LATAM Airlines Correlations

LTM Stock

USD 32.07 0.12 0.38%

The current 90-days correlation between LATAM Airlines Group and Goosehead Insurance is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LATAM Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LATAM Airlines Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LATAM Airlines Correlation With Market

Average diversification

The correlation between LATAM Airlines Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LATAM Airlines Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LATAM Airlines Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with LATAM Stock

0.77	CPA	Copa Holdings SA	Pair Corr
0.68	UNP	Union Pacific	Pair Corr
0.75	ATCOL	Atlas Corp	Pair Corr
0.76	RYAAY	Ryanair Holdings PLC	Pair Corr
0.83	ATSG	Air Transport Services	Pair Corr

Moving against LATAM Stock

0.88	ULH	Universal Logistics	Pair Corr
0.83	RXO	RXO Inc	Pair Corr
0.73	WERN	Werner Enterprises	Pair Corr
0.72	AAL	American Airlines	Pair Corr
0.68	LUV	Southwest Airlines	Pair Corr
0.6	VLRS	Volaris	Pair Corr
0.55	KNX	Knight Transportation	Pair Corr
0.45	UAL	United Airlines Holdings	Pair Corr
0.4	CNI	Canadian National Railway	Pair Corr
0.4	DAL	Delta Air Lines	Pair Corr
0.36	CSX	CSX Corporation	Pair Corr
0.86	PAMT	PAMT P Symbol Change	Pair Corr
0.75	MRTN	Marten Transport	Pair Corr
0.74	JBLU	JetBlue Airways Corp	Pair Corr
0.7	ALGT	Allegiant Travel	Pair Corr
0.69	ARCB	ArcBest Corp	Pair Corr
0.68	MESA	Mesa Air Group	Pair Corr
0.56	HTLD	Heartland Express	Pair Corr
0.56	SAIA	Saia Inc	Pair Corr
0.55	AIRT	Air T Inc	Pair Corr
0.5	XPO	XPO Logistics	Pair Corr
0.44	SKYW	SkyWest	Pair Corr
0.8	BV	BrightView Holdings	Pair Corr
0.74	SNDR	Schneider National	Pair Corr
0.74	TFII	TFI International	Pair Corr
0.7	J	Jacobs Solutions	Pair Corr
0.51	CVLG	Covenant Logistics Group,	Pair Corr
0.39	AP	Ampco Pittsburgh Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	GSHD	IH	CB	UTI	VSTA	UDMY	ORI	AFYA
GSHD		0.58	0.57	0.54	0.72	0.56	0.86	0.69	GSHD
IH	0.58		0.85	0.12	0.78	0.25	0.58	0.64	IH
CB	0.57	0.85		0.01	0.66	0.18	0.56	0.46	CB
UTI	0.54	0.12	0.01		0.44	0.21	0.59	0.6	UTI
VSTA	0.72	0.78	0.66	0.44		0.28	0.85	0.77	VSTA
UDMY	0.56	0.25	0.18	0.21	0.28		0.4	0.4	UDMY
ORI	0.86	0.58	0.56	0.59	0.85	0.4		0.8	ORI
AFYA	0.69	0.64	0.46	0.6	0.77	0.4	0.8		AFYA
	GSHD	IH	CB	UTI	VSTA	UDMY	ORI	AFYA

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Risk-Adjusted Indicators

There is a big difference between LATAM Stock performing well and LATAM 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 LATAM 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
GSHD	2.13	0.22	0.08	0.12	2.40	(2.41)	4.49	(4.92)	21.17
IH	2.99	0.73	0.18	(1.84)	3.61	(3.46)	9.49	(4.07)	34.80
CB	1.01	0.11	0.12	0.26	1.12	(1.07)	2.22	(1.85)	5.98
UTI	2.19	0.16	0.05	0.06	2.71	(2.41)	5.48	(4.71)	14.08
VSTA	2.84	0.90	0.21	3.01	3.35	(3.03)	6.27	(6.80)	21.46
UDMY	2.14	0.21	0.07	0.42	3.02	(2.32)	3.55	(4.73)	40.34
ORI	0.93	0.18	0.14	0.17	1.27	(0.90)	2.16	(2.20)	6.06
AFYA	1.66	0.30	0.13	0.19	1.93	(1.83)	3.35	(3.64)	11.60

LATAM Airlines Corporate Management

Andres Bianchi	Chief Officer	Profile
Paulo Miranda	Chief Officer	Profile
Emilio Sota	Chief Officer	Profile
Ramiro Balza	Chief Officer	Profile
Andrs Eitel	Senior Finance	Profile
Juliana Rio	Chief Officer	Profile

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