Auckland International Airport Stock Market Value
| ACKDF Stock | USD 4.88 0.21 4.50% |
| Symbol | Auckland |
Auckland International '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 Auckland International'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 Auckland International.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Auckland International on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Auckland International Airport or generate 0.0% return on investment in Auckland International over 30 days. Auckland International is related to or competes with Corporacion America, Saker Aviation, and AerSale Corp. Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services... More
Auckland International 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 Auckland International'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 Auckland International Airport upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.04 |
Auckland International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auckland International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auckland International's standard deviation. In reality, there are many statistical measures that can use Auckland International historical prices to predict the future Auckland International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.4131 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Auckland International'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.
Auckland International Backtested Returns
Auckland International secures Sharpe Ratio (or Efficiency) of -0.0622, which signifies that the company had a -0.0622% return per unit of standard deviation over the last 3 months. Auckland International Airport exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Auckland International's risk adjusted performance of (0.04), and Mean Deviation of 0.3065 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Auckland International are expected to decrease at a much lower rate. During the bear market, Auckland International is likely to outperform the market. Auckland International has an expected return of -0.0888%. Please make sure to confirm Auckland International coefficient of variation, skewness, price action indicator, as well as the relationship between the information ratio and rate of daily change , to decide if Auckland International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Auckland International Airport has no correlation between past and present. Overlapping area represents the amount of predictability between Auckland International time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Auckland International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Auckland International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Auckland International lagged returns against current returns
Autocorrelation, which is Auckland International 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 Auckland International's pink sheet expected returns. We can calculate the autocorrelation of Auckland International returns to help us make a trade decision. For example, suppose you find that Auckland International 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 |
Auckland International 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 Auckland International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auckland International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auckland International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Auckland International Lagged Returns
When evaluating Auckland International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auckland International pink sheet have on its future price. Auckland International 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, Auckland International autocorrelation shows the relationship between Auckland International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Auckland International Airport.
Regressed Prices |
| Timeline |
Pair Trading with Auckland International
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 Auckland International 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 Auckland International will appreciate offsetting losses from the drop in the long position's value.Moving against Auckland Pink Sheet
| 0.71 | ANYYY | Aena SME SA | PairCorr |
| 0.7 | ANNSF | Aena SME SA | PairCorr |
| 0.67 | CSL | Carlisle Companies | PairCorr |
The ability to find closely correlated positions to Auckland International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auckland International 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 Auckland International - 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 Auckland International Airport to buy it.
The correlation of Auckland International 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 Auckland International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auckland International 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 Auckland International 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 Auckland International Correlation, Auckland International Volatility and Auckland International Alpha and Beta module to complement your research on Auckland International. Note that the Auckland International information on this page should be used as a complementary analysis to other Auckland International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Auckland Pink Sheet analysis
When running Auckland International's price analysis, check to measure Auckland International'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 Auckland International is operating at the current time. Most of Auckland International's value examination focuses on studying past and present price action to predict the probability of Auckland International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auckland International's price. Additionally, you may evaluate how the addition of Auckland International to your portfolios can decrease your overall portfolio volatility.
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Auckland International 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.