Allegiant Travel Stock Alpha and Beta Analysis
| ALGT Stock | USD 61.26 0.74 1.22% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Allegiant Travel. It also helps investors analyze the systematic and unsystematic risks associated with investing in Allegiant Travel over a specified time horizon. Remember, high Allegiant Travel's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Allegiant Travel's market risk premium analysis include:
Beta 2.37 | Alpha (0.40) | Risk 2.64 | Sharpe Ratio (0.10) | Expected Return (0.27) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Allegiant |
Allegiant Travel Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Allegiant Travel market risk premium is the additional return an investor will receive from holding Allegiant Travel long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Allegiant Travel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Allegiant Travel's performance over market.| α | -0.4 | β | 2.37 |
Allegiant Travel expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Allegiant Travel's Buy-and-hold return. Our buy-and-hold chart shows how Allegiant Travel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Allegiant Travel Market Price Analysis
Market price analysis indicators help investors to evaluate how Allegiant Travel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allegiant Travel shares will generate the highest return on investment. By understating and applying Allegiant Travel stock market price indicators, traders can identify Allegiant Travel position entry and exit signals to maximize returns.
Allegiant Travel Return and Market Media
The median price of Allegiant Travel for the period between Fri, Jan 19, 2024 and Thu, Apr 18, 2024 is 73.73 with a coefficient of variation of 7.82. The daily time series for the period is distributed with a sample standard deviation of 5.71, arithmetic mean of 72.97, and mean deviation of 4.6. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Skull And Bones - How To Get Scurlocks Chasers | 02/16/2024 |
| Allegiant Travel dividend paid on 1st of March 2024 | 03/01/2024 |
3 | Brands want your loyaltyand will offer more than points to get it | 03/20/2024 |
4 | Allegiant Travel Advances While Market Declines Some Information for Investors | 03/22/2024 |
5 | March Madness Michigan GOP lawmaker posts illegal invaders land at airport, but it was Gonzaga | 03/28/2024 |
6 | Allegiant is having a fare sale. What routes have flights less than 50 from Des Moines | 04/03/2024 |
7 | Allegiant Travel Stock Moves -0.27 percent What You Should Know | 04/04/2024 |
8 | Disposition of 4985 shares by John Redmond of Allegiant Travel at 75.43 subject to Rule 16b-3 | 04/05/2024 |
9 | St. Pete-Clearwater Airport expansion moving forward with 110 million in funding | 04/10/2024 |
10 | Editorial OHares boosters are finally realizing that the airlines are, in fact, the clients | 04/12/2024 |
11 | New on Hulu May 2024 | 04/17/2024 |
About Allegiant Travel Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Allegiant or other stocks. Alpha measures the amount that position in Allegiant Travel has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0149 | 0.0134 | 0.0132 | Price To Sales Ratio | 1.89 | 0.59 | 0.56 |
Allegiant Travel Upcoming Company Events
As portrayed in its financial statements, the presentation of Allegiant Travel's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allegiant Travel's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Allegiant Travel's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Allegiant Travel. Please utilize our Beneish M Score to check the likelihood of Allegiant Travel's management manipulating its earnings.
| 5th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Allegiant Travel
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Allegiant Travel Backtesting, Allegiant Travel Valuation, Allegiant Travel Correlation, Allegiant Travel Hype Analysis, Allegiant Travel Volatility, Allegiant Travel History and analyze Allegiant Travel Performance. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Allegiant Stock analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel'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 Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.
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Allegiant Travel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.