Alaska Air Number Of Shares Shorted vs. Price To Book
| ALK Stock | USD 52.42 0.12 0.23% |
For Alaska Air profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alaska Air to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alaska Air Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alaska Air's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alaska Air Group over time as well as its relative position and ranking within its peers.
Alaska |
Alaska Air's Revenue Breakdown by Earning Segment
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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 Alaska Air. If investors know Alaska 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 Alaska Air 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 0.704 | Earnings Share 2.51 | Revenue Per Share 85.034 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0286 |
The market value of Alaska Air Group is measured differently than its book value, which is the value of Alaska that is recorded on the company's balance sheet. Investors also form their own opinion of Alaska Air's value that differs from its market value or its book value, called intrinsic value, which is Alaska Air'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 Alaska Air's market value can be influenced by many factors that don't directly affect Alaska Air'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 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 Group Price To Book vs. Number Of Shares Shorted Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alaska Air's current stock value. Our valuation model uses many indicators to compare Alaska Air value to that of its competitors to determine the firm's financial worth. Alaska Air Group is rated fourth in number of shares shorted category among its peers. It is rated third in price to book category among its peers . The ratio of Number Of Shares Shorted to Price To Book for Alaska Air Group is about 5,972,719 . Price To Book Ratio is expected to rise to 1.26 this year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Alaska Air by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Alaska Price To Book vs. Number Of Shares Shorted
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Alaska Air |
| = | 8.87 M |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Alaska Air |
| = | 1.49 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Alaska Price To Book Comparison
Alaska Air is currently under evaluation in price to book category among its peers.
Alaska Air Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Alaska Air, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Alaska Air will eventually generate negative long term returns. The profitability progress is the general direction of Alaska Air's change in net profit over the period of time. It can combine multiple indicators of Alaska Air, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -299 M | -313.9 M | |
| Operating Income | 394 M | 243.9 M | |
| Income Before Tax | 323 M | 242.1 M | |
| Total Other Income Expense Net | -71 M | -67.5 M | |
| Net Income | 235 M | 173.4 M | |
| Income Tax Expense | 88 M | 83.4 M | |
| Net Income Applicable To Common Shares | 66.7 M | 63.4 M | |
| Net Income From Continuing Ops | 259 M | 341.4 M | |
| Non Operating Income Net Other | -27 M | -25.6 M | |
| Interest Income | 80 M | 48.6 M | |
| Net Interest Income | -7 M | -7.3 M | |
| Change To Netincome | 38.7 M | 36.8 M | |
| Net Income Per Share | 1.84 | 1.94 | |
| Income Quality | 4.47 | 4.69 | |
| Net Income Per E B T | 0.73 | 0.81 |
Alaska Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alaska Air. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Alaska Air position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Alaska Air's important profitability drivers and their relationship over time.
Use Alaska Air in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alaska Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alaska Air will appreciate offsetting losses from the drop in the long position's value.Alaska Air Pair Trading
Alaska Air Group Pair Trading Analysis
The ability to find closely correlated positions to Alaska Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alaska Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alaska Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alaska Air Group to buy it.
The correlation of Alaska Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alaska Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alaska Air Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alaska Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Alaska Air position
In addition to having Alaska Air in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Personal Services Thematic Idea Now
Personal Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Personal Services theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Personal Services Theme or any other thematic opportunities.
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To fully project Alaska Air's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alaska Air Group at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Alaska Air's income statement, its balance sheet, and the statement of cash flows.