American Airlines Correlations
| AAL Stock | USD 11.53 0.30 2.54% |
The current 90-days correlation between American Airlines and Delta Air Lines is 0.76 (i.e., Poor 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
Modest diversification
The correlation between American Airlines Group and DJI is 0.28 (i.e., Modest 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.
American |
Moving together with American Stock
| 0.91 | VLRS | Volaris | PairCorr |
| 0.92 | WERN | Werner Enterprises | PairCorr |
| 0.69 | ALK | Alaska Air Group | PairCorr |
| 0.75 | CNI | Canadian National Railway | PairCorr |
| 0.85 | CSX | CSX Corporation | PairCorr |
| 0.9 | DAL | Delta Air Lines | PairCorr |
| 0.88 | KNX | Knight Transportation | PairCorr |
| 0.84 | RXO | RXO Inc | PairCorr |
| 0.93 | UAL | United Airlines Holdings | PairCorr |
| 0.8 | ULH | Universal Logistics | PairCorr |
| 0.83 | XPO | XPO Logistics | PairCorr |
| 0.89 | HTLD | Heartland Express | PairCorr |
| 0.82 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.92 | MESA | Mesa Air Group | PairCorr |
| 0.87 | MRTN | Marten Transport | PairCorr |
| 0.63 | ODFL | Old Dominion Freight | PairCorr |
| 0.87 | PAMT | PAMT P Symbol Change | PairCorr |
| 0.86 | AIRT | Air T Inc | PairCorr |
| 0.96 | ALGT | Allegiant Travel | PairCorr |
| 0.89 | SAIA | Saia Inc | PairCorr |
| 0.91 | ARCB | ArcBest Corp | PairCorr |
| 0.84 | SKYW | SkyWest | PairCorr |
| 0.95 | SNDR | Schneider National | PairCorr |
| 0.66 | SNCY | Sun Country Airlines | PairCorr |
| 0.9 | TFII | TFI International | PairCorr |
Moving against American Stock
| 0.72 | LTM | LATAM Airlines Group | PairCorr |
| 0.62 | CPA | Copa Holdings SA | PairCorr |
| 0.63 | RYAAY | Ryanair Holdings PLC | PairCorr |
| 0.63 | ATSG | Air Transport Services | PairCorr |
| 0.47 | ATCOL | Atlas Corp | PairCorr |
| 0.47 | G | Genpact Limited | PairCorr |
Related Correlations Analysis
| -0.1 | 0.62 | 0.0 | 0.99 | 0.85 | DAL | ||
| -0.1 | 0.36 | 0.0 | -0.04 | -0.29 | LUV | ||
| 0.62 | 0.36 | 0.0 | 0.66 | 0.47 | JBLU | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SAVE | ||
| 0.99 | -0.04 | 0.66 | 0.0 | 0.86 | UAL | ||
| 0.85 | -0.29 | 0.47 | 0.0 | 0.86 | ULCC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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 | 2.11 | (0.25) | 0.00 | (0.23) | 0.00 | 3.99 | 16.26 | |||
| LUV | 1.40 | 0.14 | 0.08 | 0.27 | 1.73 | 2.99 | 9.18 | |||
| JBLU | 3.26 | (0.18) | 0.00 | (0.23) | 0.00 | 4.42 | 29.90 | |||
| SAVE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UAL | 2.56 | (0.17) | 0.00 | (0.14) | 0.00 | 4.47 | 12.22 | |||
| ULCC | 3.48 | (0.06) | 0.00 | (0.09) | 0.00 | 5.58 | 24.49 |
American Airlines Corporate Management
| Meghan Montana | VP Treasurer | Profile | |
| Michelle Earley | Senior Counsel | Profile | |
| Kevin Brickner | Senior Operations | Profile | |
| Abriell Jackson | Managing Relations | Profile | |
| Scott Long | Managing Relations | Profile | |
| Stephen JD | Chief Chair | Profile |