Allegiant Competitors

Stocks . USA . 
Stock . Allegiant Travel
ALGT Stock  USD 109.33  5.01  4.38%   
Allegiant Travel competes with Wheels Up, Ballard Power, Frontier Group, PROG Holdings, and CRA International; as well as few others. The company conducts business under Passenger Airlines sector and is part of Industrials industry. Analyzing Allegiant Travel competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Allegiant Travel to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Allegiant Travel Correlation with its peers.
For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.

Allegiant Travel vs JetBlue Airways Correlation

Almost no diversification

The correlation between Allegiant Travel and JBLU is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allegiant Travel and JBLU in the same portfolio, assuming nothing else is changed.

Moving against Allegiant Stock

  0.78JTAI JetAI IncPairCorr
  0.62JET Global Crossing AirlinesPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
112.00115.34118.68
Details
Intrinsic
Valuation
LowRealHigh
101.76116.87120.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Allegiant Travel. Your research has to be compared to or analyzed against Allegiant Travel's peers to derive any actionable benefits. When done correctly, Allegiant Travel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Allegiant Travel.

Allegiant Travel Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Allegiant Travel and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Allegiant and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Allegiant Travel does not affect the price movement of the other competitor.

High positive correlations

JBLU
+ 0.9
PRG
JBLU
+ 0.86
ULCC
PRG
+ 0.79
ULCC
RDW
+ 0.77
PRG
SLDP
+ 0.75
UP
GRC
+ 0.68
PRG
  

High negative correlations

GRC
- 0.75
BLDP
RDW
- 0.64
HSII
JBLU
- 0.51
SLDP
HSII
- 0.48
PRG
SLDP
- 0.47
PRG
SLDP
- 0.46
ULCC

Risk-Adjusted Indicators

There is a big difference between Allegiant Stock performing well and Allegiant Travel Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Allegiant Travel's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
UP  6.57 (0.62) 0.00 (0.62) 0.00 
 0.00 
 11.67 
(13.58)
 61.04 
BLDP  2.32 (0.92) 0.00 (0.32) 0.00 
 0.00 
 3.96 
(5.96)
 14.07 
ULCC  3.60  0.34  0.12  0.22  3.67 
(4.38)
 9.48 
(6.83)
 21.69 
PRG  1.50  0.25  0.14  0.40  1.37 
(1.69)
 3.84 
(2.25)
 8.53 
HSII  0.04  0.02  0.00  4.00  0.00 
 0.00 
 0.19 
(0.03)
 0.20 
CRAI  1.82 (0.24) 0.00 (0.14) 0.00 
 0.00 
 3.15 
(4.52)
 13.09 
GRC  1.42  0.46  0.40  0.38  0.68 
(1.75)
 3.89 
(2.18)
 9.98 
SLDP  3.34 (0.71) 0.00 (0.43) 0.00 
 0.00 
 5.89 
(7.18)
 19.34 
RDW  6.45  0.88  0.15  0.46  5.92 
(7.41)
 14.09 
(8.97)
 41.83 
JBLU  2.78  0.40  0.13  0.36  2.76 
(3.07)
 6.98 
(4.64)
 14.92 

