SkyWest Cash per Share vs. Short Ratio
| SKYW Stock | USD 71.35 2.96 3.98% |
Cash Per Share | First Reported 2010-12-31 | Previous Quarter 19.00826127 | Current Value 19.96 | Quarterly Volatility 5.50152681 |
For SkyWest profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SkyWest to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SkyWest utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SkyWest's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SkyWest over time as well as its relative position and ranking within its peers.
SkyWest |
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 Short Ratio vs. Cash per Share Fundamental Analysis
SkyWest Short Ratio vs. Cash per Share
SkyWest | = | null |
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
SkyWest |
| = | 3.25 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
SkyWest Short Ratio Comparison
SkyWest is currently under evaluation in short ratio category among related companies.
Use SkyWest 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 SkyWest 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 SkyWest will appreciate offsetting losses from the drop in the long position's value.SkyWest Pair Trading
SkyWest Pair Trading Analysis
The ability to find closely correlated positions to SkyWest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SkyWest 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 SkyWest - 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 SkyWest to buy it.
The correlation of SkyWest 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 SkyWest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SkyWest 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 SkyWest 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 SkyWest position
In addition to having SkyWest 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 Conservative Funds Thematic Idea Now
Conservative Funds
Funds or Etfs that invest using buy-and-hold investment strategy in companies with consistent growth over many years of operation. The Conservative Funds theme has 41 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 Conservative Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out World Market Map. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
To fully project SkyWest's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SkyWest 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 SkyWest's income statement, its balance sheet, and the statement of cash flows.