Frontier Group Correlations

ULCC Stock

USD 4.00 0.19 4.99%

The current 90-days correlation between Frontier Group Holdings and JetBlue Airways Corp is 0.78 (i.e., Poor 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

Poor diversification

The correlation between Frontier Group Holdings and DJI is 0.72 (i.e., Poor 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.

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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

0.86	VLRS	Volaris	Pair Corr
0.77	WERN	Werner Enterprises	Pair Corr
0.74	AAL	American Airlines Aggressive Push	Pair Corr
0.84	ALK	Alaska Air Group	Pair Corr
0.61	DAL	Delta Air Lines	Pair Corr
0.84	KNX	Knight Transportation	Pair Corr
0.88	HTLD	Heartland Express	Pair Corr
0.88	JBLU	JetBlue Airways Corp	Pair Corr
0.82	MRTN	Marten Transport	Pair Corr
0.74	ODFL	Old Dominion Freight	Pair Corr
0.74	ALGT	Allegiant Travel	Pair Corr
0.67	SAIA	Saia Inc	Pair Corr
0.72	SNDR	Schneider National	Pair Corr
0.91	SNCY	Sun Country Airlines	Pair Corr
0.92	SRFM	Surf Air Mobility	Pair Corr
0.78	CVLG	Covenant Logistics Group,	Pair Corr
0.9	BE	Bloom Energy Corp	Pair Corr
0.79	BW	Babcock Wilcox Enter	Pair Corr

Moving against Frontier Stock

0.4	MESA	Mesa Air Group	Pair Corr
0.63	DIST	Distoken Acquisition Upward Rally	Pair Corr
0.47	NL	NL Industries	Pair Corr
0.45	GD	General Dynamics	Pair Corr
0.37	AZ	A2Z Smart Technologies	Pair Corr
0.37	PC	Premium Catering	Pair Corr
0.33	BV	BrightView Holdings	Pair Corr

Related Correlations Analysis

	JBLU	LUV	UAL	AAL	ALGT	SKYW	BABWF	ATSG	SAVE	DAL
JBLU		0.75	0.78	0.88	0.91	0.33	0.73	-0.45	0.0	0.81	JBLU
LUV	0.75		0.62	0.62	0.72	0.63	0.72	0.07	0.0	0.64	LUV
UAL	0.78	0.62		0.91	0.88	0.69	0.77	-0.07	0.0	0.96	UAL
AAL	0.88	0.62	0.91		0.95	0.52	0.7	-0.3	0.0	0.96	AAL
ALGT	0.91	0.72	0.88	0.95		0.54	0.78	-0.28	0.0	0.92	ALGT
SKYW	0.33	0.63	0.69	0.52	0.54		0.64	0.57	0.0	0.68	SKYW
BABWF	0.73	0.72	0.77	0.7	0.78	0.64		0.06	0.0	0.74	BABWF
ATSG	-0.45	0.07	-0.07	-0.3	-0.28	0.57	0.06		0.0	-0.12	ATSG
SAVE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SAVE
DAL	0.81	0.64	0.96	0.96	0.92	0.68	0.74	-0.12	0.0		DAL
	JBLU	LUV	UAL	AAL	ALGT	SKYW	BABWF	ATSG	SAVE	DAL

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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

DAL	+ 0.96	UAL
DAL	+ 0.96	AAL
ALGT	+ 0.95	AAL
DAL	+ 0.92	ALGT
ALGT	+ 0.91	JBLU
AAL	+ 0.91	UAL

High negative correlations

ATSG	- 0.45	JBLU
ATSG	- 0.3	AAL
ATSG	- 0.28	ALGT
DAL	- 0.12	ATSG
ATSG	- 0.07	UAL
DAL	- 0.0	SAVE

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
JBLU	3.91	(0.19)	0.00	(0.09)	0.00	0.00	7.40	(9.66)	33.15
LUV	2.34	0.22	0.06	0.13	3.60	(2.30)	4.44	(5.93)	25.02
UAL	3.32	0.02	0.00	0.00	4.55	(3.44)	5.87	(5.57)	37.55
AAL	3.00	(0.16)	0.00	(0.08)	0.00	0.00	5.04	(6.59)	37.08
ALGT	3.53	(0.09)	0.00	(0.04)	0.00	0.00	9.00	(7.82)	26.79
SKYW	2.03	0.19	0.07	0.13	2.60	(2.23)	4.09	(5.08)	19.93
BABWF	1.70	0.21	0.04	3.46	2.21	(6.44)	6.29	(5.91)	22.31
ATSG	0.10	0.02	0.20	(6.92)	0.00	(0.15)	0.40	(0.13)	0.81
SAVE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DAL	2.86	(0.07)	0.00	(0.04)	0.00	0.00	6.44	(5.53)	34.50

Frontier Group Corporate Management

Susan Donofrio	Investor Officer	Profile
Steve Schuller	Senior Resources	Profile
Tyri Squyres	Vice Marketing	Profile
Daniel Shurz	Senior Commercial	Profile
Josh Wetzel	Chief VP	Profile

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