Spirit Competitors

Delisted . USA . 
Stock . Spirit Airlines
SAVEDelisted Stock  USD 0.15  0.11  42.31%   
Spirit Airlines competes with American Airlines, Delta Air, Southwest Airlines, United Airlines, and Sun Country; as well as few others. The company conducts business under Passenger Airlines sector and is part of Industrials industry. Analyzing Spirit Airlines competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Spirit Airlines to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Spirit Airlines competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spirit Airlines' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.010.1318.44
Details
Intrinsic
Valuation
LowRealHigh
0.010.1418.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
-0.581.714.00
Details

Spirit Airlines Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Spirit Airlines and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Spirit and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Spirit Airlines does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
UAL
+ 0.99
AAL
UAL
+ 0.99
DAL
DAL
+ 0.97
AAL
ALGT
+ 0.97
DAL
ALGT
+ 0.97
UAL
ALGT
+ 0.95
AAL
  
High negative correlations   
HA
- 0.09
JBLU

Risk-Adjusted Indicators

There is a big difference between Spirit Stock performing well and Spirit Airlines Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Spirit Airlines' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Spirit Airlines Competitive Analysis

The better you understand Spirit Airlines competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Spirit Airlines' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Spirit Airlines' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
SAVE AAL DAL LUV UAL SNCY JBLU HA ALGT
 42.31 
 0.15 
Spirit
 0.82 
 14.52 
American
 0.31 
 63.82 
Delta
 1.25 
 32.36 
Southwest
 0.50 
 96.83 
United
 0.21 
 14.39 
Sun
 0.17 
 5.97 
JetBlue
 3.93 
 18.00 
Hawaiian
 1.01 
 81.84 
Allegiant
Market Volatility
(90 Days Market Risk)
Out of control
Not too volatile
Very steady
Very steady
Very steady
Not too volatile
Relatively risky
Not too volatile
Very steady
Market Performance
(90 Days Performance)
Very Weak
Solid
Solid
OK
Very Strong
OK
Modest
Solid
Strong
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Below Average
Low
Low
Low
About Average
Below Average
Dangerous
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Fairly Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Strong Buy
Hold
Strong Buy
Strong Buy
Hold
Not Available
Buy
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Strong Buy
Strong Buy
Strong Sell
Strong Buy
Cautious Hold
Cautious Hold
Not Rated
Strong Buy
Current Ratio
0.93
0.79
0.57
1.58
1.03
1.1
0.81
1.48
1.53
Net Asset
9.42 B
63.06 B
73.64 B
36.49 B
71.1 B
1.62 B
13.85 B
4.17 B
4.87 B
Profit Margin
-0.13
0.0051
0.0771
-0.0017
0.0494
0.0425
-0.0916
