Skywest Stock Market Value
| SKYW Stock | USD 109.56 0.58 0.53% |
| Symbol | SkyWest |
SkyWest 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 SkyWest. If investors know SkyWest 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 SkyWest 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 2.927 | Earnings Share 5.84 | Revenue Per Share 82.64 | Quarterly Revenue Growth 0.191 | Return On Assets 0.0339 |
The market value of SkyWest is measured differently than its book value, which is the value of SkyWest that is recorded on the company's balance sheet. Investors also form their own opinion of SkyWest's value that differs from its market value or its book value, called intrinsic value, which is SkyWest'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 SkyWest's market value can be influenced by many factors that don't directly affect SkyWest'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 SkyWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if SkyWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SkyWest'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.
SkyWest '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 SkyWest'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 SkyWest.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in SkyWest on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding SkyWest or generate 0.0% return on investment in SkyWest over 30 days. SkyWest is related to or competes with Copa Holdings, Sun Country, Air Transport, Frontier Group, Allegiant Travel, International Consolidated, and Spirit Airlines. SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States More
SkyWest 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 SkyWest'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 SkyWest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.2746 | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 3.8 |
SkyWest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SkyWest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SkyWest's standard deviation. In reality, there are many statistical measures that can use SkyWest historical prices to predict the future SkyWest's volatility.| Risk Adjusted Performance | 0.2503 | |||
| Jensen Alpha | 0.4527 | |||
| Total Risk Alpha | 0.3957 | |||
| Sortino Ratio | 0.4083 | |||
| Treynor Ratio | 0.3253 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SkyWest's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SkyWest Backtested Returns
SkyWest appears to be very steady, given 3 months investment horizon. SkyWest owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% return per unit of risk over the last 3 months. By inspecting SkyWest's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review SkyWest's Risk Adjusted Performance of 0.2503, coefficient of variation of 308.46, and Semi Deviation of 0.8161 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SkyWest holds a performance score of 23. The entity has a beta of 1.89, 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, SkyWest will likely underperform. Please check SkyWest's downside variance, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to make a quick decision on whether SkyWest's existing price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
SkyWest has almost perfect reverse predictability. Overlapping area represents the amount of predictability between SkyWest time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 SkyWest price movement. The serial correlation of -0.76 indicates that around 76.0% of current SkyWest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
SkyWest lagged returns against current returns
Autocorrelation, which is SkyWest 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 SkyWest's stock expected returns. We can calculate the autocorrelation of SkyWest returns to help us make a trade decision. For example, suppose you find that SkyWest 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 |
SkyWest 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 SkyWest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SkyWest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SkyWest stock over time.
Current vs Lagged Prices |
| Timeline |
SkyWest Lagged Returns
When evaluating SkyWest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SkyWest stock have on its future price. SkyWest 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, SkyWest autocorrelation shows the relationship between SkyWest stock current value and its past values and can show if there is a momentum factor associated with investing in SkyWest.
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.Additional Tools for SkyWest Stock Analysis
When running SkyWest's price analysis, check to measure SkyWest'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 SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.