Spirit Airlines Stock Alpha and Beta Analysis
| SAVE Stock | USD 0.13 0.02 13.33% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Spirit Airlines. It also helps investors analyze the systematic and unsystematic risks associated with investing in Spirit Airlines over a specified time horizon. Remember, high Spirit Airlines' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Spirit Airlines' market risk premium analysis include:
Beta 1.1 | Alpha (1.89) | Risk 17.62 | Sharpe Ratio (0.11) | Expected Return (2.00) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Spirit Airlines Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Spirit Airlines market risk premium is the additional return an investor will receive from holding Spirit Airlines long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Spirit Airlines. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Spirit Airlines' performance over market.| α | -1.89 | β | 1.10 |
Spirit Airlines expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Spirit Airlines' Buy-and-hold return. Our buy-and-hold chart shows how Spirit Airlines performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Spirit Airlines Market Price Analysis
Market price analysis indicators help investors to evaluate how Spirit Airlines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spirit Airlines shares will generate the highest return on investment. By understating and applying Spirit Airlines stock market price indicators, traders can identify Spirit Airlines position entry and exit signals to maximize returns.
Spirit Airlines Return and Market Media
The median price of Spirit Airlines for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 2.47 with a coefficient of variation of 24.41. The daily time series for the period is distributed with a sample standard deviation of 0.56, arithmetic mean of 2.3, and mean deviation of 0.42. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Brian McMenamy of 131 shares of Spirit Airlines at 5.76 subject to Rule 16b-3 | 09/04/2024 |
2 | Acquisition by Melinda Grindle of 13952 shares of Spirit Airlines subject to Rule 16b-3 | 09/06/2024 |
3 | GA Telesis Signs Definitive Purchase Agreement to Acquire 23 Airbus A320ceo and A321ceo Aircraft from Spirit Airlines | 10/24/2024 |
4 | Spirit Airlines looks to sell some planes, possible workforce reductions | 10/28/2024 |
5 | Luxury Hospitality Smart Lighting SAVE Electronics Elevates Guest Experiences With AI-Driven Brilliance | 11/01/2024 |
6 | End of Boeing strike provides some relief for Wichita aviation while challenges remain | 11/05/2024 |
7 | Un mapache sorprende colgado del techo en el aeropuerto LaGuardia, Nueva York | 11/06/2024 |
8 | Raccoon busts through ceiling tile at Spirit Airlines counter in LaGuardia Airport | 11/07/2024 |
9 | Cierto Tequila Wins Eight Medals at the 2024 Las Vegas Global Spirit Awards | 11/08/2024 |
10 | Spirit Airlines Files Form 12b-25 | 11/12/2024 |
11 | Spirit Airlines officially files bankruptcy, encourages customers to keep booking flights as normal | 11/18/2024 |
About Spirit Airlines Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Spirit or other stocks. Alpha measures the amount that position in Spirit Airlines has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0237 | 0.021 | Price To Sales Ratio | 0.33 | 0.32 |
Spirit Airlines Upcoming Company Events
As portrayed in its financial statements, the presentation of Spirit Airlines' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Spirit Airlines' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Spirit Airlines' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Spirit Airlines. Please utilize our Beneish M Score to check the likelihood of Spirit Airlines' management manipulating its earnings.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Spirit Airlines
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Align your risk with return expectations
Check out Spirit Airlines Backtesting, Spirit Airlines Valuation, Spirit Airlines Correlation, Spirit Airlines Hype Analysis, Spirit Airlines Volatility, Spirit Airlines History and analyze Spirit Airlines Performance. For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Spirit Airlines 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.