Why Alaska Air Blasted Higher Today
| ALK Stock | USD 63.40 0.83 1.33% |
About 65% of all Alaska Air's institutional investors are looking to take a long position. The analysis of overall sentiment of trading Alaska Air Group stock suggests that some investors are interested at this time. Alaska Air's investing sentiment shows overall attitude of investors towards Alaska Air Group.
Alaska |
Alaska has been the rare outperforming airline stock, up 45 percent over the past year, with shares receiving another jolt today as the company outlined its medium-term financial targets following the acquisition of Hawaiian Airlines in September. Alaska released a press release ahead of its 2024 Investor Day today, in which the company outlined how it would benefit from the recent acquisition of Hawaiian Airlines. Alaska acquired Hawaiian in a 1.9 billion all-stock deal back in September, its latest consolidation move following the acquisition of Virgin Airlines back in late 2016.
Read at finance.yahoo.com
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Alaska Air Group Current Investor Sentiment
Panic Vs Confidence
65
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Alaska Air's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Alaska Air Group.
News SentimentBullish | Hype SentimentBullish | Insider SentimentDisposing |
Alaska Air Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Alaska Air can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Alaska Air Fundamental Analysis
We analyze Alaska Air's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alaska Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alaska Air based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Ratio
Current Ratio Comparative Analysis
Alaska Air is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Alaska Air Group Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alaska Air stock to make a market-neutral strategy. Peer analysis of Alaska Air could also be used in its relative valuation, which is a method of valuing Alaska Air by comparing valuation metrics with similar companies.
Peers
Alaska Air Related Equities
| ULCC | Frontier Group | 2.06 | ||||
| UAL | United Airlines | 0.39 | ||||
| JBLU | JetBlue Airways | 0.14 | ||||
| ALGT | Allegiant Travel | 0.57 | ||||
| DAL | Delta Air | 0.76 | ||||
| LUV | Southwest Airlines | 1.00 | ||||
| SKYW | SkyWest | 1.11 | ||||
| AAL | American Airlines | 2.36 |
Check out Alaska Air Hype Analysis, Alaska Air Correlation and Alaska Air Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Passenger Airlines space 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 0.704 | Earnings Share 2.54 | Revenue Per Share 85.034 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0286 |
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.