Alaska Air Group Stock Market Value
| ALK Stock | USD 66.02 1.05 1.62% |
| Symbol | Alaska |
Alaska Air Group Price To Book Ratio
Is Passenger Airlines space 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 Alaska Air. If investors know Alaska 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 Alaska Air 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 0.704 | Earnings Share 2.51 | Revenue Per Share 85.034 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0286 |
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air'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.
Alaska Air '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 Alaska Air's 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 Alaska Air.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Alaska Air on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Alaska Air Group or generate 0.0% return on investment in Alaska Air over 30 days. Alaska Air is related to or competes with Delta Air, United Airlines, American Airlines, JetBlue Airways, Southwest Airlines, Frontier Group, and SkyWest. Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services More
Alaska Air 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 Alaska Air's 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 Alaska Air Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.2937 | |||
| Maximum Drawdown | 14.5 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 4.57 |
Alaska Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alaska Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alaska Air's standard deviation. In reality, there are many statistical measures that can use Alaska Air historical prices to predict the future Alaska Air's volatility.| Risk Adjusted Performance | 0.2506 | |||
| Jensen Alpha | 0.7476 | |||
| Total Risk Alpha | 0.6925 | |||
| Sortino Ratio | 0.4915 | |||
| Treynor Ratio | 0.9168 |
Alaska Air Group Backtested Returns
Alaska Air appears to be very steady, given 3 months investment horizon. Alaska Air Group secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of standard deviation over the last 3 months. By analyzing Alaska Air's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please makes use of Alaska Air's mean deviation of 1.79, and Risk Adjusted Performance of 0.2506 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alaska Air holds a performance score of 23. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alaska Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alaska Air is expected to be smaller as well. Please check Alaska Air's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Alaska Air's price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Alaska Air Group has average predictability. Overlapping area represents the amount of predictability between Alaska Air time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alaska Air Group price movement. The serial correlation of 0.46 indicates that about 46.0% of current Alaska Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 14.87 |
Alaska Air Group lagged returns against current returns
Autocorrelation, which is Alaska Air 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 Alaska Air's stock expected returns. We can calculate the autocorrelation of Alaska Air returns to help us make a trade decision. For example, suppose you find that Alaska Air 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alaska Air 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 Alaska Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alaska Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alaska Air stock over time.
Current vs Lagged Prices |
| Timeline |
Alaska Air Lagged Returns
When evaluating Alaska Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alaska Air stock have on its future price. Alaska Air 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, Alaska Air autocorrelation shows the relationship between Alaska Air stock current value and its past values and can show if there is a momentum factor associated with investing in Alaska Air Group.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Alaska Air Correlation, Alaska Air Volatility and Alaska Air Alpha and Beta module to complement your research on Alaska Air. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Alaska Air 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.