Alaska Air Group Stock Price on October 2, 2024
| ALK Stock | USD 52.68 0.25 0.47% |
Below is the normalized historical share price chart for Alaska Air Group extending back to March 17, 1980. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alaska Air stands at 52.68, as last reported on the 29th of November, with the highest price reaching 53.15 and the lowest price hitting 52.52 during the day.
If you're considering investing in Alaska Stock, it is important to understand the factors that can impact its price. 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 0.63% is justified by implied risk. Please makes use of Alaska Air's risk adjusted performance of 0.2333, and Mean Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations.
At this time, Alaska Air's Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 15.3 B this year, although the value of Common Stock Total Equity will most likely fall to about 855 K. . At this time, Alaska Air's Price Earnings Ratio is quite stable compared to the past year. Price Book Value Ratio is expected to rise to 1.26 this year, although the value of Price To Free Cash Flows Ratio is projected to rise to (10.65). Alaska Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 2001 | 200 Day MA 41.564 | 50 Day MA 47.173 | Beta 1.593 |
Alaska |
Sharpe Ratio = 0.3016
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Estimated Market Risk
| 2.1 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average Alaska Air is performing at about 23% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alaska Air by adding it to a well-diversified portfolio.
Price Book 1.4931 | Enterprise Value Ebitda 9.3434 | Price Sales 0.6219 | Shares Float 126.4 M | Wall Street Target Price 61.1193 |
Alaska Air Valuation on October 2, 2024
It is possible to determine the worth of Alaska Air on a given historical date. On October 2, 2024 Alaska was worth 44.71 at the beginning of the trading date compared to the closed value of 44.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alaska Air stock. Still, in general, we apply an absolute valuation method to find Alaska Air's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alaska Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alaska Air's related companies.
| Open | High | Low | Close | Volume | |
| 45.06 | 45.19 | 44.25 | 45.11 | 2,403,586 | |
10/02/2024 | 44.71 | 44.73 | 43.94 | 44.17 | 1,427,466 |
| 44.03 | 44.18 | 42.42 | 42.68 | 2,459,022 |
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Alaska Air Trading Date Momentum on October 2, 2024
| On October 03 2024 Alaska Air Group was traded for 42.68 at the closing time. Highest Alaska Air's price during the trading hours was 44.18 and the lowest price during the day was 42.42 . The net volume was 2.5 M. The overall trading history on the 3rd of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 3.37% . The overall trading delta to current price is 1.20% . |
Alaska Air Group Fundamentals Correlations and Trends
By evaluating Alaska Air's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alaska Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alaska financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alaska Air Stock history
Alaska Air investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alaska is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alaska Air Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alaska Air stock prices may prove useful in developing a viable investing in Alaska Air
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 128.7 M | 118 M | |
| Net Income Applicable To Common Shares | 66.7 M | 63.4 M |
Alaska Air Stock Technical Analysis
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.
Price Boundaries
Alaska Air Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Alaska Air Group cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alaska Air November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Alaska Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alaska Air shares will generate the highest return on investment. By undertsting and applying Alaska Air stock market strength indicators, traders can identify Alaska Air Group entry and exit signals to maximize returns
Alaska Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alaska Air's price direction in advance. Along with the technical and fundamental analysis of Alaska Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alaska to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2333 | |||
| Jensen Alpha | 0.473 | |||
| Total Risk Alpha | 0.2892 | |||
| Sortino Ratio | 0.3184 | |||
| Treynor Ratio | 0.5507 |
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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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.