-0.13
-0.0104
EBITDA
(101.89 M)
5.2 B
8.78 B
2.39 B
7.83 B
226.24 M
497 M
(149.5 M)
490.24 M
Operating Margin
-0.13
0.0491
0.0845
0.0028
0.11
0.0496
-0.0047
-0.0706
-0.0312
Current Valuation
6.6 B
39.76 B
61.46 B
19.12 B
48.11 B
1.29 B
6.9 B
2.29 B
3 B
Price To Book
0.0176
N/A
3.01
1.86
2.77
1.38
0.78
2.03
1.14
Retained Earnings
56.76 M
(7.69 B)
5.65 B
16.3 B
3.83 B
94.23 M
2.11 B
(119.74 M)
1.27 B
Current Asset
1.03 B
9.98 B
9.06 B
2.23 B
7.83 B
N/A
1.37 B
740.98 M
395.24 M
Five Year Return
N/A
1.27
2.31
1.03
N/A
N/A
N/A
N/A
1.79
Beta
1.37
1.4
1.34
1.15
1.39
1.49
1.93
2.41
1.61
Number Of Employees
13.17 K
134.2 K
100 K
73.46 K
106.5 K
2.96 K
20.04 K
7.42 K
5.83 K
Shares Outstanding
109.52 M
657.13 M
645.28 M
599.74 M
328.88 M
52.94 M
346.88 M
52.01 M
18.34 M
Cash Flow From Operations
(246.66 M)
3.8 B
6.46 B
3.16 B
6.91 B
174.12 M
400 M
(160 M)
423.09 M
Annual Yield
0.0507
N/A
0.0094
0.0222
N/A
N/A
N/A
N/A
0.0381
Total Debt
6.93 B
40.66 B
27.28 B
9.2 B
36.74 B
697.78 M
5.38 B
2.04 B
2.36 B
Return On Equity
-0.59
N/A
0.41
-0.0045
0.27
0.0842
-0.28
-6.0
-0.0197
Return On Asset
-0.0451
0.0275
0.0527
0.0046
0.0411
0.0378
-0.0062
-0.0613
0.0109
Number Of Shares Shorted
37.5 M
56.94 M
35.19 M
34.51 M
18.01 M
3.35 M
44.84 M
9.78 M
1.4 M
Book Value Per Share
7.39
-7.39
21.29
17.36
34.78
10.44
7.62
-2.03
73.22
Current Liabilities
466.24 M
13.61 B
17.53 B
1.43 B
12.41 B
N/A
2.27 B
769.8 M
388.47 M
Total Asset
9.42 B
63.06 B
73.64 B
36.49 B
71.1 B
1.62 B
13.85 B
4.17 B
4.87 B
Debt To Equity
2.88
7.53
6.96
0.93
7.84
1.3
1.35
6.24
1.69
Short Ratio
1.98
1.85
4.08
4.54
2.11
3.39
2.35
2.75
3.0
Target Price
1.5
14.51
73.56
29.62
98.96
19.13
6.06
11.67
71.08
Last Dividend Paid
N/A
N/A
0.5
0.72
N/A
N/A
N/A
N/A
1.8
Shares Owned By Institutions
44.17
57.08
80.47
90.8
83.19
95.4
84.17
70.85
89.68
Market Capitalization
118.28 M
9.54 B
41.18 B
19.41 B
31.85 B
763.39 M
2.07 B
936.18 M
1.5 B
Price To Earning
4.55
7.08
34.29
29.96
8.54
15.79
11.62
14.66
40.92
Price To Earnings To Growth
20.44
0.19
39.29
0.49
0.78
0.61
6.8
-16.98
-14.47
Price To Sales
0.0231
0.18
0.68
0.71
0.57
0.72
0.22
0.34
0.6
Net Income
(447.46 M)
822 M
4.61 B
465 M
2.62 B
72.18 M
(310 M)
(260.49 M)
117.6 M
Earnings Per Share
-6.2
0.42
7.21
-0.08
8.39
0.83
-2.48
-6.85
-1.52
Shares Owned By Insiders
0.86
1.25
0.26
0.35
0.45
4.6
10.52
3.04
16.2
Revenue
5.36 B
52.79 B
58.05 B
26.09 B
53.72 B
1.05 B
9.62 B
2.72 B
2.51 B
Working Capital
(159.47 M)
(8.49 B)
(16.15 B)
1.7 B
(3.72 B)
(147.23 M)
(1.47 B)
25.54 M
(211.18 M)
Cash And Equivalents
1.06 B
11.23 B
3.27 B
9.49 B
18.7 B
289.58 M
2.48 B
1.43 B
1.21 B
Cash Per Share
9.73
17.28
13.11
23.03
57.18
4.98
7.67
27.77
67.19
Gross Profit
973.03 M
11.44 B
9.68 B
5.98 B
13.19 B
245.38 M
2.06 B
227.08 M
494.21 M
Day Typical Price
0.14
14.59
63.82
32.38
96.8
14.45
6.01
17.76
81.88
Accumulation Distribution
0.13
154738.0
25248.17
