Alaska Air Group Stock Filter Stocks by Fundamentals
ALK Stock | EUR 41.39 0.52 1.27% |
Alaska Air Group fundamentals help investors to digest information that contributes to Alaska Air's financial success or failures. It also enables traders to predict the movement of Alaska Stock. The fundamental analysis module provides a way to measure Alaska Air's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alaska Air stock.
Alaska |
Did you try this?
Run Idea Analyzer Now
Idea AnalyzerAnalyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
All Next | Launch Module |
Alaska Fundamentals
Return On Equity | 0.0152 | |||
Return On Asset | 0.0158 | |||
Profit Margin | 0.01 % | |||
Operating Margin | 0.04 % | |||
Current Valuation | 6.27 B | |||
Shares Outstanding | 127.54 M | |||
Shares Owned By Insiders | 0.39 % | |||
Shares Owned By Institutions | 82.89 % | |||
Price To Earning | 13.04 X | |||
Price To Book | 1.48 X | |||
Price To Sales | 0.58 X | |||
Revenue | 9.65 B | |||
Gross Profit | 2.36 B | |||
EBITDA | 588 M | |||
Net Income | 58 M | |||
Cash And Equivalents | 1.63 B | |||
Cash Per Share | 13.20 X | |||
Total Debt | 1.88 B | |||
Debt To Equity | 88.60 % | |||
Current Ratio | 0.63 X | |||
Book Value Per Share | 29.92 X | |||
Cash Flow From Operations | 1.42 B | |||
Earnings Per Share | 0.43 X | |||
Target Price | 77.93 | |||
Number Of Employees | 22.92 K | |||
Beta | 1.52 | |||
Market Capitalization | 5.73 B | |||
Total Asset | 14.19 B | |||
Z Score | 1.8 | |||
Annual Yield | 0.04 % | |||
Five Year Return | 1.29 % | |||
Net Asset | 14.19 B |
About Alaska Air Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alaska Air Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alaska Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alaska Air Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Alaska Air
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 Alaska Air 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 Alaska Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Alaska Stock
0.92 | OYC | Delta Air Lines | PairCorr |
Moving against Alaska Stock
0.81 | TCID | Telkom Indonesia Tbk | PairCorr |
0.77 | ZNHH | China Southern Airlines | PairCorr |
0.68 | AD2B | AIR CHINA LTD | PairCorr |
0.65 | AD2 | Air China Limited | PairCorr |
0.63 | DBPD | Xtrackers ShortDAX | PairCorr |
The ability to find closely correlated positions to Alaska Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alaska Air 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 Alaska Air - 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 Alaska Air Group to buy it.
The correlation of Alaska Air is a statistical measure of how it moves in relation to other instruments. 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 Alaska Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alaska Air 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 Alaska Air 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Alaska Stock analysis
When running Alaska Air's price analysis, check to measure Alaska Air'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 Alaska Air is operating at the current time. Most of Alaska Air's value examination focuses on studying past and present price action to predict the probability of Alaska Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Air's price. Additionally, you may evaluate how the addition of Alaska Air to your portfolios can decrease your overall portfolio volatility.
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |