Spirit Airlines (Germany) Market Value
| S64 Stock | EUR 0.95 0.00 0.00% |
| Symbol | Spirit |
Spirit Airlines '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 Spirit Airlines' 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 Spirit Airlines.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Spirit Airlines on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Spirit Airlines or generate 0.0% return on investment in Spirit Airlines over 30 days. Spirit Airlines is related to or competes with RYANAIR HLDGS, Ryanair Holdings, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean More
Spirit Airlines 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 Spirit Airlines' 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 Spirit Airlines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 118.65 | |||
| Value At Risk | (21.19) | |||
| Potential Upside | 17.13 |
Spirit Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirit Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirit Airlines' standard deviation. In reality, there are many statistical measures that can use Spirit Airlines historical prices to predict the future Spirit Airlines' volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (2.13) | |||
| Treynor Ratio | (0.06) |
Spirit Airlines Backtested Returns
Spirit Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0079, which indicates the firm had a -0.0079% return per unit of risk over the last 3 months. Spirit Airlines exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spirit Airlines' Variance of 202.5, risk adjusted performance of 0.0032, and Coefficient Of Variation of (11,581) to confirm the risk estimate we provide. The entity has a beta of 2.22, which indicates 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, Spirit Airlines will likely underperform. At this point, Spirit Airlines has a negative expected return of -0.11%. Please make sure to validate Spirit Airlines' maximum drawdown, potential upside, and the relationship between the jensen alpha and value at risk , to decide if Spirit Airlines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Spirit Airlines has no correlation between past and present. Overlapping area represents the amount of predictability between Spirit Airlines time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Spirit Airlines price movement. The serial correlation of 0.0 indicates that just 0.0% of current Spirit Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spirit Airlines lagged returns against current returns
Autocorrelation, which is Spirit Airlines 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 Spirit Airlines' stock expected returns. We can calculate the autocorrelation of Spirit Airlines returns to help us make a trade decision. For example, suppose you find that Spirit Airlines 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 |
Spirit Airlines 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 Spirit Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirit Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirit Airlines stock over time.
Current vs Lagged Prices |
| Timeline |
Spirit Airlines Lagged Returns
When evaluating Spirit Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirit Airlines stock have on its future price. Spirit Airlines 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, Spirit Airlines autocorrelation shows the relationship between Spirit Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in Spirit Airlines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Spirit Stock
Spirit Airlines financial ratios help investors to determine whether Spirit 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 Spirit with respect to the benefits of owning Spirit Airlines security.