35959.64
20163.58
5426.91
149952.0
0.0394
5098.15
Market Facilitation Index
0.02
N/A
N/A
N/A
0.0
0.0
N/A
0.71
0.0
Daily Balance Of Power
(5.50)
(0.50)
0.3846
0.9091
0.3721
(0.09)
0.0667
0.9577
0.3241
Period Momentum Indicator
(0.11)
(0.12)
0.2
0.4
0.48
(0.03)
0.01
0.68
0.82
Rate Of Daily Change
0.58
0.99
1.0
1.01
1.0
1.0
1.0
1.04
1.01
Day Median Price
0.14
14.62
63.82
32.39
96.79
14.48
6.03
17.65
81.9
Price Action Indicator
(0.04)
(0.16)
0.1
0.17
0.28
(0.10)
(0.05)
0.7
0.36
Relative Strength Index
52.28
61.91
67.43
61.14
75.44
70.22
49.16
71.87
71.23
Coefficient Of Variation
(953.89)
416.7
300.96
977.6
205.32
669.94
1094.46
671.95
302.25
Mean Deviation
7.96
1.77
1.69
1.33
1.89
2.62
3.03
2.5
2.59
Jensen Alpha
(1.74)
0.375
0.5106
0.1904
1.08
0.3512
0.1653
0.4343
0.8309
Total Risk Alpha
(4.64)
0.1639
0.349
(0.13)
0.8666
(0.07)
(0.35)
(0.08)
0.5238
Sortino Ratio
N/A
0.2274
0.3986
0.0239
0.8179
0.1305
0.0596
0.1249
0.3407
Downside Variance
N/A
3.64
2.14
4.13
2.14
8.6
20.72
11.66
7.61
Standard Deviation
17.03
2.38
2.17
1.82
2.74
3.49
4.48
3.79
3.26
Kurtosis
12.29
1.03
0.823
1.52
4.57
0.6445
3.96
2.92
0.3342
Potential Upside
15.29
6.14
4.11
2.96
6.47
7.47
7.53
6.96
6.22
Treynor Ratio
4.06
0.3843
0.4522
(1.59)
0.7029
0.4092
0.2178
0.5903
0.5758
Maximum Drawdown
112.38
11.24
9.95
10.99
16.43
16.71
31.32
18.66
16.1
Variance
290.16
5.67
4.71
3.32
7.5
12.15
20.05
14.37
10.61
Market Risk Adjusted Performance
4.07
0.3943
0.4622
(1.58)
0.7129
0.4192
0.2278
0.6003
0.5858
Risk Adjusted Performance
(0.07)
0.1902
0.2605
0.084
0.3795
0.1219
0.0781
0.1217
0.2606
Skewness
(1.64)
0.7806
0.8282
(0.30)
1.69
0.5006
(0.40)
0.4603
0.3309
Semi Deviation
N/A
1.45
0.8662
1.71
0.1188
2.62
4.15
2.67
2.07
Information Ratio
(0.11)
0.1822
0.2689
0.0267
0.4368
0.1098
0.0606
0.1125
0.2886
Value At Risk
(21.43)
(2.77)
(2.12)
(2.65)
(1.63)
(4.50)
(6.73)
(4.90)
(3.91)
Expected Short fall
N/A
(2.10)
(2.20)
(1.27)
(2.50)
(3.11)
(3.24)
(2.73)
(3.13)
Downside Deviation
N/A
1.91
1.46
2.03
1.46
2.93
4.55
3.41
2.76
Semi Variance
N/A
2.1
0.7503
2.91
0.0141
6.84
17.26
7.12
4.3

Spirit Airlines Competition Performance Charts

Five steps to successful analysis of Spirit Airlines Competition

Spirit Airlines' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Spirit Airlines in relation to its competition. Spirit Airlines' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Spirit Airlines in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Spirit Airlines' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Spirit Airlines, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Consideration for investing in Spirit Stock

If you are still planning to invest in Spirit Airlines check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Spirit Airlines' history and understand the potential risks before investing.
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