SOUTHWEST AIRLINES (Germany) Market Value
| SWN Stock | 30.50 0.07 0.23% |
| Symbol | SOUTHWEST |
SOUTHWEST AIRLINES 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SOUTHWEST AIRLINES's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SOUTHWEST AIRLINES.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in SOUTHWEST AIRLINES on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding SOUTHWEST AIRLINES or generate 0.0% return on investment in SOUTHWEST AIRLINES over 210 days. SOUTHWEST AIRLINES is related to or competes with MCEWEN MINING, Apollo Investment, SLR Investment, and Jacquet Metal. More
SOUTHWEST AIRLINES Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SOUTHWEST AIRLINES's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SOUTHWEST AIRLINES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0767 | |||
| Maximum Drawdown | 9.44 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.82 |
SOUTHWEST AIRLINES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOUTHWEST AIRLINES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOUTHWEST AIRLINES's standard deviation. In reality, there are many statistical measures that can use SOUTHWEST AIRLINES historical prices to predict the future SOUTHWEST AIRLINES's volatility.| Risk Adjusted Performance | 0.1219 | |||
| Jensen Alpha | 0.2988 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0834 | |||
| Treynor Ratio | (1.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SOUTHWEST AIRLINES's 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.
SOUTHWEST AIRLINES Backtested Returns
SOUTHWEST AIRLINES appears to be very steady, given 3 months investment horizon. SOUTHWEST AIRLINES owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for SOUTHWEST AIRLINES, which you can use to evaluate the volatility of the company. Please review SOUTHWEST AIRLINES's risk adjusted performance of 0.1219, and Coefficient Of Variation of 658.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SOUTHWEST AIRLINES holds a performance score of 10. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SOUTHWEST AIRLINES are expected to decrease at a much lower rate. During the bear market, SOUTHWEST AIRLINES is likely to outperform the market. Please check SOUTHWEST AIRLINES's potential upside, as well as the relationship between the skewness and day median price , to make a quick decision on whether SOUTHWEST AIRLINES's existing price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
SOUTHWEST AIRLINES has modest reverse predictability. Overlapping area represents the amount of predictability between SOUTHWEST AIRLINES time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SOUTHWEST AIRLINES price movement. The serial correlation of -0.41 indicates that just about 41.0% of current SOUTHWEST AIRLINES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 3.77 |
SOUTHWEST AIRLINES lagged returns against current returns
Autocorrelation, which is SOUTHWEST AIRLINES stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SOUTHWEST AIRLINES's stock expected returns. We can calculate the autocorrelation of SOUTHWEST AIRLINES returns to help us make a trade decision. For example, suppose you find that SOUTHWEST AIRLINES has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SOUTHWEST AIRLINES regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SOUTHWEST AIRLINES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOUTHWEST AIRLINES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOUTHWEST AIRLINES stock over time.
Current vs Lagged Prices |
| Timeline |
SOUTHWEST AIRLINES Lagged Returns
When evaluating SOUTHWEST AIRLINES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOUTHWEST AIRLINES stock have on its future price. SOUTHWEST AIRLINES autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SOUTHWEST AIRLINES autocorrelation shows the relationship between SOUTHWEST AIRLINES stock current value and its past values and can show if there is a momentum factor associated with investing in SOUTHWEST AIRLINES.
Regressed Prices |
| Timeline |
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Additional Tools for SOUTHWEST Stock Analysis
When running SOUTHWEST AIRLINES's price analysis, check to measure SOUTHWEST AIRLINES'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 SOUTHWEST AIRLINES is operating at the current time. Most of SOUTHWEST AIRLINES's value examination focuses on studying past and present price action to predict the probability of SOUTHWEST AIRLINES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SOUTHWEST AIRLINES's price. Additionally, you may evaluate how the addition of SOUTHWEST AIRLINES to your portfolios can decrease your overall portfolio volatility.