ALGT Stock | | | USD 62.96 2.27 3.74% |
Allegiant Travel financial indicator trend analysis is way more than just evaluating Allegiant Travel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegiant Travel is a good investment. Please check the relationship between Allegiant Travel Long Term Investments and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Allegiant Stock please use our
How to Invest in Allegiant Travel guide.
Long Term Investments vs Net Receivables
Long Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Allegiant Travel Long Term Investments account and
Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Allegiant Travel's Long Term Investments and Net Receivables is -0.16. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Allegiant Travel, assuming nothing else is changed. The correlation between historical values of Allegiant Travel's Long Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Allegiant Travel are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Investments i.e., Allegiant Travel's Long Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Investments
Long Term Investments is an item on the asset side of Allegiant Travel balance sheet that represents investments Allegiant Travel intends to hold for over a year. Allegiant Travel long term investments may include different instruments such as stocks, bonds, real estate and cash.
Net Receivables
Most indicators from Allegiant Travel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegiant Travel current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Allegiant Stock please use our
How to Invest in Allegiant Travel guide.At this time, Allegiant Travel's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 4.4
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 105
M in 2024.
Allegiant Travel fundamental ratios Correlations
Click cells to compare fundamentals
Allegiant Travel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Allegiant Travel fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Allegiant Stock Analysis
When running Allegiant Travel's price analysis, check to
measure Allegiant Travel'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 Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to
predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.