Frontier Group Correlations

ULCC Stock

USD 6.01 0.09 1.52%

The current 90-days correlation between Frontier Group Holdings and Volaris is 0.01 (i.e., Significant diversification). The correlation of Frontier Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Frontier Group Correlation With Market

Weak diversification

The correlation between Frontier Group Holdings and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontier Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Frontier Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Frontier Stock

0.71	CPA	Copa Holdings SA	Pair Corr
0.65	DAL	Delta Air Lines Fiscal Year End 10th of January 2025	Pair Corr
0.62	UAL	United Airlines Holdings Fiscal Year End 27th of January 2025	Pair Corr
0.65	JBLU	JetBlue Airways Corp Aggressive Push	Pair Corr
0.67	ALGT	Allegiant Travel	Pair Corr
0.63	SKYW	SkyWest	Pair Corr
0.73	B	Barnes Group	Pair Corr
0.91	J	Jacobs Solutions	Pair Corr

Moving against Frontier Stock

0.74	FLYX	flyExclusive,	Pair Corr
0.69	MESA	Mesa Air Group Earnings Call This Week	Pair Corr
0.56	BEST	BEST Inc	Pair Corr
0.33	MRTN	Marten Transport Fiscal Year End 23rd of January 2025	Pair Corr
0.56	CP	Canadian Pacific Railway	Pair Corr
0.37	AP	Ampco Pittsburgh	Pair Corr
0.37	FA	First Advantage Corp	Pair Corr
0.37	GP	GreenPower Motor	Pair Corr
0.34	BA	Boeing Buyout Trend	Pair Corr

Related Correlations Analysis

	VLRS	FLYX	ALK	CPA	DAL	LTM	LUV	UAL	JBLU	MESA
VLRS		-0.61	0.92	0.32	0.92	0.73	0.82	0.94	-0.01	-0.7	VLRS
FLYX	-0.61		-0.73	-0.6	-0.8	-0.41	-0.66	-0.76	-0.3	0.66	FLYX
ALK	0.92	-0.73		0.31	0.96	0.69	0.89	0.96	0.09	-0.64	ALK
CPA	0.32	-0.6	0.31		0.46	0.22	0.21	0.38	0.49	-0.67	CPA
DAL	0.92	-0.8	0.96	0.46		0.67	0.87	0.98	0.11	-0.74	DAL
LTM	0.73	-0.41	0.69	0.22	0.67		0.63	0.71	0.05	-0.6	LTM
LUV	0.82	-0.66	0.89	0.21	0.87	0.63		0.88	0.18	-0.47	LUV
UAL	0.94	-0.76	0.96	0.38	0.98	0.71	0.88		0.09	-0.72	UAL
JBLU	-0.01	-0.3	0.09	0.49	0.11	0.05	0.18	0.09		-0.17	JBLU
MESA	-0.7	0.66	-0.64	-0.67	-0.74	-0.6	-0.47	-0.72	-0.17		MESA
	VLRS	FLYX	ALK	CPA	DAL	LTM	LUV	UAL	JBLU	MESA

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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	+ 0.98	DAL
DAL	+ 0.96	ALK
UAL	+ 0.96	ALK
UAL	+ 0.94	VLRS
ALK	+ 0.92	VLRS
DAL	+ 0.92	VLRS

High negative correlations

DAL	- 0.8	FLYX
UAL	- 0.76	FLYX
MESA	- 0.74	DAL
ALK	- 0.73	FLYX
MESA	- 0.72	UAL
MESA	- 0.7	VLRS

Risk-Adjusted Indicators

There is a big difference between Frontier Stock performing well and Frontier Group 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 Frontier Group'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
VLRS	1.65	0.52	0.20	(1.94)	1.36	(1.89)	4.46	(2.63)	9.30
FLYX	3.36	(0.88)	0.00	(1.98)	0.00	0.00	5.76	(6.76)	39.28
ALK	1.74	0.57	0.35	0.73	1.01	(2.16)	4.23	(2.76)	9.06
CPA	1.39	0.04	(0.01)	0.21	2.52	(1.37)	3.72	(2.32)	17.31
DAL	1.72	0.38	0.28	0.34	1.21	(2.12)	4.11	(2.57)	10.43
LTM	1.12	0.24	0.10	1.47	1.16	(1.23)	2.84	(2.12)	6.14
LUV	1.43	0.09	0.04	0.21	1.68	(1.45)	2.96	(2.65)	10.99
UAL	1.91	0.83	0.54	0.52	0.93	(2.40)	6.47	(2.45)	16.69
JBLU	3.05	0.14	0.05	0.19	4.18	(3.32)	8.25	(6.73)	31.32
MESA	2.88	(0.09)	0.00	(0.05)	0.00	0.00	6.19	(6.38)	28.65

Frontier Group Corporate Management

Steve Schuller	Senior Resources	Profile
Tyri Squyres	Vice Marketing	Profile
Daniel Shurz	Senior Commercial	Profile
Josh Wetzel	Chief VP	Profile
Alexandre Clerc	Senior Customers	Profile

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