Airtime Partecipazioni SpA

10-Year Study

ALMEX.PA · Communication Services · FR · Common Stock

Executive Summary: Airtime Partecipazioni SpA has compounded at -4.2% annually over the last 10 years, with a maximum drawdown of 98.4% and an annualized volatility of 322.9%.

1Y CAGR
+698.1%
3Y CAGR
-39.3%
5Y CAGR
-4.2%
10Y CAGR
-4.2%

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 →
98.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
1.48
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
10.77
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
377.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +172.0%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · -66.7%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
20%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-2.9-13.6-30.76.3————————-38.2%
20250.0-30.0-28.6-52.04.2420.0638.527.1-29.5-44.2-46.76.3172.0%
20241.3-4.60.0-8.30.0-34.2-10.9-44.939.511.7-3.0-23.1-66.7%
20230.0-10.10.0-17.922.4-22.2-17.9-4.322.7-20.7-22.0-10.2-62.3%
202233.90.0-10.3-43.819.00.00.0-2.7-9.10.00.00.0-28.9%
2021—————————213.768.43.9449.1%

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 322.9%. The dominant macroeconomic risk driver is SHV.US, accounting for 80.6% of variance. Idiosyncratic stock-specific factors contribute 12.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2021-09-0110000
2021-10-0131372.549019607846
2021-11-0152833.33333333334
2021-12-0154911.76470588236
2022-01-0173529.41176470589
2022-02-0173529.41176470589
2022-03-0165950.9771010455
2022-04-0137058.82278143191
2022-05-0144117.64705882353
2022-06-0144117.64705882353
2022-07-0144117.64705882353
2022-08-0142941.17572260838
2022-09-0139019.6070951574
2022-10-0139019.6070951574
2022-11-0139019.6070951574
2022-12-0139019.6070951574
2023-01-0139019.6070951574
2023-02-0135098.03846770642
2023-03-0135098.03846770642
2023-04-0128823.529037774777
2023-05-0135294.117647058825
2023-06-0127450.980392156864
2023-07-0122549.019607843136
2023-08-0121568.627450980395
2023-09-0126470.588235294123
2023-10-0120980.392156862745
2023-11-0116372.549019607843
2023-12-0114705.882352941178
2024-01-0114901.960784313726
2024-02-0114215.686274509804
2024-03-0114215.686274509804
2024-04-0113039.215873269473
2024-05-0113039.215873269473
2024-06-018578.431372549021
2024-07-017647.059010524376
2024-08-014215.686461504769
2024-09-015882.352941176471
2024-10-016568.627263985428
2024-11-016372.549019607844
2024-12-014901.9607843137255
2025-01-014901.9607843137255
2025-02-013431.372549019608
2025-03-012450.9803921568628
2025-04-011176.4705882352941
2025-05-011225.4901960784314
2025-06-016372.549019607844
2025-07-0147058.82352941177
2025-08-0159803.921568627455
2025-09-0142156.86274509804
2025-10-0123529.411764705885
2025-11-0112549.01960784314
2025-12-0113333.333333333334
2026-01-0112941.176470588236
2026-02-0111176.470588235294
2026-03-017745.098039215688
2026-04-018235.29411764706
Annual Return Matrix
YearAnnual Return
2022-0.28941261851347
2023-0.6231155706648241
2024-0.6666666666666667
20251.7199999999999998
2026-0.38235294117647056
Total Factor Risk
3.2290177167924163
VTI.US Exposure
0.002835969715635959
VEA.US Exposure
0.0023238911444178577
VWO.US Exposure
0.008242071030680403
QQQ.US Exposure
0.006503798333117058
VTV.US Exposure
0.004459558660958279
IJR.US Exposure
0.0036166723791652335
QUAL.US Exposure
-0.0014665734138403154
SHV.US Exposure
0.8059970599669541
TLT.US Exposure
-0.0026102579628215525
LQD.US Exposure
0.01976602437660092
HYG.US Exposure
0.0004406162428528638
GLD.US Exposure
-0.0007324394741382888
USO.US Exposure
0.0009809373403921028
VNQ.US Exposure
-0.00006498950440152029
BTC-USD.CC Exposure
-0.000024570353168893334
CPER.US Exposure
0.01777051712665885
VIX.INDX Exposure
-0.00032967852873865943
UUP.US Exposure
0.00012264035883113205
TIP.US Exposure
0.010861812902729362
Idiosyncratic Exposure
0.12130693965811498
Value Score
50
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
322.9%

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 →N/A
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$45.0M
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 →
-15.1%
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 →
-66.0%
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 →
90.0% 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 →
-1.19
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Airtime Partecipazioni SpA a high-risk investment?

Airtime Partecipazioni SpA (ALMEX.PA) has an annualized volatility of 322.9% and experienced a maximum drawdown of 98.4% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of ALMEX.PA?

Over the past 10 years, ALMEX.PA has generated a Compound Annual Growth Rate (CAGR) of -4.2%. It has had a positive return in 20% 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.

Run a Full Backtest on Airtime Partecipazioni SpA

stresstest.pro lets you simulate DCA vs Lump Sum, Monte Carlo projections, portfolio optimisation, and more — all in seconds.

Start a Free Backtest