Spirit Financial Statements From 2010 to 2026
| SPRDelisted Stock | USD 39.50 0.36 0.92% |
Check Spirit Aerosystems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Spirit Aerosystems' main balance sheet or income statement drivers, such as , as well as many indicators such as . Spirit financial statements analysis is a perfect complement when working with Spirit Aerosystems Valuation or Volatility modules.
Spirit |
Spirit Aerosystems Holdings Company Return On Equity Analysis
Spirit Aerosystems' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Spirit Aerosystems Return On Equity | -5.33 |
Most of Spirit Aerosystems' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Spirit Aerosystems Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Spirit Aerosystems Holdings has a Return On Equity of -5.3288. This is 1311.09% lower than that of the Aerospace & Defense sector and 114.86% lower than that of the Industrials industry. The return on equity for all United States stocks is notably higher than that of the company.
Spirit Aerosystems Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Spirit Aerosystems's current stock value. Our valuation model uses many indicators to compare Spirit Aerosystems value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Spirit Aerosystems competition to find correlations between indicators driving Spirit Aerosystems's intrinsic value. More Info.Spirit Aerosystems Holdings is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Spirit Aerosystems by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Spirit Aerosystems Financial Statements
Spirit Aerosystems shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Spirit Aerosystems investors may analyze each financial statement separately, they are all interrelated. The changes in Spirit Aerosystems' assets and liabilities, for example, are also reflected in the revenues and expenses on on Spirit Aerosystems' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas. Spirit Aerosystems operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 16100 people.
Pair Trading with Spirit Aerosystems
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 Spirit Aerosystems 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 Spirit Aerosystems will appreciate offsetting losses from the drop in the long position's value.Moving together with Spirit Stock
Moving against Spirit Stock
| 0.76 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.73 | WF | Woori Financial Group | PairCorr |
| 0.72 | WMT | Walmart Common Stock | PairCorr |
| 0.6 | BAC | Bank of America Earnings Call This Week | PairCorr |
| 0.56 | TRV | The Travelers Companies | PairCorr |
The ability to find closely correlated positions to Spirit Aerosystems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spirit Aerosystems 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 Spirit Aerosystems - 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 Spirit Aerosystems Holdings to buy it.
The correlation of Spirit Aerosystems 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 Spirit Aerosystems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spirit Aerosystems 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 Spirit Aerosystems 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Consideration for investing in Spirit Stock
If you are still planning to invest in Spirit Aerosystems check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Spirit Aerosystems' history and understand the potential risks before investing.
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