Allegiant Travel Competitive Analysis

The better you understand Allegiant Travel competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Allegiant Travel's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Allegiant Travel's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ALGT UP BLDP ULCC PRG HSII CRAI GRC SLDP RDW
 4.38 
 109.33 
Allegiant
 4.48 
 0.64 
Wheels
 0.46 
 2.16 
Ballard
 7.89 
 5.49 
Frontier
 2.96 
 33.81 
PROG
 0.00 
 59.01 
Heidrick
 5.64 
 164.10 
CRA
 0.03 
 66.28 
Gorman
 0.52 
 3.89 
Solid
 3.94 
 9.01 
Redwire
Market Volatility
(90 Days Market Risk)
Very steady
Abnormally volatile
Risky
Relatively risky
Very steady
Very steady
Very steady
Very steady
Relatively risky
Moderately volatile
Market Performance
(90 Days Performance)
Solid
Weakest
Weakest
Fair
Good
Prime
Weakest
Solid
Weakest
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Moderate
Low
Moderate
Low
Hazard
Low
Tiny
Low
Small
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Under Valued
Fairly Valued
Under Valued
Over Valued
Under Valued
Under Valued
Under Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Hold
Not Available
Not Available
Not Available
Buy
Strong Buy
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Strong Sell
Hold
Strong Hold
Strong Buy
Not Rated
Cautious Hold
Strong Buy
Cautious Hold
Cautious Hold
Current Ratio
1.53
0.54
14.44
0.62
3.32
1.39
1.08
2.42
36.06
0.82
Net Asset
1.05 B
1.16 B
777.31 M
6.15 B
1.51 B
1.19 B
571.44 M
860.05 M
448.25 M
292.62 M
Profit Margin
-0.0172
-0.47
-1.33
-0.0365
0.0654
0.0309
0.0774
0.0777
N/A
-0.7
EBITDA
326.94 M
(216.51 M)
(309.29 M)
122 M
1.85 B
92.8 M
97.48 M
120.27 M
(88.87 M)
(21.4 M)
Operating Margin
0.13
-0.29
-0.38
-0.16
0.16
0.0594
0.0926
0.14
-6.34
-0.4
Current Valuation
3.26 B
844.43 M
146.58 M
5.92 B
1.68 B
800.05 M
1.31 B
2.02 B
636.34 M
1.95 B
Price To Book
1.98
2860.73
1.07
3.34
1.94
2.41
5.64
4.21
2.31
1.8
Retained Earnings
1 B
(2.1 B)
(2.06 B)
196 M
1.47 B
205.88 M
225.46 M
384.76 M
(181.17 M)
(348.11 M)
Current Asset
395.24 M
N/A
87.57 M
N/A
N/A
308.96 M
140.79 M
189.39 M
N/A
N/A
Five Year Return
1.79
N/A
N/A
N/A
0.29
1.86
1.54
1.71
N/A
N/A
Beta
1.58
2.28
1.83
2.56
1.73
1.08
0.9
1.31
1.9
2.47
Number Of Employees
5.62 K
1.81 K
887
7.54 K
1.4 K
2.23 K
968
1.45 K
260
1.3 K
Shares Outstanding
18.31 M
721.71 M
300.74 M
228.23 M
39.55 M
20.79 M
6.56 M
26.31 M
218.2 M
165.15 M
Cash Flow From Operations
338.46 M
(77.89 M)
(108.1 M)
(82 M)
138.53 M
150.43 M
49.73 M
106.23 M
(63.9 M)
(17.35 M)
Annual Yield
N/A
N/A
N/A
N/A
0.015
0.0102
0.0132
0.0115
N/A
N/A
Total Debt
1.8 B
96.51 M
23.89 M
4.47 B
655.06 M
100.81 M
103.24 M
307.53 M
9.41 M
144.98 M
Return On Equity
-0.0425
-24.17
-0.18
-0.28
0.25
0.0747
0.28
0.13
-0.24
-0.4
Return On Asset
0.0163
-0.14
-0.0845
-0.0385
0.17
0.041
0.0864
0.0727
-0.14
-0.1
Number Of Shares Shorted
1.85 M
12.66 M
23.73 M
21.95 M
3.38 M
443.05 K
219.47 K
446.49 K
26.01 M
20.78 M
Book Value Per Share
57.31
-0.52
2.02
1.9
17.79
24.49
30.8
15.76
2.0
5.98
Current Liabilities
388.47 M
N/A
30.19 M
N/A
N/A
229.43 M
86.46 M
43.46 M
N/A
N/A
Total Asset
1.05 B
1.16 B
777.31 M
6.15 B
1.51 B
1.19 B
571.44 M
860.05 M
448.25 M
292.62 M
Debt To Equity
1.69
0.2
0.013
6.52
1.08
0.2
1.01
1.32
0.014
4.68
Short Ratio
4.46
2.03
7.15
6.25
6.32
1.27
1.66
4.79
3.92
1.05
Target Price
114.27
4.0
2.96
5.56
41.0
59.0
252.5
67.5
7.0
13.11
Last Dividend Paid
0.6
N/A
N/A
N/A
0.51
0.6
1.96
0.75
N/A
N/A
Shares Owned By Institutions
98.75
83.61
28.61
58.69
98.09
97.65
95.67
63.41
43.04
55.57
Market Capitalization
2.09 B
815.53 M
649.6 M
1.45 B
1.37 B
1.23 B
1.14 B
1.74 B
877.16 M
1.67 B
Price To Earning
40.92
N/A
-86.55
N/A
5.4
7.84
40.36
26.66
27.39
N/A
Price To Earnings To Growth
-14.47
N/A
-3426.67
-0.35
0.31
1.05
1.22
2.27
N/A
N/A
Price To Sales
0.8
0.66
7.2
0.39
0.55
1.02
