Alaska Air Group Stock Price on May 9, 2024
| ALK Stock | USD 43.29 0.01 0.02% |
Below is the normalized historical share price chart for Alaska Air Group extending back to March 17, 1980. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Alaska Air stands at 43.29, as last reported on the 20th of May, with the highest price reaching 44.18 and the lowest price hitting 43.21 during the day.
If you're considering investing in Alaska Stock, it is important to understand the factors that can impact its price. We consider Alaska Air very steady. Alaska Air Group secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alaska Air Group, which you can use to evaluate the volatility of the firm. Please confirm Alaska Air's mean deviation of 1.4, and Risk Adjusted Performance of 0.0845 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%.
At this time, Alaska Air's Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 16.6 B this year, although the value of Common Stock Total Equity will most likely fall to about 855 K. . At this time, Alaska Air's Price Earnings Ratio is quite stable compared to the past year. Price Book Value Ratio is expected to rise to 1.26 this year, although the value of Price To Free Cash Flows Ratio is projected to rise to (10.65). Alaska Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 2001 | 200 Day MA 38.7308 | 50 Day MA 41.9464 | Beta 1.607 |
Alaska |
Sharpe Ratio = 0.1015
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Estimated Market Risk
| 1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Alaska Air is performing at about 7% 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.
Price Book 1.2632 | Enterprise Value Ebitda 8.3209 | Price Sales 0.4983 | Shares Float 126.3 M | Wall Street Target Price 56.56 |
Alaska Air Main Headline on 9th of May 2024
Boeing quality issue delays Alaska Airlines converted freigh... by finance.yahoo.com
The date for entry into service of two Alaska Airlines aircraft continues to slide because of problems with Boeings modification to a cargo configuration. The post Boeing quality issue delays Alaska Airlines converted freighters appeared first on FreightWaves.
Alaska Air Valuation on May 9, 2024
It is possible to determine the worth of Alaska Air on a given historical date. On May 9, 2024 Alaska was worth 43.15 at the beginning of the trading date compared to the closed value of 43.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alaska Air stock. Still, in general, we apply an absolute valuation method to find Alaska Air's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alaska Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alaska Air's related companies.
| Open | High | Low | Close | Volume | |
| 42.95 | 43.47 | 42.79 | 43.29 | 1,171,580 | |
05/09/2024 | 43.15 | 43.88 | 42.76 | 43.86 | 1,791,924 |
| 43.99 | 44.22 | 43.31 | 43.76 | 1,202,498 |
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Alaska Air Trading Date Momentum on May 9, 2024
| On May 10 2024 Alaska Air Group was traded for 43.76 at the closing time. Highest Alaska Air's price during the trading hours was 44.22 and the lowest price during the day was 43.31 . The net volume was 1.2 M. The overall trading history on the 10th of May contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.23% . The overall trading delta to current price is 1.32% . |
Alaska Air Group Fundamentals Correlations and Trends
By evaluating Alaska Air's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alaska Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alaska financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alaska Air Stock history
Alaska Air investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alaska is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alaska Air Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alaska Air stock prices may prove useful in developing a viable investing in Alaska Air
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 128.7 M | 118 M | |
| Net Income Applicable To Common Shares | 66.7 M | 63.4 M |
Alaska Air Stock Technical Analysis
Alaska Air technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alaska Air Period Price Range
Low | May 9, 2024
| High |
43.15 | 43.86 |
Alaska Air May 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Alaska Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alaska Air shares will generate the highest return on investment. By undertsting and applying Alaska Air stock market strength indicators, traders can identify Alaska Air Group entry and exit signals to maximize returns
| Accumulation Distribution | 45737.35 | |||
| Daily Balance Of Power | 0.6339 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 43.32 | |||
| Day Typical Price | 43.5 | |||
| Price Action Indicator | 0.89 | |||
| Period Momentum Indicator | (0.57) |
Alaska Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alaska Air's price direction in advance. Along with the technical and fundamental analysis of Alaska Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alaska to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0845 | |||
| Jensen Alpha | 0.108 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0906 | |||
| Treynor Ratio | 0.1671 |
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| Volume Indicators |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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.