Airgain Stock Performance

AIRG
 Stock
  

USD 8.51  0.01  0.12%   

The firm shows a Beta (market volatility) of 1.4445, 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 -0.19%. 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.
  
Airgain Performance
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Over the last 90 days Airgain has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest conflicting performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more

Airgain Price Channel

Quick Ratio1.23
Fifty Two Week Low6.79
Target High Price18.00
Fifty Two Week High15.25
Target Low Price10.50

Airgain Relative Risk vs. Return Landscape

If you would invest  999.00  in Airgain on May 18, 2022 and sell it today you would lose (148.00)  from holding Airgain or give up 14.81% of portfolio value over 90 days. Airgain is currently does not generate positive expected returns and assumes 3.6971% risk (volatility on return distribution) over the 90 days horizon. In different words, 32% of stocks are less volatile than Airgain, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Airgain is expected to under-perform the market. In addition to that, the company is 3.16 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.11 per unit of volatility.

Airgain Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Airgain's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Airgain, and traders can use it to determine the average amount a Airgain's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0515

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Negative ReturnsAIRG
Estimated Market Risk
 3.7
  actual daily
 
 32 %
of total potential
 
3232
Expected Return
 -0.19
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.05
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average Airgain is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Airgain by adding it to a well-diversified portfolio.

About Airgain Performance

To evaluate Airgain Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Airgain generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Airgain Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Airgain stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Airgain's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Investment(7.66) (7.86) 
Return on Average Assets(0.07) (0.08) 
Return on Average Equity(0.06) (0.06) 
Return on Invested Capital(0.29) (0.30) 
Return on Sales(0.06) (0.06) 
Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California. Airgain operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 145 people.

Things to note about Airgain

Checking the ongoing alerts about Airgain for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Airgain help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Airgain Alerts

Equity Alerts and Improvement Suggestions

Airgain generated a negative expected return over the last 90 days
Airgain has high historical volatility and very poor performance
Airgain is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 64.42 M. Net Loss for the year was (12.85 M) with profit before overhead, payroll, taxes, and interest of 24.61 M.
Airgain currently holds about 18.66 M in cash with (3.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.83.
Roughly 66.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.gurufocus.com: Top 5 2nd Quarter Trades of LE - GuruFocus.com
Please continue to Trending Equities. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Airgain Stock analysis

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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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
86.8 M
Quarterly Revenue Growth YOY
0.12
Return On Assets
-0.11
Return On Equity
-0.26
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.