Airgain Stock Market Value

AIRG
 Stock
  

USD 8.17  0.29  3.68%   

Airgain's market value is the price at which a share of Airgain stock trades on a public exchange. It measures the collective expectations of Airgain investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Airgain and determine expected loss or profit from investing in Airgain over a given investment horizon. Please continue to Airgain Hype Analysis, Airgain Correlation, Airgain Valuation, Airgain Volatility, as well as analyze Airgain Alpha and Beta and Airgain Performance.
Symbol


Is Airgain's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Airgain. If investors know Airgain will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Airgain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-1.0
Market Capitalization
83.2 M
Quarterly Revenue Growth YOY
0.008
Return On Assets
-0.0974
Return On Equity
-0.28
The market value of Airgain is measured differently than its book value, which is the value of Airgain that is recorded on the company's balance sheet. Investors also form their own opinion of Airgain's value that differs from its market value or its book value, called intrinsic value, which is Airgain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Airgain's market value can be influenced by many factors that don't directly affect Airgain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Airgain's value and its price as these two are different measures arrived at by different means. Investors typically determine Airgain value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airgain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Airgain '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 Airgain'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 Airgain.
0.00
07/13/2022
No Change 0.00  0.0 
In 30 days
08/12/2022
0.00
If you would invest  0.00  in Airgain on July 13, 2022 and sell it all today you would earn a total of 0.00 from holding Airgain or generate 0.0% return on investment in Airgain over 30 days. Airgain is related to or competes with Cisco Systems, and Apple. Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertica...More

Airgain 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 Airgain'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 Airgain upside and downside potential and time the market with a certain degree of confidence.

Airgain Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Airgain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Airgain's standard deviation. In reality, there are many statistical measures that can use Airgain historical prices to predict the future Airgain's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Airgain'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. Please use the tools below to analyze the current value of Airgain in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
4.398.1111.83
Details
Intrinsic
Valuation
LowReal ValueHigh
6.6910.4114.14
Details
Naive
Forecast
LowNext ValueHigh
4.418.1311.85
Details
6 Analysts
Consensus
LowTarget PriceHigh
13.0016.6020.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Airgain. Your research has to be compared to or analyzed against Airgain's peers to derive any actionable benefits. When done correctly, Airgain's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Airgain.

Airgain Backtested Returns

Airgain secures Sharpe Ratio (or Efficiency) of -0.0853, which signifies that the company had -0.0853% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Airgain exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Airgain risk adjusted performance of (0.016445), and Mean Deviation of 2.92 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.3169, which signifies a somewhat significant risk relative to the market. Let's try to break down what Airgain's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Airgain will likely underperform. Even though it is essential to pay attention to Airgain historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Airgain exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Airgain has an expected return of -0.32%. Please be advised to confirm Airgain downside variance, and the relationship between the treynor ratio and kurtosis to decide if Airgain performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.14  

Insignificant predictability

Airgain has insignificant predictability. Overlapping area represents the amount of predictability between Airgain time series from 13th of July 2022 to 28th of July 2022 and 28th of July 2022 to 12th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Airgain price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Airgain price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.08
Residual Average0.0
Price Variance0.02

Airgain lagged returns against current returns

Autocorrelation, which is Airgain 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 Airgain's stock expected returns. We can calculate the autocorrelation of Airgain returns to help us make a trade decision. For example, suppose you find that Airgain stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Airgain 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 Airgain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Airgain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Airgain stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Airgain Lagged Returns

When evaluating Airgain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Airgain stock have on its future price. Airgain 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, Airgain autocorrelation shows the relationship between Airgain stock current value and its past values and can show if there is a momentum factor associated with investing in Airgain.
   Regressed Prices   
Share
       Timeline  

Airgain Investors Sentiment

The influence of Airgain's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Airgain. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Airgain's public news can be used to forecast risks associated with investment in Airgain. The trend in average sentiment can be used to explain how an investor holding Airgain can time the market purely based on public headlines and social activities around Airgain. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Airgain's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Airgain's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Airgain's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Airgain.

Airgain Implied Volatility

    
  160.5  
Airgain's implied volatility exposes the market's sentiment of Airgain stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Airgain's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Airgain stock will not fluctuate a lot when Airgain's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Airgain in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Airgain's short interest history, or implied volatility extrapolated from Airgain options trading.

Pair Trading with Airgain

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 Airgain 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 Airgain will appreciate offsetting losses from the drop in the long position's value.

Moving together with Airgain

0.69HPEHewlett Packard Ente Fiscal Year End 29th of November 2022 PairCorr
0.74MINMMinim Inc Earnings Call  This WeekPairCorr

Moving against Airgain

0.52CLFDClearfield Fiscal Year End 3rd of November 2022 PairCorr
The ability to find closely correlated positions to Airgain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airgain 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 Airgain - 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 Airgain to buy it.
The correlation of Airgain is a statistical measure of how it moves in relation to other equities. 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 Airgain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Airgain 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 Airgain 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.
Pair CorrelationCorrelation Matching
Please continue to Airgain Hype Analysis, Airgain Correlation, Airgain Valuation, Airgain Volatility, as well as analyze Airgain Alpha and Beta and Airgain Performance. Note that the Airgain information on this page should be used as a complementary analysis to other Airgain'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Airgain price analysis, check to measure Airgain'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 Airgain is operating at the current time. Most of Airgain's value examination focuses on studying past and present price action to predict the probability of Airgain's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Airgain's price. Additionally, you may evaluate how the addition of Airgain to your portfolios can decrease your overall portfolio volatility.
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Airgain technical stock 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, stock market cycles, or different charting patterns.
A focus of Airgain technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Airgain trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...