Alaska Air (Brazil) Market Value
| A1LK34 Stock | BRL 396.59 12.91 3.15% |
| Symbol | Alaska |
Alaska Air 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alaska Air's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alaska Air.
| 03/29/2024 |
| 01/23/2025 |
If you would invest 0.00 in Alaska Air on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Alaska Air Group, or generate 0.0% return on investment in Alaska Air over 300 days. Alaska Air is related to or competes with Public Storage, Charter Communications, MAHLE Metal, Verizon Communications, Metalurgica Gerdau, METISA Metalrgica, and British American. Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services More
Alaska Air Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alaska Air's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alaska Air Group, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.1771 | |||
| Maximum Drawdown | 27.68 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.54 |
Alaska Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alaska Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alaska Air's standard deviation. In reality, there are many statistical measures that can use Alaska Air historical prices to predict the future Alaska Air's volatility.| Risk Adjusted Performance | 0.1642 | |||
| Jensen Alpha | 0.7824 | |||
| Total Risk Alpha | 0.6758 | |||
| Sortino Ratio | 0.3444 | |||
| Treynor Ratio | 0.7815 |
Alaska Air Group, Backtested Returns
Alaska Air appears to be very steady, given 3 months investment horizon. Alaska Air Group, secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19 % 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 0.82% is justified by implied risk. Please makes use of Alaska Air's mean deviation of 1.87, and Risk Adjusted Performance of 0.1642 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alaska Air holds a performance score of 14. The firm shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. Alaska Air returns are very sensitive to returns on the market. As the market goes up or down, Alaska Air is expected to follow. Please check Alaska Air's downside deviation, standard deviation, and the relationship between the mean deviation and coefficient of variation , to make a quick decision on whether Alaska Air's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Alaska Air Group, has poor reverse predictability. Overlapping area represents the amount of predictability between Alaska Air time series from 29th of March 2024 to 26th of August 2024 and 26th of August 2024 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alaska Air Group, price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Alaska Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 4954.44 |
Alaska Air Group, lagged returns against current returns
Autocorrelation, which is Alaska Air stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alaska Air's stock expected returns. We can calculate the autocorrelation of Alaska Air returns to help us make a trade decision. For example, suppose you find that Alaska Air has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alaska Air regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alaska Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alaska Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alaska Air stock over time.
Current vs Lagged Prices |
| Timeline |
Alaska Air Lagged Returns
When evaluating Alaska Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alaska Air stock have on its future price. Alaska Air autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alaska Air autocorrelation shows the relationship between Alaska Air stock current value and its past values and can show if there is a momentum factor associated with investing in Alaska Air Group,.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alaska Stock
Alaska Air financial ratios help investors to determine whether Alaska Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alaska with respect to the benefits of owning Alaska Air security.