Spirit Airlines (Germany) Market Value

S64
 Stock
  

EUR 20.02  0.23  1.14%   

Spirit Airlines' market value is the price at which a share of Spirit Airlines stock trades on a public exchange. It measures the collective expectations of Spirit Airlines investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Spirit Airlines and determine expected loss or profit from investing in Spirit Airlines over a given investment horizon. Additionally, take a look at Spirit Airlines Correlation, Spirit Airlines Volatility and Spirit Airlines Alpha and Beta module to complement your research on Spirit Airlines.
Symbol

Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine Spirit Airlines value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' 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.

Spirit 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 Spirit Airlines' 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 Spirit Airlines.
0.00
06/04/2022
No Change 0.00  0.0 
In 5 months and 30 days
12/01/2022
0.00
If you would invest  0.00  in Spirit Airlines on June 4, 2022 and sell it all today you would earn a total of 0.00 from holding Spirit Airlines or generate 0.0% return on investment in Spirit Airlines over 180 days. Spirit Airlines is related to or competes with Companhia Energtica, 4SC AG, Aptevo Therapeutics, CD Projekt, and EON SE. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean More

Spirit 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 Spirit Airlines' 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 Spirit Airlines upside and downside potential and time the market with a certain degree of confidence.

Spirit Airlines Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirit Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirit Airlines' standard deviation. In reality, there are many statistical measures that can use Spirit Airlines historical prices to predict the future Spirit Airlines' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Spirit Airlines in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
18.1720.0221.87
Details
Intrinsic
Valuation
LowReal ValueHigh
18.5020.3522.20
Details
Naive
Forecast
LowNext ValueHigh
19.3321.1823.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.8120.1020.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Spirit Airlines. Your research has to be compared to or analyzed against Spirit Airlines' peers to derive any actionable benefits. When done correctly, Spirit Airlines' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Spirit Airlines.

Spirit Airlines Backtested Returns

Spirit Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0511, which indicates the firm had -0.0511% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Spirit Airlines exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Spirit Airlines risk adjusted performance of (0.09), and Coefficient Of Variation of (1,559) to confirm the risk estimate we provide.
The entity has a beta of 0.2263, which indicates not very significant fluctuations relative to the market. Let's try to break down what Spirit's beta means in this case. As returns on the market increase, Spirit Airlines returns are expected to increase less than the market. However, during the bear market, the loss on holding Spirit Airlines will be expected to be smaller as well. Even though it is essential to pay attention to Spirit Airlines current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Spirit Airlines exposes twenty-one different technical indicators, which can help you to evaluate its performance. Spirit Airlines has an expected return of -0.0946%. Please be advised to validate Spirit Airlines standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Spirit Airlines performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.59  

Good reverse predictability

Spirit Airlines has good reverse predictability. Overlapping area represents the amount of predictability between Spirit Airlines time series from 4th of June 2022 to 2nd of September 2022 and 2nd of September 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Spirit Airlines price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Spirit Airlines price fluctuation can be explain by its past prices.
Correlation Coefficient-0.59
Spearman Rank Test0.0
Residual Average0.0
Price Variance1.27

Spirit Airlines lagged returns against current returns

Autocorrelation, which is Spirit 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 Spirit Airlines' stock expected returns. We can calculate the autocorrelation of Spirit Airlines returns to help us make a trade decision. For example, suppose you find that Spirit Airlines stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Spirit 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 Spirit Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirit Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirit Airlines stock over time.
   Current vs Lagged Prices   
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       Timeline  

Spirit Airlines Lagged Returns

When evaluating Spirit Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirit Airlines stock have on its future price. Spirit 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, Spirit Airlines autocorrelation shows the relationship between Spirit Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in Spirit Airlines.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Spirit Airlines without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Spirit Airlines Correlation, Spirit Airlines Volatility and Spirit Airlines Alpha and Beta module to complement your research on Spirit Airlines. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for analysis

When running Spirit Airlines price analysis, check to measure Spirit Airlines' 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 Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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Spirit Airlines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Spirit Airlines technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Spirit Airlines trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...