Alaska Enterprise Value Multiple from 2010 to 2024
| ALK Stock | USD 43.29 0.12 0.28% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter 6.30632685 | Current Value 3.94 | Quarterly Volatility 5.79084837 |
Check Alaska Air financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alaska main balance sheet or income statement drivers, such as Depreciation And Amortization of 473.6 M, Interest Expense of 127 M or Selling General Administrative of 292.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.47, Dividend Yield of 0.0077 or PTB Ratio of 1.26. Alaska financial statements analysis is a perfect complement when working with Alaska Air Valuation or Volatility modules.
Alaska | Enterprise Value Multiple |
Latest Alaska Air's Enterprise Value Multiple Growth Pattern
Below is the plot of the Enterprise Value Multiple of Alaska Air Group over the last few years. It is Alaska Air's Enterprise Value Multiple historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Alaska Air's overall financial position and show how it may be relating to other accounts over time.
| Enterprise Value Multiple | 10 Years Trend |
|
Enterprise Value Multiple |
| Timeline |
Alaska Enterprise Value Multiple Regression Statistics
| Arithmetic Mean | 7.10 | |
| Coefficient Of Variation | 81.62 | |
| Mean Deviation | 3.45 | |
| Median | 7.96 | |
| Standard Deviation | 5.79 | |
| Sample Variance | 33.53 | |
| Range | 25.0096 | |
| R-Value | (0.04) | |
| Mean Square Error | 36.06 | |
| R-Squared | 0 | |
| Significance | 0.89 | |
| Slope | (0.05) | |
| Total Sum of Squares | 469.47 |
Alaska Enterprise Value Multiple History
About Alaska Air Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Alaska Air income statement, its balance sheet, and the statement of cash flows. Alaska Air investors use historical funamental indicators, such as Alaska Air's Enterprise Value Multiple, to determine how well the company is positioned to perform in the future. Although Alaska Air investors may use each financial statement separately, they are all related. The changes in Alaska Air's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alaska Air's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Alaska Air Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alaska Air. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Enterprise Value Multiple | 6.31 | 3.94 |
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 against Alaska Stock
| 0.89 | HTLD | Heartland Express | PairCorr |
| 0.85 | AZ | A2Z Smart Technologies | PairCorr |
| 0.84 | KNX | Knight Transportation Financial Report 18th of July 2024 | PairCorr |
| 0.84 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.83 | MRTN | Marten Transport Financial Report 17th of July 2024 | 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 the analysis of Alaska Air Correlation against competitors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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 1.89 | Revenue Per Share 82.383 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0335 |
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.