LATAM Airlines Correlations

LTM Stock

USD 30.11 0.17 0.57%

The current 90-days correlation between LATAM Airlines Group and Global E Online is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LATAM Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LATAM Airlines Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LATAM Airlines Correlation With Market

Good diversification

The correlation between LATAM Airlines Group and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LATAM Airlines Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LATAM Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LATAM 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 estimate.

Moving together with LATAM Stock

0.76	G	Genpact Limited	Pair Corr
0.61	DE	Deere Company	Pair Corr
0.8	EH	Ehang Holdings	Pair Corr

Moving against LATAM Stock

0.5	MESA	Mesa Air Group	Pair Corr
0.39	TFII	TFI International Earnings Call Today	Pair Corr
0.34	ALGT	Allegiant Travel	Pair Corr
0.32	AZUL	Azul SA	Pair Corr
0.46	AP	Ampco Pittsburgh	Pair Corr
0.45	NL	NL Industries	Pair Corr
0.44	BV	BrightView Holdings Earnings Call This Week	Pair Corr
0.43	CW	Curtiss Wright Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CNET	BOC	PLTK	GLBE	RSVR	NCMI	SPHR	PINS
CNET		0.52	0.8	0.78	0.74	0.74	0.69	0.37	CNET
BOC	0.52		0.69	0.6	0.42	0.67	0.51	0.31	BOC
PLTK	0.8	0.69		0.91	0.86	0.89	0.88	0.56	PLTK
GLBE	0.78	0.6	0.91		0.92	0.86	0.91	0.64	GLBE
RSVR	0.74	0.42	0.86	0.92		0.81	0.93	0.7	RSVR
NCMI	0.74	0.67	0.89	0.86	0.81		0.89	0.67	NCMI
SPHR	0.69	0.51	0.88	0.91	0.93	0.89		0.83	SPHR
PINS	0.37	0.31	0.56	0.64	0.7	0.67	0.83		PINS
	CNET	BOC	PLTK	GLBE	RSVR	NCMI	SPHR	PINS

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Risk-Adjusted Indicators

There is a big difference between LATAM Stock performing well and LATAM 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 LATAM 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
CNET	2.62	(0.02)	0.00	(0.28)	0.00	0.00	6.40	(5.46)	17.73
BOC	1.32	0.15	0.12	0.11	1.65	(1.29)	2.39	(2.43)	8.01
PLTK	2.40	(0.29)	0.00	(0.46)	0.00	0.00	5.18	(5.67)	26.13
GLBE	2.91	(0.40)	0.00	(0.33)	0.00	0.00	3.92	(8.39)	26.22
RSVR	1.54	(0.19)	0.00	4.65	0.00	0.00	2.82	(3.24)	8.76
NCMI	2.27	0.05	0.00	(0.07)	0.00	0.00	4.23	(4.30)	26.39
SPHR	2.86	(0.41)	0.00	(0.35)	0.00	0.00	3.68	(7.40)	26.82
PINS	2.67	0.00	0.00	(0.14)	0.00	0.00	5.04	(6.46)	31.42

LATAM Airlines Corporate Management

Andres Bianchi	Chief Officer	Profile
Paulo Miranda	Chief Officer	Profile
Emilio Sota	Chief Officer	Profile
Ramiro Balza	Chief Officer	Profile
Andrs Eitel	Senior Finance	Profile
Juliana Rio	Chief Officer	Profile

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