Alaska Air's market value is the price at which a share of Alaska Air trades on a public exchange. It measures the collective expectations of Alaska Air Group, investors about its performance. Alaska Air is trading at 400.00 as of the 7th of January 2025, a 0.76% up since the beginning of the trading day. The stock's open price was 397.0. With this module, you can estimate the performance of a buy and hold strategy of Alaska Air Group, and determine expected loss or profit from investing in Alaska Air over a given investment horizon. Check out Alaska Air Correlation, Alaska Air Volatility and Alaska Air Alpha and Beta module to complement your research on Alaska Air.
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.
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.
0.00
12/08/2024
No Change 0.00
0.0
In 30 days
01/07/2025
0.00
If you would invest 0.00 in Alaska Air on December 8, 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 30 days. Alaska Air is related to or competes with Delta Air, United Airlines, American Airlines, Gol Linhas. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alaska Air. Your research has to be compared to or analyzed against Alaska Air's peers to derive any actionable benefits. When done correctly, Alaska Air's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alaska Air Group,.
Alaska Air Group, Backtested Returns
Alaska Air is very steady given 3 months investment horizon. Alaska Air Group, secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of standard deviation over the last 3 months. We were able to break down and interpolate twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Alaska Air mean deviation of 1.84, and Risk Adjusted Performance of 0.1873 to evaluate company specific risk that cannot be diversified away. Alaska Air holds a performance score of 18 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alaska Air are expected to decrease at a much lower rate. During the bear market, Alaska Air is likely to outperform the market. Use Alaska Air market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to analyze future returns on Alaska Air.
Auto-correlation
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No correlation between past and present
Alaska Air Group, has no correlation between past and present. Overlapping area represents the amount of predictability between Alaska Air time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 0.0 indicates that just 0.0% of current Alaska Air price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.64
Residual Average
0.0
Price Variance
57.38
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.
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.