JetBlue Airways Correlations
| JBLU Stock | USD 5.58 0.00 0.00% |
The current 90-days correlation between JetBlue Airways Corp and Frontier Group Holdings is 0.45 (i.e., Very weak diversification). The correlation of JetBlue Airways 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. If the correlation is 0, the equities are not correlated; they are entirely random.
JetBlue Airways Correlation With Market
Average diversification
The correlation between JetBlue Airways Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JetBlue Airways Corp and DJI in the same portfolio, assuming nothing else is changed.
JetBlue |
Moving together with JetBlue Stock
| 0.71 | VLRS | Volaris | PairCorr |
| 0.76 | WERN | Werner Enterprises | PairCorr |
| 0.81 | AAL | American Airlines Aggressive Push | PairCorr |
| 0.63 | CSX | CSX Corporation | PairCorr |
| 0.71 | RXO | RXO Inc | PairCorr |
| 0.65 | UAL | United Airlines Holdings | PairCorr |
| 0.66 | ULH | Universal Logistics | PairCorr |
| 0.62 | XPO | XPO Logistics | PairCorr |
| 0.66 | HTLD | Heartland Express | PairCorr |
| 0.74 | MESA | Mesa Air Group | PairCorr |
| 0.76 | MRTN | Marten Transport | PairCorr |
| 0.72 | PAMT | PAMT P Symbol Change | PairCorr |
| 0.66 | AIRT | Air T Inc | PairCorr |
| 0.75 | ALGT | Allegiant Travel | PairCorr |
| 0.65 | SAIA | Saia Inc | PairCorr |
| 0.73 | ARCB | ArcBest Corp | PairCorr |
| 0.73 | SNDR | Schneider National | PairCorr |
| 0.71 | TFII | TFI International | PairCorr |
Moving against JetBlue Stock
| 0.74 | LTM | LATAM Airlines Group | PairCorr |
| 0.54 | CPA | Copa Holdings SA | PairCorr |
| 0.73 | RYAAY | Ryanair Holdings PLC | PairCorr |
| 0.67 | ATSG | Air Transport Services | PairCorr |
| 0.54 | ATCOL | Atlas Corp | PairCorr |
| 0.4 | UNP | Union Pacific | PairCorr |
| 0.56 | G | Genpact Limited | PairCorr |
| 0.34 | BR | Broadridge Financial | PairCorr |
Related Correlations Analysis
| -0.26 | 0.85 | 0.67 | 0.83 | 0.0 | ULCC | ||
| -0.26 | 0.0 | 0.26 | -0.05 | 0.0 | LUV | ||
| 0.85 | 0.0 | 0.93 | 0.99 | 0.0 | UAL | ||
| 0.67 | 0.26 | 0.93 | 0.9 | 0.0 | AAL | ||
| 0.83 | -0.05 | 0.99 | 0.9 | 0.0 | DAL | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SAVE | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between JetBlue Stock performing well and JetBlue Airways 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 JetBlue Airways' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ULCC | 3.46 | (0.06) | 0.00 | (0.12) | 0.00 | 5.58 | 24.49 | |||
| LUV | 1.41 | 0.14 | 0.09 | 0.22 | 1.74 | 2.99 | 9.18 | |||
| UAL | 2.46 | (0.23) | 0.00 | (0.22) | 0.00 | 4.33 | 12.22 | |||
| AAL | 2.05 | (0.52) | 0.00 | (0.72) | 0.00 | 3.70 | 13.86 | |||
| DAL | 2.04 | (0.30) | 0.00 | (0.31) | 0.00 | 3.88 | 16.26 | |||
| SAVE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
JetBlue Airways Corporate Management
| Ursula Hurley | Chief Officer | Profile | |
| Doug McGraw | Chief Officer | Profile | |
| David Fintzen | Director Relation | Profile | |
| David Clark | Head Planning | Profile | |
| Warren Christie | Chief Officer | Profile | |
| Brandon Nelson | General Counsel, Corporate Secretary | Profile | |
| Robert Land | Head Counsel | Profile |