United Airlines Correlations

United Airlines Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Airlines 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 nation.

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    DAL + 0.9 AAL ULCC + 0.85 DAL JBLU + 0.82 AAL ULCC + 0.7 AAL DAL + 0.62 JBLU ULCC + 0.47 JBLU

High negative correlations    ULCC - 0.29 LUV DAL - 0.1 LUV ULCC - 0.0 SAVE DAL - 0.0 SAVE SAVE - 0.0 JBLU SAVE - 0.0 LUV

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United 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 United 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.