American Airlines Correlations

AAL Stock

USD 17.16 0.24 1.38%

The current 90-days correlation between American Airlines and Delta Air Lines is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Airlines Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

American Airlines Correlation With Market

Weak diversification

The correlation between American Airlines Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Airlines Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Airlines Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with American Stock

0.86	VLRS	Volaris	Pair Corr
0.69	WERN	Werner Enterprises	Pair Corr
0.86	ALK	Alaska Air Group Fiscal Year End 23rd of January 2025	Pair Corr
0.86	DAL	Delta Air Lines Fiscal Year End 10th of January 2025	Pair Corr
0.68	KNX	Knight Transportation Fiscal Year End 22nd of January 2025	Pair Corr
0.73	LTM	LATAM Airlines Group	Pair Corr
0.79	LUV	Southwest Airlines Fiscal Year End 23rd of January 2025	Pair Corr
0.71	NSC	Norfolk Southern Fiscal Year End 24th of January 2025	Pair Corr
0.85	UAL	United Airlines Holdings Fiscal Year End 27th of January 2025	Pair Corr
0.81	XPO	XPO Logistics	Pair Corr
0.79	ATCOL	Atlas Corp	Pair Corr
0.67	ODFL	Old Dominion Freight	Pair Corr
0.82	ALGT	Allegiant Travel	Pair Corr
0.79	SAIA	Saia Inc	Pair Corr
0.77	ATSG	Air Transport Services	Pair Corr
0.84	SKYW	SkyWest	Pair Corr
0.76	SNDR	Schneider National	Pair Corr
0.76	SRFM	Surf Air Mobility	Pair Corr

Moving against American Stock

0.88	CP	Canadian Pacific Railway	Pair Corr
0.81	CNI	Canadian National Railway Fiscal Year End 28th of January 2025	Pair Corr
0.68	FLYX	flyExclusive,	Pair Corr
0.65	MESA	Mesa Air Group Earnings Call This Week	Pair Corr
0.52	UNP	Union Pacific Fiscal Year End 23rd of January 2025	Pair Corr
0.48	RVSNW	Rail Vision	Pair Corr
0.8	BEST	BEST Inc	Pair Corr
0.73	GP	GreenPower Motor	Pair Corr
0.61	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.46	AZUL	Azul SA	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DAL	LUV	JBLU	SAVE	UAL	ULCC
DAL		0.87	0.08	0.49	0.89	0.6	DAL
LUV	0.87		0.17	0.37	0.83	0.47	LUV
JBLU	0.08	0.17		0.43	0.0	0.52	JBLU
SAVE	0.49	0.37	0.43		0.39	0.58	SAVE
UAL	0.89	0.83	0.0	0.39		0.6	UAL
ULCC	0.6	0.47	0.52	0.58	0.6		ULCC
	DAL	LUV	JBLU	SAVE	UAL	ULCC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UAL	+ 0.89	DAL
LUV	+ 0.87	DAL
UAL	+ 0.83	LUV
ULCC	+ 0.6	DAL
ULCC	+ 0.6	UAL
ULCC	+ 0.58	SAVE

High negative correlations

UAL

- 0.0

JBLU

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Airlines Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze American Airlines' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DAL	1.73	0.63	0.26	(1.42)	1.20	(2.15)	4.11	(2.57)	10.32
LUV	1.40	0.25	0.05	(1.84)	1.63	(1.45)	2.96	(2.65)	10.99
JBLU	3.07	0.46	0.05	(0.45)	4.18	(3.37)	8.25	(6.73)	31.32
SAVE	9.49	(2.35)	0.00	(0.81)	0.00	0.00	25.93	(24.55)	139.17
UAL	1.89	0.92	0.66	0.64	0.56	(2.44)	6.47	(2.11)	16.43
ULCC	3.42	0.38	0.12	0.28	4.69	(3.95)	10.08	(4.52)	34.82

American Airlines Corporate Management

Stephen Johnson	Executive VP of Corporate Affairs	Profile
Meghan Montana	VP Treasurer	Profile
Priya JD	Chief VP	Profile
Kevin Brickner	Senior Operations	Profile
Scott Long	Managing Relations	Profile
Stephen JD	Chief Chair	Profile

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