ's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (3.04) |
AirIQ Inc Backtested Returns
AirIQ Inc secures Sharpe Ratio (or Efficiency) of -0.0248, which signifies that the company had a -0.0248% return per unit of risk over the last 3 months. AirIQ Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AirIQ's Risk Adjusted Performance of (0.02), standard deviation of 2.0, and Mean Deviation of 0.9126 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0297, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AirIQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding AirIQ is expected to be smaller as well. At this point, AirIQ Inc has a negative expected return of -0.0502%. Please make sure to confirm AirIQ's skewness, as well as the relationship between the day median price and relative strength index , to decide if AirIQ Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
AirIQ Inc has below average predictability. Overlapping area represents the amount of predictability between AirIQ time series from 10th of September 2024 to 10th of October 2024 and 10th of October 2024 to 9th of November 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 AirIQ Inc price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current AirIQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AirIQ Inc lagged returns against current returns
Autocorrelation, which is AirIQ 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 AirIQ's stock expected returns. We can calculate the autocorrelation of AirIQ returns to help us make a trade decision. For example, suppose you find that AirIQ 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 |
AirIQ 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 AirIQ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AirIQ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AirIQ stock over time.
Current vs Lagged Prices |
| Timeline |
AirIQ Lagged Returns
When evaluating AirIQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AirIQ stock have on its future price. AirIQ 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, AirIQ autocorrelation shows the relationship between AirIQ stock current value and its past values and can show if there is a momentum factor associated with investing in AirIQ Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for AirIQ Stock Analysis
When running AirIQ's price analysis, check to measure AirIQ'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 AirIQ is operating at the current time. Most of AirIQ's value examination focuses on studying past and present price action to predict the probability of AirIQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AirIQ's price. Additionally, you may evaluate how the addition of AirIQ to your portfolios can decrease your overall portfolio volatility.