Air Canada

10-Year Study

AC.TO · Industrials · CA · Common Stock

Executive Summary: Air Canada has compounded at 6.9% annually over the last 10 years, with a maximum drawdown of 72.1% and an annualized volatility of 51.9%.

1Y CAGR
-2.9%
3Y CAGR
-4.6%
5Y CAGR
-7.5%
10Y CAGR
+6.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
72.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.33
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.56
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
48.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +89.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · -53.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
40%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-2.39.4-12.23.1————————-3.2%
2025-11.9-14.6-15.4-1.437.49.7-8.41.0-9.95.03.11.4-13.3%
2024-2.5-0.58.23.6-10.4-1.6-11.1-3.06.215.132.3-10.819.1%
202316.5-10.9-4.8-1.013.016.6-2.8-6.1-15.1-13.75.46.0-3.6%
20228.24.81.3-7.2-1.4-27.78.41.7-6.218.1-1.60.5-8.2%
2021-12.125.44.2-5.310.5-6.8-2.0-1.9-5.6-4.1-6.31.6-7.2%
2020-8.6-22.7-54.028.5-21.46.6-10.916.5-10.9-6.167.7-7.8-53.1%
201914.311.6-2.7-0.224.1-0.514.4-1.5-3.48.56.7-3.186.9%
2018-7.613.2-1.1-5.7-9.0-7.510.714.02.9-9.516.1-10.50.3%
2017-2.20.13.1-5.937.0-2.414.117.712.4-2.6-3.85.289.3%
2016———4.13.2-7.71.1-0.318.319.36.71.352.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 51.9%. The dominant macroeconomic risk driver is VTI.US, accounting for 46.1% of variance. Idiosyncratic stock-specific factors contribute 38.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110412.946428571428
2016-05-0110747.767857142859
2016-06-019921.875
2016-07-0110033.482142857141
2016-08-0110000
2016-09-0111830.357142857141
2016-10-0114118.30357142857
2016-11-0115066.964285714284
2016-12-0115256.696428571428
2017-01-0114921.874999999998
2017-02-0114933.035714285714
2017-03-0115401.785714285714
2017-04-0114497.767857142855
2017-05-0119866.071428571428
2017-06-0119397.321428571428
2017-07-0122131.696428571424
2017-08-0126049.10714285714
2017-09-0129285.71428571428
2017-10-0128526.78571428571
2017-11-0127444.196428571428
2017-12-0128883.92857142857
2018-01-0126685.267857142855
2018-02-0130200.89285714285
2018-03-0129877.23214285714
2018-04-0128169.64285714285
2018-05-0125636.16071428571
2018-06-0123716.517857142855
2018-07-0126261.16071428571
2018-08-0129933.03571428571
2018-09-0130803.571428571428
2018-10-0127879.464285714283
2018-11-0132366.071428571424
2018-12-0128973.214285714283
2019-01-0133113.83928571428
2019-02-0136953.12499999999
2019-03-0135948.66071428571
2019-04-0135892.85714285714
2019-05-0144531.24999999999
2019-06-0144296.87499999999
2019-07-0150680.80357142856
2019-08-0149944.19642857142
2019-09-0148225.44642857142
2019-10-0152343.74999999999
2019-11-0155859.37499999999
2019-12-0154140.62499999999
2020-01-0149475.44642857142
2020-02-0138225.44642857142
2020-03-0117578.124999999996
2020-04-0122589.28571428571
2020-05-0117745.535714285714
2020-06-0118917.41071428571
2020-07-0116863.839285714283
2020-08-0119642.85714285714
2020-09-0117511.16071428571
2020-10-0116439.73214285714
2020-11-0127566.964285714283
2020-12-0125412.946428571424
2021-01-0122343.749999999996
2021-02-0128013.392857142855
2021-03-0129185.26785714285
2021-04-0127645.089285714283
2021-05-0130535.714285714283
2021-06-0128459.821428571428
2021-07-0127879.464285714283
2021-08-0127354.91071428571
2021-09-0125814.73214285714
2021-10-0124765.625
2021-11-0123214.28571428571
2021-12-0123582.589285714283
2022-01-0125513.392857142855
2022-02-0126729.91071428571
2022-03-0127064.73214285714
2022-04-0125111.60714285714
2022-05-0124765.625
2022-06-0117901.78571428571
2022-07-0119408.48214285714
2022-08-0119743.303571428572
2022-09-0118526.785714285714
2022-10-0121886.16071428571
2022-11-0121529.017857142855
2022-12-0121640.625
2023-01-0125200.89285714285
2023-02-0122455.35714285714
2023-03-0121372.76785714285
2023-04-0121160.714285714283
2023-05-0123917.41071428571
2023-06-0127890.624999999996
2023-07-0127120.53571428571
2023-08-0125468.75
2023-09-0121629.464285714283
2023-10-0118671.874999999996
2023-11-0119676.339285714283
2023-12-0120859.375
2024-01-0120334.821428571424
2024-02-0120223.214285714283
2024-03-0121886.16071428571
2024-04-0122678.571428571428
2024-05-0120312.499999999996
2024-06-0119977.67857142857
2024-07-0117756.696428571428
2024-08-0117232.142857142855
2024-09-0118292.410714285714
2024-10-0121060.267857142855
2024-11-0127857.142857142855
2024-12-0124843.75
2025-01-0121886.16071428571
2025-02-0118694.196428571428
2025-03-0115814.732142857141
2025-04-0115591.517857142855
2025-05-0121428.571428571428
2025-06-0123515.625
2025-07-0121540.178571428572
2025-08-0121763.392857142855
2025-09-0119598.214285714283
2025-10-0120580.357142857145
2025-11-0121227.67857142857
2025-12-0121529.017857142855
2026-01-0121037.946428571428
2026-02-0123024.55357142857
2026-03-0120223.214285714283
2026-04-0120848.214285714283
Annual Return Matrix
YearAnnual Return
20170.8931967812728603
20180.0030911901081918103
20190.8686440677966101
2020-0.5306122448979591
2021-0.07202459376372428
2022-0.0823473734027449
2023-0.03610108303249093
20240.1910112359550562
2025-0.13342318059299196
2026-0.031622602384655196
Total Factor Risk
0.5186447636314583
VTI.US Exposure
0.4610427955807125
VEA.US Exposure
-0.021821538010307763
VWO.US Exposure
-0.0040804260466128
QQQ.US Exposure
-0.03431007805254689
VTV.US Exposure
-0.03764453618505006
IJR.US Exposure
0.04165734804053175
QUAL.US Exposure
-0.07963867702028106
SHV.US Exposure
0.014339795544135557
TLT.US Exposure
0.005640904857141145
LQD.US Exposure
0.05004013146967777
HYG.US Exposure
0.05813989186253011
GLD.US Exposure
0.012913199052228878
USO.US Exposure
0.01799005314031293
VNQ.US Exposure
-0.02935052790414304
BTC-USD.CC Exposure
-0.0049062488141746385
CPER.US Exposure
0.01416546149793031
VIX.INDX Exposure
0.05332991514223565
UUP.US Exposure
0.06611406553088628
TIP.US Exposure
0.028314662740295524
Idiosyncratic Exposure
0.3880638075744977
Value Score
46.2
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
51.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →9.6x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$5.3B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-1.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-3.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
40.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.63
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Air Canada a high-risk investment?

Air Canada (AC.TO) has an annualized volatility of 51.9% and experienced a maximum drawdown of 72.1% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of AC.TO?

Over the past 10 years, AC.TO has generated a Compound Annual Growth Rate (CAGR) of 6.9%. It has had a positive return in 40% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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