ALASKA Z Score
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Trending Equities.
ALASKA 
ALASKA Z Score Analysis
ALASKA AIR's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..Current ALASKA AIR Z Score  4.2 
Most of ALASKA AIR's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ALASKA AIR GDRN is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competitionIn accordance with the company's disclosures, ALASKA AIR GDRN has a Z Score of 4.2. This is 3.19% higher than that of the Industrials sector and 258.97% higher than that of the Airlines industry. The z score for all Brazil stocks is 51.83% higher than that of the company.
ALASKA Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ALASKA AIR's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.ALASKA AIR is currently under evaluation in z score category among related companies.
ALASKA Fundamentals
Return On Equity  (35.50) %  
Return On Asset  (9.63) %  
Profit Margin  (44.85) %  
Operating Margin  (78.03) %  
Current Valuation  42.87 B  
Shares Outstanding  124.48 M  
Price to Book  12.97 X  
Price to Sales  13.68 X  
Revenue  2.73 B  
Gross Profit  (680 M)  
EBITDA  (1.72 B)  
Net Income  (1.22 B)  
Cash and Equivalents  3.55 B  
Cash per Share  28.51 X  
Total Debt  5.13 B  
Debt to Equity  1.78 %  
Current Ratio  0.90 X  
Book Value Per Share  23.10 X  
Cash Flow from Operations  (100 M)  
Earnings Per Share  (48.99) X  
Number of Employees  17.14 K  
Beta  1.82  
Market Capitalization  37.31 B  
Z Score  4.2 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ALASKA AIR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ALASKA AIR's short interest history, or implied volatility extrapolated from ALASKA AIR options trading.
Pair Trading with ALASKA AIR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ALASKA AIR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ALASKA AIR will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Moodys Corp could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Moodys Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Moodys Corp  that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Moodys Corp to buy it.
The correlation of Moodys Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between 1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Moodys Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moodys Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Moodys Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Check out Trending Equities. Note that the ALASKA AIR GDRN information on this page should be used as a complementary analysis to other ALASKA AIR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Tools for ALASKA Stock
When running ALASKA AIR GDRN price analysis, check to measure ALASKA AIR'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 ALASKA AIR is operating at the current time. Most of ALASKA AIR's value examination focuses on studying past and present price action to predict the probability of ALASKA AIR's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ALASKA AIR's price. Additionally, you may evaluate how the addition of ALASKA AIR to your portfolios can decrease your overall portfolio volatility.
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