American Airlines Correlations

Stocks . USA . 
Stock . American Airlines Group
AAL Stock  USD 14.38  0.18  1.27%   
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

Very weak diversification

The correlation between American Airlines Group and DJI is 0.47 (i.e., Very weak 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American 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 nation.

Moving together with American Stock

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  0.94ALK Alaska Air Group Fiscal Year End 23rd of January 2025 PairCorr
  0.83CPA Copa Holdings SAPairCorr
  0.97DAL Delta Air Lines Fiscal Year End 10th of January 2025 PairCorr
  0.68KNX Knight Transportation Fiscal Year End 22nd of January 2025 PairCorr
  0.81LTM LATAM Airlines GroupPairCorr
  0.86LUV Southwest Airlines Fiscal Year End 23rd of January 2025 PairCorr
  0.68NSC Norfolk Southern Fiscal Year End 24th of January 2025 PairCorr
  0.99UAL United Airlines Holdings Fiscal Year End 27th of January 2025 PairCorr
  0.67ULH Universal LogisticsPairCorr
  0.77XPO XPO LogisticsPairCorr
  0.85ATCOL Atlas CorpPairCorr
  0.75ODFL Old Dominion FreightPairCorr
  0.94ALGT Allegiant TravelPairCorr
  0.87SAIA Saia IncPairCorr
  0.79ATSG Air Transport ServicesPairCorr
  0.95SKYW SkyWestPairCorr
  0.82SNDR Schneider NationalPairCorr
  0.87SNCY Sun Country AirlinesPairCorr
  0.62SRFM Surf Air MobilityPairCorr

Moving against American Stock

  0.86CP Canadian Pacific RailwayPairCorr
  0.86CNI Canadian National Railway Fiscal Year End 28th of January 2025 PairCorr
  0.84FLYX flyExclusive,PairCorr
  0.71UNP Union Pacific Fiscal Year End 23rd of January 2025 PairCorr
  0.93MESA Mesa Air Group Fiscal Year End 24th of January 2025 PairCorr
  0.64AIRT Air T IncPairCorr
  0.37AZUL Azul SAPairCorr
  0.36RVSNW Rail VisionPairCorr
  0.88BEST BEST IncPairCorr
  0.73BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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American Airlines Corporate Management

Stephen JohnsonExecutive VP of Corporate AffairsProfile
Meghan MontanaVP TreasurerProfile
Priya JDChief VPProfile
Kevin BricknerSenior OperationsProfile
Scott LongManaging RelationsProfile
Stephen JDChief ChairProfile
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