Alaska Air Group Stock Technical Analysis
| ALK Stock | USD 53.96 1.08 2.04% |
As of the 18th of November 2024, Alaska Air shows the risk adjusted performance of 0.2497, and Mean Deviation of 1.57. Alaska Air Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
Alaska Air Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alaska, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlaskaAlaska |
Alaska Air Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 51.58 | Strong Buy | 15 | Odds |
Most Alaska analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Alaska stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Alaska Air Group, talking to its executives and customers, or listening to Alaska conference calls.
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.
Alaska Air Group Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Alaska Air Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alaska Air Group Trend Analysis
Use this graph to draw trend lines for Alaska Air Group. You can use it to identify possible trend reversals for Alaska Air as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alaska Air price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alaska Air Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alaska Air Group applied against its price change over selected period. The best fit line has a slop of 0.27 , which may imply that Alaska Air Group will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 2858.93, which is the sum of squared deviations for the predicted Alaska Air price change compared to its average price change.About Alaska Air Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Alaska Air Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Alaska Air Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alaska Air Group price pattern first instead of the macroeconomic environment surrounding Alaska Air Group. By analyzing Alaska Air's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Alaska Air's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Alaska Air specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.008062 | 0.007658 | Price To Sales Ratio | 0.48 | 0.47 |
Alaska Air November 18, 2024 Technical Indicators
Most technical analysis of Alaska help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Alaska from various momentum indicators to cycle indicators. When you analyze Alaska charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.2497 | |||
| Market Risk Adjusted Performance | 0.542 | |||
| Mean Deviation | 1.57 | |||
| Semi Deviation | 0.886 | |||
| Downside Deviation | 1.51 | |||
| Coefficient Of Variation | 309.91 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.26 | |||
| Information Ratio | 0.2709 | |||
| Jensen Alpha | 0.5364 | |||
| Total Risk Alpha | 0.3908 | |||
| Sortino Ratio | 0.3694 | |||
| Treynor Ratio | 0.532 | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 4.71 | |||
| Downside Variance | 2.29 | |||
| Semi Variance | 0.785 | |||
| Expected Short fall | (1.90) | |||
| Skewness | 0.6074 | |||
| Kurtosis | 0.6178 |
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 closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.