Allegiant Travel Stock Alpha and Beta Analysis
| ALGT Stock | USD 80.77 1.07 1.31% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Allegiant Travel. It also helps investors analyze the systematic and unsystematic risks associated with investing in Allegiant Travel over a specified time horizon. Remember, high Allegiant Travel's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Allegiant Travel's market risk premium analysis include:
Beta 1.85 | Alpha 0.83 | Risk 3.28 | Sharpe Ratio 0.34 | Expected Return 1.11 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Allegiant |
Allegiant Travel Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Allegiant Travel market risk premium is the additional return an investor will receive from holding Allegiant Travel long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Allegiant Travel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Allegiant Travel's performance over market.| α | 0.83 | β | 1.85 |
Allegiant Travel expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Allegiant Travel's Buy-and-hold return. Our buy-and-hold chart shows how Allegiant Travel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Allegiant Travel Market Price Analysis
Market price analysis indicators help investors to evaluate how Allegiant Travel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allegiant Travel shares will generate the highest return on investment. By understating and applying Allegiant Travel stock market price indicators, traders can identify Allegiant Travel position entry and exit signals to maximize returns.
Allegiant Travel Return and Market Media
The median price of Allegiant Travel for the period between Tue, Sep 3, 2024 and Mon, Dec 2, 2024 is 59.3 with a coefficient of variation of 22.4. The daily time series for the period is distributed with a sample standard deviation of 13.19, arithmetic mean of 58.89, and mean deviation of 11.11. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 410 shares by Keny Wilper of Allegiant Travel at 65.67 subject to Rule 16b-3 | 10/18/2024 |
2 | Earnings Preview Air Canada Q3 Earnings Expected to Decline | 10/28/2024 |
3 | 49ers Christian McCaffrey Expected to Return Against Tampa Bay in Week 10 | 11/04/2024 |
4 | Barclays Issues Positive Forecast for Allegiant Travel Stock Price | 11/15/2024 |
5 | Allegiant Air to add two nonstop destinations from CVG airport in 2025, including key West Coast city | 11/19/2024 |
6 | Budget airline to add routes at DIA, fly to Colorado Springs | 11/20/2024 |
7 | Airline Stock Roundup CPA Q3 Earnings Beat, ALGTs Traffic More | 11/21/2024 |
8 | Allegiant Travel Co Stock Price Up 3.01 percent on Nov 22 | 11/22/2024 |
9 | Allegiant Air adds Alabama flight amid major service expansion | 11/25/2024 |
10 | Allegiant Travel Co Shares Down 2.8 percent on Nov 26 | 11/26/2024 |
11 | Allegiant travel director Morgan sells 28,269 in stock | 11/27/2024 |
12 | Allegiant Travel Up 24.6 percent Since Last Earnings Report Can It Continue | 11/29/2024 |
About Allegiant Travel Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Allegiant or other stocks. Alpha measures the amount that position in Allegiant Travel has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0149 | 0.0172 | 0.0196 | Price To Sales Ratio | 1.88 | 0.59 | 0.56 |
Allegiant Travel Upcoming Company Events
As portrayed in its financial statements, the presentation of Allegiant Travel's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allegiant Travel's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Allegiant Travel's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Allegiant Travel. Please utilize our Beneish M Score to check the likelihood of Allegiant Travel's management manipulating its earnings.
| 5th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 5th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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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.