Alaska Historical Valuation
| ALK Stock | USD 45.53 0.52 1.16% |
Some fundamental drivers such as market cap or Alaska Air enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Alaska Air Group valuation indicators such as Working Capital of 0.0 or Enterprise Value of 3.7 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Alaska Air's future value.
Alaska |
About Alaska Valuation Data Analysis
Valuation is the financial process of determining what Alaska Air is worth. Alaska Air valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Alaska Air valuation ratios help investors to determine whether Alaska Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alaska with respect to the benefits of owning Alaska Air security.
Alaska Air Valuation Data Chart
Alaska valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of Alaska equity instrument and the benefits of owning shares of Alaska Air Group.
Market Cap is expected to rise to about 2.9 B this year. Enterprise Value is expected to rise to about 3.7 B this year Enterprise Value
Enterprise Value (or EV) is usually referred to as Alaska Air theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Alaska Air Group debt, but would also pocket its cash. Enterprise Value is more accurate representation of Alaska Air value than its market capitalization because it takes into account all of Alaska Air Group existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.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
| 0.63 | CPA | Copa Holdings SA Financial Report 8th of May 2024 | PairCorr |
Moving against Alaska Stock
| 0.86 | SRFM | Surf Air Mobility | PairCorr |
| 0.81 | AZ | A2Z Smart Technologies | PairCorr |
| 0.81 | BA | Boeing Earnings Call Tomorrow | PairCorr |
| 0.77 | HA | Hawaiian Holdings Earnings Call Today | PairCorr |
| 0.73 | AP | Ampco Pittsburgh | 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Alaska Stock analysis
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 1.83 | Revenue Per Share 82.383 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0333 |
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.