Allegiant Travel Stock Market Value
| ALGT Stock | USD 75.17 2.47 3.40% |
| Symbol | Allegiant |
Allegiant Travel Price To Book Ratio
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 Allegiant Travel. If investors know Allegiant 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 Allegiant Travel 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 (0.84) | Dividend Share 1.8 | Earnings Share (1.52) | Revenue Per Share 139.534 | Quarterly Revenue Growth (0.01) |
The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel'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 Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel'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 Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel'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.
Allegiant Travel '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 Allegiant Travel'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 Allegiant Travel.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Allegiant Travel on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Allegiant Travel or generate 0.0% return on investment in Allegiant Travel over 30 days. Allegiant Travel is related to or competes with Azul SA, Alaska Air, International Consolidated, Sun Country, Frontier Group, Mesa Air, and SkyWest. Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served c... More
Allegiant Travel 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 Allegiant Travel'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 Allegiant Travel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.2551 | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 6.31 |
Allegiant Travel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegiant Travel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegiant Travel's standard deviation. In reality, there are many statistical measures that can use Allegiant Travel historical prices to predict the future Allegiant Travel's volatility.| Risk Adjusted Performance | 0.227 | |||
| Jensen Alpha | 0.7687 | |||
| Total Risk Alpha | 0.5219 | |||
| Sortino Ratio | 0.3106 | |||
| Treynor Ratio | 0.4917 |
Allegiant Travel Backtested Returns
Allegiant Travel appears to be very steady, given 3 months investment horizon. Allegiant Travel secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. By analyzing Allegiant Travel's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Allegiant Travel's Risk Adjusted Performance of 0.227, mean deviation of 2.67, and Downside Deviation of 2.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allegiant Travel holds a performance score of 23. The firm shows a Beta (market volatility) of 1.96, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allegiant Travel will likely underperform. Please check Allegiant Travel's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Allegiant Travel's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Allegiant Travel has virtually no predictability. Overlapping area represents the amount of predictability between Allegiant Travel time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Allegiant Travel price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Allegiant Travel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 3.49 |
Allegiant Travel lagged returns against current returns
Autocorrelation, which is Allegiant Travel 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 Allegiant Travel's stock expected returns. We can calculate the autocorrelation of Allegiant Travel returns to help us make a trade decision. For example, suppose you find that Allegiant Travel 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 |
Allegiant Travel 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 Allegiant Travel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegiant Travel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegiant Travel stock over time.
Current vs Lagged Prices |
| Timeline |
Allegiant Travel Lagged Returns
When evaluating Allegiant Travel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegiant Travel stock have on its future price. Allegiant Travel 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, Allegiant Travel autocorrelation shows the relationship between Allegiant Travel stock current value and its past values and can show if there is a momentum factor associated with investing in Allegiant Travel.
Regressed Prices |
| Timeline |
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Additional Tools for Allegiant Stock Analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.