Alaska Air Group Increases Yet Falls Behind Market What Investors Need to Know
| ALK Stock | USD 67.02 0.58 0.86% |
About 66% of Alaska Air's investor base is looking to short. The analysis of overall sentiment of trading Alaska Air Group stock suggests that many investors are alarmed at this time. Alaska Air's investing sentiment shows overall attitude of investors towards Alaska Air Group.
Alaska |
The latest trading day saw Alaska Air Group settling at 67.60, representing a 0.19 percent change from its previous close.
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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.
Gross Profit
Gross Profit Comparative Analysis
Alaska Air is currently under evaluation in gross profit category among its peers. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
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 | 2.10 | ||||
| ALGT | Allegiant Travel | 1.18 | ||||
| AAL | American Airlines | 0.58 | ||||
| SKYW | SkyWest | 0.43 | ||||
| DAL | Delta Air | 0.26 | ||||
| UAL | United Airlines | 0.29 | ||||
| JBLU | JetBlue Airways | 0.38 | ||||
| LUV | Southwest Airlines | 0.47 |
Check out Alaska Air Hype Analysis, Alaska Air Correlation and Alaska Air Performance. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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 2.51 | 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.