Delta Price Book Value Ratio from 2010 to 2024
| DAL Stock | USD 49.92 0.04 0.08% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 2.3149005 | Current Value 2.48 | Quarterly Volatility 5.32592309 |
Check Delta Air financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Delta main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 B, Interest Expense of 984.5 M or Selling General Administrative of 3.1 B, as well as many exotic indicators such as Price To Sales Ratio of 0.33, Dividend Yield of 0.0054 or PTB Ratio of 2.48. Delta financial statements analysis is a perfect complement when working with Delta Air Valuation or Volatility modules.
Delta | Price Book Value Ratio |
Latest Delta Air's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Delta Air Lines over the last few years. It is Delta Air's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Delta Air's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
|
Price Book Value Ratio |
| Timeline |
Delta Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 3.12 | |
| Geometric Mean | 3.48 | |
| Coefficient Of Variation | 170.94 | |
| Mean Deviation | 2.91 | |
| Median | 2.52 | |
| Standard Deviation | 5.33 | |
| Sample Variance | 28.37 | |
| Range | 23.7577 | |
| R-Value | 0.45 | |
| Mean Square Error | 24.34 | |
| R-Squared | 0.20 | |
| Significance | 0.09 | |
| Slope | 0.54 | |
| Total Sum of Squares | 397.12 |
Delta Price Book Value Ratio History
About Delta Air Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Delta Air income statement, its balance sheet, and the statement of cash flows. Delta Air investors use historical funamental indicators, such as Delta Air's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Delta Air investors may use each financial statement separately, they are all related. The changes in Delta Air's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Delta 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 Delta Air Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Delta Air. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 2.31 | 2.48 |
Pair Trading with Delta 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 Delta 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 Delta Air will appreciate offsetting losses from the drop in the long position's value.Moving against Delta Stock
| 0.93 | AZ | A2Z Smart Technologies | PairCorr |
| 0.91 | HA | Hawaiian Holdings | PairCorr |
| 0.89 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.79 | AP | Ampco Pittsburgh | PairCorr |
| 0.62 | FA | First Advantage Corp Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Delta 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 Delta 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 Delta 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 Delta Air Lines to buy it.
The correlation of Delta 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 Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines 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 Delta 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 Delta Air Correlation against competitors. Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Delta Stock analysis
When running Delta Air's price analysis, check to measure Delta 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 Delta Air is operating at the current time. Most of Delta Air's value examination focuses on studying past and present price action to predict the probability of Delta 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 Delta Air's price. Additionally, you may evaluate how the addition of Delta Air to your portfolios can decrease your overall portfolio volatility.
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Is Delta 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 Delta Air. If investors know Delta 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 Delta 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 1.436 | Dividend Share 0.3 | Earnings Share 7.8 | Revenue Per Share 92.354 | Quarterly Revenue Growth 0.078 |
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta 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 Delta Air's market value can be influenced by many factors that don't directly affect Delta 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 Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta 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.