Azul SA Correlations
| AZUL Stock | USD 1.56 0.12 7.14% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Azul SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azul SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Azul SA Correlation With Market
Modest diversification
The correlation between Azul SA and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azul SA and DJI in the same portfolio, assuming nothing else is changed.
Azul |
Moving together with Azul Stock
| 0.65 | CP | Canadian Pacific Railway Sell-off Trend | PairCorr |
| 0.76 | VLRS | Volaris | PairCorr |
| 0.72 | WERN | Werner Enterprises | PairCorr |
| 0.65 | AAL | American Airlines Sell-off Trend | PairCorr |
| 0.65 | CNI | Canadian National Railway | PairCorr |
| 0.65 | CSX | CSX Corporation | PairCorr |
| 0.71 | DAL | Delta Air Lines Earnings Call This Week | PairCorr |
| 0.76 | KNX | Knight Transportation | PairCorr |
| 0.63 | NSC | Norfolk Southern | PairCorr |
| 0.76 | RXO | RXO Inc | PairCorr |
| 0.69 | UAL | United Airlines Holdings | PairCorr |
| 0.69 | ULH | Universal Logistics | PairCorr |
| 0.69 | HTLD | Heartland Express | PairCorr |
| 0.71 | RVSNW | Rail Vision | PairCorr |
| 0.7 | MESA | Mesa Air Group | PairCorr |
| 0.71 | MRTN | Marten Transport | PairCorr |
| 0.65 | PAMT | PAMT P Symbol Change | PairCorr |
| 0.74 | ALGT | Allegiant Travel | PairCorr |
| 0.69 | SAIA | Saia Inc | PairCorr |
| 0.7 | ARCB | ArcBest Corp | PairCorr |
| 0.77 | SKYW | SkyWest | PairCorr |
| 0.7 | SNDR | Schneider National | PairCorr |
| 0.61 | SNCY | Sun Country Airlines | PairCorr |
| 0.65 | TFII | TFI International Buyout Trend | PairCorr |
Moving against Azul Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Azul Stock performing well and Azul SA 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 Azul SA's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GOL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VLRS | 2.28 | (0.54) | 0.00 | (4.16) | 0.00 | 4.14 | 18.80 | |||
| CPA | 1.39 | 0.14 | 0.12 | 0.20 | 1.48 | 3.84 | 7.43 | |||
| BRFS | 1.91 | (0.21) | 0.00 | (4.49) | 0.00 | 3.33 | 11.34 | |||
| ERJ | 2.00 | 0.42 | 0.19 | 0.63 | 1.99 | 5.43 | 21.75 |
Azul SA Corporate Management
| Alexandre Malfitani | Head of TudoAzul Loyalty Program | Profile | |
| Jason Ward | Vice Customers | Profile | |
| Andrea Bottcher | Investor Mang | Profile | |
| Thais Haberli | IR Mang | Profile | |
| Gelzon Pizzirani | Independent Member of Board | Profile | |
| Carolyn Trabuco | Independent Member of Board | Profile | |
| Gilberto Peralta | Independent Member of Board | Profile |