Spirit Airlines Price on October 19, 2024
SAVEDelisted Stock | USD 0.15 0.11 42.31% |
If you're considering investing in Spirit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Spirit Airlines stands at 0.15, as last reported on the 24th of November, with the highest price reaching 0.15 and the lowest price hitting 0.13 during the day. Spirit Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Spirit Airlines exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirit Airlines' Risk Adjusted Performance of (0.07), variance of 290.16, and Coefficient Of Variation of (953.89) to confirm the risk estimate we provide.
Spirit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Spirit |
Sharpe Ratio = -0.1018
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Estimated Market Risk
17.57 actual daily | 96 96% of assets are less volatile |
Expected Return
-1.79 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Spirit Airlines is not performing at its full potential. However, 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 Spirit Airlines by adding Spirit Airlines to a well-diversified portfolio.
Related Headline
Hawaiian Holdings Headline on 17th of September 2024
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Alaska Air Group, the parent company of Alaska Airlines, announced today the interim Honolulu leadership team that will guide Hawaiian Airlines operations from transaction close through a full combination of operations under a single operating certificate with two brands Hawaiian Airlines and Alaska Airlines.
Spirit Airlines Valuation on October 19, 2024
It is possible to determine the worth of Spirit Airlines on a given historical date. On October 19, 2024 Spirit was worth 1.54 at the beginning of the trading date compared to the closed value of 1.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spirit Airlines stock. Still, in general, we apply an absolute valuation method to find Spirit Airlines' 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 Spirit Airlines where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spirit Airlines' related companies.
Open | High | Low | Close | Volume | |
1.65 | 1.66 | 1.50 | 1.52 | 8,806,552 | |
10/18/2024 | 1.54 | 1.55 | 1.43 | 1.47 | 20,795,527 |
2.05 | 2.54 | 1.85 | 2.25 | 84,798,713 |
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Spirit Airlines Trading Date Momentum on October 19, 2024
On October 21 2024 Spirit Airlines was traded for 2.25 at the closing time. The top price for the day was 2.54 and the lowest listed price was 1.85 . The trading volume for the day was 84.8 M. The trading history from October 21, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 53.06% . The trading price change against the current closing price is 97.28% . |
Spirit Airlines Fundamentals Correlations and Trends
By evaluating Spirit Airlines' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spirit Airlines' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spirit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spirit Airlines Stock history
Spirit Airlines 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 Spirit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spirit Airlines 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 Spirit Airlines stock prices may prove useful in developing a viable investing in Spirit Airlines
It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida. Spirit Airlines operates under Airlines classification in the United States and is traded on New York Stock Exchange. It employs 9823 people.
Spirit Airlines Stock Technical Analysis
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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Spirit Airlines Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Spirit Airlines 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.
Spirit Airlines November 24, 2024 Market Strength
Market strength 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 undertsting and applying Spirit Airlines stock market strength indicators, traders can identify Spirit Airlines entry and exit signals to maximize returns
Spirit Airlines Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spirit Airlines' price direction in advance. Along with the technical and fundamental analysis of Spirit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spirit 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 | (0.07) | |||
Jensen Alpha | (1.55) | |||
Total Risk Alpha | (4.48) | |||
Treynor Ratio | 0.8798 |
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Volatility Indicators | ||
Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Airlines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in Spirit Stock
If you are still planning to invest in Spirit Airlines 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 Airlines' history and understand the potential risks before investing.
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