Alaska Air Group Stock Performance

ALK Stock  USD 44.44  1.72  4.03%   
On a scale of 0 to 100, Alaska Air holds a performance score of 16. The firm shows a Beta (market volatility) of 1.72, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alaska Air will likely underperform. Please check Alaska Air's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Alaska Air's price patterns will revert.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Alaska Air Group are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting essential indicators, Alaska Air disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

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Disposition of 2400 shares by Berry Jason M of Alaska Air subject to Rule 16b-3
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Begin Period Cash Flow338 M

Alaska Air Relative Risk vs. Return Landscape

If you would invest  3,483  in Alaska Air Group on January 20, 2024 and sell it today you would earn a total of  961.00  from holding Alaska Air Group or generate 27.59% return on investment over 90 days. Alaska Air Group is generating 0.4136% of daily returns assuming volatility of 2.0137% on return distribution over 90 days investment horizon. In other words, 17% of stocks are less volatile than Alaska, and above 92% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
Considering the 90-day investment horizon Alaska Air is expected to generate 3.24 times more return on investment than the market. However, the company is 3.24 times more volatile than its market benchmark. It trades about 0.21 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.1 per unit of risk.

Alaska Air Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alaska Air's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Alaska Air Group, and traders can use it to determine the average amount a Alaska Air's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2054

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Estimated Market Risk

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83% of assets are more volatile

Expected Return

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92% of assets have higher returns

Risk-Adjusted Return

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84% of assets perform better
Based on monthly moving average Alaska Air is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alaska Air by adding it to a well-diversified portfolio.

Alaska Air Fundamentals Growth

Alaska Stock prices reflect investors' perceptions of the future prospects and financial health of Alaska Air, and Alaska Air fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Alaska Stock performance.

About Alaska Air Performance

To evaluate Alaska Air Group Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Alaska Air generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alaska Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alaska Air Group market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Alaska's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 4.98  4.73 
Return On Tangible Assets 0.02  0.02 
Return On Capital Employed 0.08  0.05 
Return On Assets 0.01  0.02 
Return On Equity 0.06  0.06 

Things to note about Alaska Air Group performance evaluation

Checking the ongoing alerts about Alaska Air for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Alaska Air Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company has 3.82 B in debt with debt to equity (D/E) ratio of 1.03, which is OK given its current industry classification. Alaska Air Group has a current ratio of 0.79, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Alaska Air until it has trouble settling it off, either with new capital or with free cash flow. So, Alaska Air's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Alaska Air Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Alaska to invest in growth at high rates of return. When we think about Alaska Air's use of debt, we should always consider it together with cash and equity.
Over 83.0% of Alaska Air shares are held by institutions such as insurance companies
Latest headline from Disposition of 2400 shares by Berry Jason M of Alaska Air subject to Rule 16b-3
Evaluating Alaska Air's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Alaska Air's stock performance include:
  • Analyzing Alaska Air's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Alaska Air's stock is overvalued or undervalued compared to its peers.
  • Examining Alaska Air's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Alaska Air's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Alaska Air's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Alaska Air's stock. These opinions can provide insight into Alaska Air's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Alaska Air's stock performance is not an exact science, and many factors can impact Alaska Air's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Alaska Air Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Alaska Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Alaska Air Group Stock. Highlighted below are key reports to facilitate an investment decision about Alaska Air Group Stock:
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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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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.
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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.