| DAL Stock | | | USD 63.62 0.52 0.81% |
The current 90-days correlation between Delta Air Lines and JetBlue Airways Corp is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Delta Air Correlation With Market
Very weak diversification
The correlation between Delta Air Lines and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delta Air Lines and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
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 | BABWF | | SKYW | | SKYW | | JBLU | | BABWF | | JBLU |
| | High negative correlations | SAVE | | JBLU | | SAVE | | BABWF | | SAVE | | SKYW |
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Risk-Adjusted IndicatorsThere is a big difference between Delta Stock performing well and Delta Air 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 Delta Air'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.