Air Industries Stock Market Value

AIRI -  USA Stock  

USD 0.64  0.01  1.54%

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


Is Air Industries' 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 Air Industries. If investors know Air Industries 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 Air Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
20.5 M
Quarterly Revenue Growth YOY
-0.12
Return On Assets
0.0304
Return On Equity
0.11
The market value of Air Industries Group is measured differently than its book value, which is the value of Air Industries that is recorded on the company's balance sheet. Investors also form their own opinion of Air Industries' value that differs from its market value or its book value, called intrinsic value, which is Air Industries' 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 Air Industries' market value can be influenced by many factors that don't directly affect Air Industries' 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 Air Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Air Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Industries' 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.

Air Industries '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 Industries' 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 Industries.
0.00
03/28/2022
No Change 0.00  0.0 
In 3 months and 1 day
06/26/2022
0.00
If you would invest  0.00  in Air Industries on March 28, 2022 and sell it all today you would earn a total of 0.00 from holding Air Industries Group or generate 0.0% return on investment in Air Industries over 90 days. Air Industries is related to or competes with 3M, Home Depot, Walmart, Pfizer, Merck, JP Morgan, and Procter Gamble. Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies...More

Air Industries 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 Industries' 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 Industries Group upside and downside potential and time the market with a certain degree of confidence.

Air Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Air Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Air Industries' standard deviation. In reality, there are many statistical measures that can use Air Industries historical prices to predict the future Air Industries' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Air Industries' 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 Air Industries in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.030.633.87
Details
Intrinsic
Valuation
LowReal ValueHigh
0.051.094.33
Details
Naive
Forecast
LowNext ValueHigh
0.0119360.603.84
Details
1 Analysts
Consensus
LowTarget PriceHigh
2.502.502.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Air Industries. Your research has to be compared to or analyzed against Air Industries' peers to derive any actionable benefits. When done correctly, Air Industries' 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 Air Industries Group.

Air Industries Group Backtested Returns

Air Industries Group secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had -0.13% 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. Air Industries Group exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Air Industries Group risk adjusted performance of (0.19), and Mean Deviation of 2.4 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.2589, which signifies not very significant fluctuations relative to the market. Let's try to break down what Air Industries's beta means in this case. As returns on the market increase, Air Industries returns are expected to increase less than the market. However, during the bear market, the loss on holding Air Industries will be expected to be smaller as well. Even though it is essential to pay attention to Air Industries Group 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. Air Industries Group exposes twenty-one different technical indicators, which can help you to evaluate its performance. Air Industries Group has an expected return of -0.42%. Please be advised to confirm Air Industries Group treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Air Industries Group performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.39  

Below average predictability

Air Industries Group has below average predictability. Overlapping area represents the amount of predictability between Air Industries time series from 28th of March 2022 to 12th of May 2022 and 12th of May 2022 to 26th of June 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 Air Industries Group price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Air Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test-0.02
Residual Average0.0
Price Variance0.0

Air Industries Group lagged returns against current returns

Autocorrelation, which is Air Industries 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 Industries' stock expected returns. We can calculate the autocorrelation of Air Industries returns to help us make a trade decision. For example, suppose you find that Air Industries 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 

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

Air Industries Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Air Industries without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Air Industries

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

Air Industries Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Air Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Industries 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 Air Industries - 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 Air Industries Group to buy it.
The correlation of Air Industries 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 Air Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Industries Group 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 Air Industries 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 Air Industries Hype Analysis, Air Industries Correlation, Air Industries Valuation, Air Industries Volatility, as well as analyze Air Industries Alpha and Beta and Air Industries Performance. Note that the Air Industries Group information on this page should be used as a complementary analysis to other Air Industries' 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Air Industries Group price analysis, check to measure Air Industries' 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 Industries is operating at the current time. Most of Air Industries' value examination focuses on studying past and present price action to predict the probability of Air Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Air Industries' price. Additionally, you may evaluate how the addition of Air Industries to your portfolios can decrease your overall portfolio volatility.
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Air Industries 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 Air Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Air Industries 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...