SOUTHWEST AIRLINES CO Market Value
| 844741BK3 | 100.07 0.43 0.43% |
| Symbol | SOUTHWEST |
SOUTHWEST '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 SOUTHWEST's bond 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 SOUTHWEST.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in SOUTHWEST on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding SOUTHWEST AIRLINES CO or generate 0.0% return on investment in SOUTHWEST over 510 days. SOUTHWEST is related to or competes with Summit Hotel, Park Hotels, RadNet, Biglari Holdings, Merit Medical, Ryman Hospitality, and Dennys Corp. More
SOUTHWEST 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 SOUTHWEST's bond 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 SOUTHWEST AIRLINES CO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.4 |
SOUTHWEST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOUTHWEST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOUTHWEST's standard deviation. In reality, there are many statistical measures that can use SOUTHWEST historical prices to predict the future SOUTHWEST's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (13.06) |
SOUTHWEST AIRLINES Backtested Returns
SOUTHWEST AIRLINES owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.007, which indicates the bond had a -0.007% return per unit of standard deviation over the last 3 months. SOUTHWEST AIRLINES CO exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOUTHWEST's risk adjusted performance of (0), and Variance of 0.7911 to confirm the risk estimate we provide. The entity has a beta of 0.0011, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SOUTHWEST's returns are expected to increase less than the market. However, during the bear market, the loss of holding SOUTHWEST is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
SOUTHWEST AIRLINES CO has modest predictability. Overlapping area represents the amount of predictability between SOUTHWEST time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 SOUTHWEST AIRLINES price movement. The serial correlation of 0.55 indicates that about 55.0% of current SOUTHWEST price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
SOUTHWEST AIRLINES lagged returns against current returns
Autocorrelation, which is SOUTHWEST bond'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 SOUTHWEST's bond expected returns. We can calculate the autocorrelation of SOUTHWEST returns to help us make a trade decision. For example, suppose you find that SOUTHWEST has exhibited high autocorrelation historically, and you observe that the bond 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 |
SOUTHWEST 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 SOUTHWEST bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOUTHWEST bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOUTHWEST bond over time.
Current vs Lagged Prices |
| Timeline |
SOUTHWEST Lagged Returns
When evaluating SOUTHWEST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOUTHWEST bond have on its future price. SOUTHWEST 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, SOUTHWEST autocorrelation shows the relationship between SOUTHWEST bond current value and its past values and can show if there is a momentum factor associated with investing in SOUTHWEST AIRLINES CO.
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 SOUTHWEST Bond
SOUTHWEST financial ratios help investors to determine whether SOUTHWEST Bond 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 SOUTHWEST with respect to the benefits of owning SOUTHWEST security.