Alaska Short Long Term Debt Total vs Common Stock Shares Outstanding Analysis
ALK Stock | USD 43.48 0.30 0.69% |
Alaska Air financial indicator trend analysis is way more than just evaluating Alaska Air Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alaska Air Group is a good investment. Please check the relationship between Alaska Air Short Long Term Debt Total and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Short Long Term Debt Total vs Common Stock Shares Outstanding
Short Long Term Debt Total vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alaska Air Group Short Long Term Debt Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Alaska Air's Short Long Term Debt Total and Common Stock Shares Outstanding is 0.09. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Alaska Air Group, assuming nothing else is changed. The correlation between historical values of Alaska Air's Short Long Term Debt Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Alaska Air Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Short Long Term Debt Total i.e., Alaska Air's Short Long Term Debt Total and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Long Term Debt Total
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Alaska Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alaska Air Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Alaska Air's Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.30 this year, although Enterprise Value Multiple will most likely fall to 3.94.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 680M | 1.0B | 1.0B | 1.5B | Cost Of Revenue | 4.8B | 8.0B | 8.5B | 8.9B |
Alaska Air fundamental ratios Correlations
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Alaska Air Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alaska Air fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.0B | 14.0B | 14.0B | 14.3B | 15.8B | 16.6B | |
Short Long Term Debt Total | 3.2B | 5.1B | 4.1B | 3.9B | 3.8B | 4.0B | |
Other Current Liab | 1.7B | 1.7B | 1.1B | 1.5B | 1.4B | 1.5B | |
Total Current Liabilities | 3.2B | 4.3B | 4.0B | 4.5B | 4.5B | 4.7B | |
Total Stockholder Equity | 4.3B | 3.0B | 3.8B | 3.8B | 4.1B | 4.3B | |
Property Plant And Equipment Net | 8.6B | 7.6B | 7.6B | 8.8B | 9.6B | 10.1B | |
Net Debt | 3.0B | 3.7B | 3.6B | 3.5B | 4.1B | 4.3B | |
Retained Earnings | 5.1B | 3.8B | 4.2B | 4.3B | 4.5B | 4.8B | |
Cash | 221M | 1.4B | 470M | 338M | 281M | 280.5M | |
Non Current Assets Total | 11.0B | 10.0B | 10.0B | 11.2B | 13.1B | 13.8B | |
Non Currrent Assets Other | 278M | 379M | 396M | (243M) | 262M | 275.1M | |
Cash And Short Term Investments | 1.5B | 3.3B | 3.1B | 2.4B | 1.8B | 967.2M | |
Net Receivables | 323M | 480M | 546M | 296M | 383M | 402.2M | |
Common Stock Shares Outstanding | 124.3M | 123.5M | 126.8M | 127.9M | 128.7M | 118.0M | |
Liabilities And Stockholders Equity | 13.0B | 14.0B | 14.0B | 14.3B | 15.8B | 16.6B | |
Non Current Liabilities Total | 5.5B | 6.8B | 6.2B | 6.0B | 7.3B | 7.6B | |
Other Current Assets | 516M | 660M | 196M | 60M | 415M | 302.9M | |
Other Stockholder Equity | (338M) | (266M) | (180M) | (97M) | (124M) | (117.8M) | |
Total Liab | 8.7B | 11.0B | 10.2B | 10.5B | 11.7B | 12.3B | |
Property Plant And Equipment Gross | 1.3B | 7.6B | 10B | 11.4B | 13.1B | 13.7B | |
Total Current Assets | 2.0B | 4.0B | 3.9B | 3.0B | 2.7B | 1.4B | |
Accumulated Other Comprehensive Income | (465M) | (494M) | (262M) | (388M) | (299M) | (314.0M) | |
Short Term Debt | 504M | 1.4B | 634M | 523M | 511M | 536.6M | |
Intangible Assets | 122M | 107M | 2.0B | 2.0B | 2.0B | 2.1B | |
Accounts Payable | 146M | 108M | 200M | 221M | 207M | 113.9M | |
Current Deferred Revenue | 900M | 1.1B | 2.1B | 2.3B | 2.4B | 2.5B | |
Short Term Investments | 1.3B | 2.0B | 2.6B | 2.1B | 1.5B | 1.0B | |
Other Liab | 2.8B | 3.1B | 2.7B | 2.6B | 3.0B | 3.1B | |
Other Assets | 809M | 379M | 780M | 380M | 437M | 325.4M | |
Long Term Debt | 1.3B | 2.4B | 2.2B | 1.9B | 2.2B | 1.4B | |
Treasury Stock | (518M) | (568M) | (643M) | (674M) | (606.6M) | (576.3M) | |
Property Plant Equipment | 8.1B | 6.2B | 7.2B | 8.8B | 10.1B | 10.7B | |
Net Tangible Assets | 2.3B | 3.0B | 1.8B | 3.8B | 4.4B | 3.1B | |
Long Term Debt Total | 1.3B | 2.4B | 2.2B | 1.9B | 2.2B | 1.6B | |
Capital Surpluse | 305M | 391M | 494M | 577M | 519.3M | 338.2M |
Pair Trading with Alaska Air
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.Moving together with Alaska Stock
0.89 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
Moving against Alaska Stock
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0.8 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Alaska Air's price analysis, check to measure Alaska Air'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 Alaska Air is operating at the current time. Most of Alaska Air's value examination focuses on studying past and present price action to predict the probability of Alaska Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Air's price. Additionally, you may evaluate how the addition of Alaska Air to your portfolios can decrease your overall portfolio volatility.
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Is Alaska Air's industry 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 2.484 | Earnings Share 1.89 | Revenue Per Share 82.383 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0335 |
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.