1.57
2.56
44.3
5.63
Net Income
(240.24 M)
(339.63 M)
(324.25 M)
85 M
197.25 M
8.73 M
46.65 M
53.02 M
(96.52 M)
(114.31 M)
Earnings Per Share
-2.49
-0.51
-0.4
-0.61
3.94
1.72
8.33
2.02
-0.54
-3.11
Shares Owned By Insiders
16.04
12.77
15.47
48.81
1.91
1.52
3.77
21.02
11.14
1.37
Revenue
2.61 B
792.1 M
69.73 M
3.77 B
2.46 B
1.12 B
687.41 M
682.39 M
20.14 M
304.1 M
Working Capital
(285.8 M)
(585.22 M)
623.29 M
(862 M)
893.91 M
289.96 M
18.05 M
133.3 M
105.27 M
(23.42 M)
Cash And Equivalents
1.21 B
585.88 M
957.43 M
766 M
95.66 M
455.98 M
15.62 M
24.21 M
484.3 M
49.07 M
Cash Per Share
67.19
1.75
3.21
3.52
4.43
22.96
2.18
0.64
2.78
0.17
Gross Profit
649.86 M
99.2 M
(3.37 M)
156 M
879.47 M
269.95 M
229.96 M
211.85 M
1.43 M
9.01 M
Day Typical Price
110.79
0.65
2.15
5.78
34.1
59.01
166.75
66.61
3.82
9.03
Accumulation Distribution
51697.08
77812.13
69654.98
856463.0
22534.57
5.0E-4
14104.23
2159.71
346345.0
2 M
Market Facilitation Index
0.0
N/A
N/A
N/A
0.0
0.03
1.0E-4
0.0
N/A
N/A
Daily Balance Of Power
(0.48)
(0.60)
(0.10)
(0.42)
(0.57)
N/A
(0.60)
(0.01)
0.0769
(0.42)
Period Momentum Indicator
(5.01)
(0.03)
(0.01)
(0.47)
(1.03)
N/A
(9.80)
(0.02)
0.02
(0.37)
Rate Of Daily Change
0.96
0.96
1.0
0.92
0.97
1.0
0.94
1.0
1.01
0.96
Day Median Price
111.51
0.66
2.14
5.93
34.25
59.01
168.08
66.77
3.79
9.04
Price Action Indicator
(4.69)
(0.03)
0.015
(0.67)
(0.95)
0.005
(8.88)
(0.50)
0.11
(0.21)
Coefficient Of Variation
387.8
(1,779)
(432.91)
789.8
577.89
152.06
(1,860)
331.99
(739.27)
741.37
Mean Deviation
2.44
6.57
2.32
3.6
1.5
0.0376
1.82
1.42
3.34
6.45
Jensen Alpha
0.6719
(0.62)
(0.92)
0.3417
0.2514
0.0235
(0.24)
0.4603
(0.71)
0.88
Total Risk Alpha
0.4638
(1.64)
(1.07)
0.0325
0.0977
0.0179
(0.43)
0.3674
(1.09)
0.1308
Sortino Ratio
0.3335
N/A
N/A
0.1231
0.1386
N/A
N/A
0.3975
N/A
0.1549
Downside Variance
5.32
N/A
N/A
17.14
2.86
N/A
N/A
1.69
N/A
42.59
Standard Deviation
3.38
9.39
3.05
4.84
1.95
0.0517
2.45
2.06
4.27
8.26
Kurtosis
4.82
8.74
0.0748
0.866
0.6213
3.19
1.14
6.59
(0.05)
1.21
Potential Upside
5.96
11.67
3.96
9.48
3.84
0.1876
3.15
3.89
5.89
14.09
Treynor Ratio
0.4226
(0.62)
(0.32)
0.2154
0.4015
4.0
(0.14)
0.3807
(0.43)
0.4602
Maximum Drawdown
16.21
61.04
14.07
21.69
8.53
0.2046
13.09
9.98
19.34
41.83
Variance
11.45
88.21
9.28
23.46
3.81
0.0027
5.98
4.24
18.19
68.21
Market Risk Adjusted Performance
0.4326
(0.61)
(0.31)
0.2254
0.4115
4.01
(0.13)
0.3907
(0.42)
0.4702
Risk Adjusted Performance
0.212
(0.04)
(0.18)
0.1087
0.1431
0.378
(0.04)
0.2449
(0.1)
0.1159
Skewness
1.38
1.94
(0.30)
0.4893
0.485
1.47
(0.37)
1.82
0.2015
0.8926
Semi Deviation
1.83
N/A
N/A
3.67
1.37
N/A
N/A
0.6777
N/A
5.92
Information Ratio
0.2273
(0.07)
(0.26)
0.1053
0.1201
(1.34)
(0.1)
0.251
(0.16)
0.1224
Value At Risk
(3.30)
(13.58)
(5.96)
(6.83)
(2.25)
(0.03)
(4.52)
(2.18)
(7.18)
(8.97)
Expected Short fall
(3.10)
N/A
N/A
(4.38)
(1.69)
N/A
N/A
(1.75)
N/A
(7.41)
Downside Deviation
2.31
N/A
N/A
4.14
1.69
N/A
N/A
1.3
N/A
6.53
Semi Variance
3.35
N/A
N/A
13.5
1.88
N/A
N/A
0.4593
N/A
35.06

Allegiant Travel Competition Performance Charts

Five steps to successful analysis of Allegiant Travel Competition

Allegiant Travel's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Allegiant Travel in relation to its competition. Allegiant Travel's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Allegiant Travel in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Allegiant Travel's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Allegiant Travel, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Additional Tools for Allegiant Stock Analysis

When running Allegiant Travel's price analysis, check to measure Allegiant Travel'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 Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.
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