Skywest Stock Market Value
| SKYW Stock | USD 68.03 1.30 1.95% |
| Symbol | SkyWest |
SkyWest Price To Book Ratio
Is SkyWest'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 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 (0.42) | Earnings Share 0.77 | Revenue Per Share 66.805 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0092 |
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.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in SkyWest on March 19, 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 | 1.3 | |||
| Information Ratio | 0.2324 | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.86 |
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 | 0.1729 | |||
| Jensen Alpha | 0.3998 | |||
| Total Risk Alpha | 0.3255 | |||
| Sortino Ratio | 0.3116 | |||
| Treynor Ratio | 0.3967 |
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 0.54% is justified by implied risk. Please review SkyWest's Semi Deviation of 0.9141, risk adjusted performance of 0.1729, and Coefficient Of Variation of 378.56 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 1.14, which indicates a somewhat significant risk relative to the market. SkyWest returns are very sensitive to returns on the market. As the market goes up or down, SkyWest is expected to follow. 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 | -0.42 |
Modest reverse predictability
SkyWest has modest reverse predictability. Overlapping area represents the amount of predictability between SkyWest time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 -0.42 indicates that just about 42.0% of current SkyWest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
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 |
Currently Active Assets on Macroaxis
When determining whether SkyWest is a strong investment it is important to analyze SkyWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SkyWest's future performance. For an informed investment choice regarding SkyWest Stock, refer to the following important reports:Check out SkyWest Correlation, SkyWest Volatility and SkyWest Alpha and Beta module to complement your research on SkyWest. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary 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.
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SkyWest 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.