Spirit Aerosystems Holdings Net Income
| SPRDelisted Stock | USD 39.50 0.36 0.92% |
As of the 6th of February, Spirit Aerosystems has the Risk Adjusted Performance of (0.02), variance of 2.95, and Coefficient Of Variation of (3,532). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Spirit Aerosystems, as well as the relationship between them. Please validate Spirit Aerosystems variance and skewness to decide if Spirit Aerosystems is priced more or less accurately, providing market reflects its prevalent price of 39.5 per share. Given that Spirit Aerosystems has information ratio of (0.05), we advise you to double-check Spirit Aerosystems Holdings's current market performance to make sure the company can sustain itself at a future point.
Spirit Aerosystems' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Spirit Aerosystems' valuation are provided below:Spirit Aerosystems Holdings does not presently have any fundamental trend indicators for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Spirit |
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Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionBased on the recorded statements, Spirit Aerosystems Holdings reported net income of (2.14 Billion). This is 924.45% lower than that of the Aerospace & Defense sector and 293.18% lower than that of the Industrials industry. The net income for all United States stocks is significantly higher than that of the company.
Spirit Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spirit Aerosystems' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Spirit Aerosystems could also be used in its relative valuation, which is a method of valuing Spirit Aerosystems by comparing valuation metrics of similar companies.Spirit Aerosystems is currently under evaluation in net income category among its peers.
Spirit Fundamentals
| Return On Equity | -5.33 | |||
| Return On Asset | -0.19 | |||
| Profit Margin | (0.41) % | |||
| Operating Margin | (0.40) % | |||
| Current Valuation | 9.83 B | |||
| Shares Outstanding | 117.52 M | |||
| Shares Owned By Insiders | 0.77 % | |||
| Shares Owned By Institutions | 97.77 % | |||
| Number Of Shares Shorted | 12.65 M | |||
| Price To Earning | 9.96 X | |||
| Price To Book | 10.93 X | |||
| Price To Sales | 0.73 X | |||
| Revenue | 6.32 B | |||
| Gross Profit | (1.77 B) | |||
| EBITDA | (1.48 B) | |||
| Net Income | (2.14 B) | |||
| Cash And Equivalents | 537 M | |||
| Cash Per Share | 6.37 X | |||
| Total Debt | 5.38 B | |||
| Current Ratio | 1.42 X | |||
| Book Value Per Share | (38.50) X | |||
| Cash Flow From Operations | (1.12 B) | |||
| Short Ratio | 10.78 X | |||
| Earnings Per Share | (22.14) X | |||
| Price To Earnings To Growth | 1.30 X | |||
| Target Price | 37.25 | |||
| Number Of Employees | 20.37 K | |||
| Beta | 1.12 | |||
| Market Capitalization | 4.64 B | |||
| Total Asset | 6.76 B | |||
| Retained Earnings | (1.52 B) | |||
| Working Capital | 193.1 M | |||
| Current Asset | 3.3 B | |||
| Current Liabilities | 1.46 B | |||
| Five Year Return | 0.47 % | |||
| Net Asset | 6.76 B |
About Spirit Aerosystems Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Spirit Aerosystems Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spirit Aerosystems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spirit Aerosystems Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.73 | AAPL | Apple Inc Aggressive Push | PairCorr |
Moving against Spirit Stock
| 0.76 | AA | Alcoa Corp | PairCorr |
| 0.64 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.63 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.63 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.56 | GOOG | Alphabet Class C | 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 persons. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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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