American Airlines Correlations
| AALL34 Stock | BRL 56.98 0.22 0.39% |
The current 90-days correlation between American Airlines and SK Telecom Co, is 0.19 (i.e., Average diversification). The correlation of American Airlines 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.
American Airlines Correlation With Market
Very weak diversification
The correlation between American Airlines Group 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 American Airlines Group and DJI in the same portfolio, assuming nothing else is changed.
American |
The ability to find closely correlated positions to American Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Airlines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Airlines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Airlines Group to buy it.
Moving together with American Stock
| 0.97 | DEAI34 | Delta Air Lines | PairCorr |
| 0.99 | U1AL34 | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.88 | A1LK34 | Alaska Air Group, Earnings Call This Week | PairCorr |
| 0.8 | GOLL4 | Gol Linhas Areas | PairCorr |
| 0.81 | AZUL4 | Azul SA | PairCorr |
| 0.62 | TMCO34 | Toyota Motor | PairCorr |
| 0.96 | TSMC34 | Taiwan Semiconductor Earnings Call This Week | PairCorr |
| 0.84 | JPMC34 | JPMorgan Chase | PairCorr |
| 0.87 | GSGI34 | Goldman Sachs | PairCorr |
| 0.84 | CTGP34 | Citigroup | PairCorr |
| 0.94 | BOAC34 | Bank of America | PairCorr |
| 0.91 | MSBR34 | Morgan Stanley | PairCorr |
Moving against American Stock
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| 0.8 | DBAG34 | Deutsche Bank Aktien | PairCorr |
| 0.6 | H1DB34 | HDFC Bank Limited Earnings Call This Week | PairCorr |
| 0.44 | H1SB34 | HSBC Holdings plc | PairCorr |
| 0.93 | ABEV3 | Ambev SA | PairCorr |
| 0.92 | G1FI34 | Gold Fields Limited | PairCorr |
| 0.89 | CEAB3 | CA Modas SA | PairCorr |
| 0.89 | KRSA3 | Kora Saude Participacoes | PairCorr |
| 0.87 | CPLE3 | Companhia Paranaense | PairCorr |
| 0.87 | RCSL4 | Recrusul SA | PairCorr |
| 0.83 | AMAR3 | Marisa Lojas SA | PairCorr |
| 0.81 | CEBR3 | Companhia Energtica | PairCorr |
| 0.79 | CEBR6 | Companhia Energtica | PairCorr |
| 0.79 | B3SA3 | B3 SA | PairCorr |
| 0.78 | CMIN3 | CSN Minerao SA | PairCorr |
| 0.71 | S1SN34 | SSC Technologies Hol | PairCorr |
| 0.66 | VALE3 | Vale SA | PairCorr |
| 0.52 | GFSA3 | Gafisa SA | PairCorr |
| 0.36 | INEP3 | Inepar SA Indstria | PairCorr |
| 0.92 | M1CB34 | Molson Coors Beverage | PairCorr |
| 0.91 | EZTC3 | EZTEC Empreendimentos | PairCorr |
| 0.9 | EQTL3 | Equatorial Energia | PairCorr |
| 0.86 | ALUP11 | Alupar Investimento | PairCorr |
| 0.85 | A1EN34 | Alliant Energy | PairCorr |
| 0.85 | ECOR3F | ECOR3F | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between American Stock performing well and American 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 American 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| S1KM34 | 0.82 | 0.01 | 0.03 | (0.18) | 1.57 | 2.57 | 9.76 | |||
| U1RI34 | 2.01 | (0.17) | 0.00 | (0.26) | 0.00 | 3.20 | 15.60 | |||
| MATD3 | 2.62 | 0.11 | 0.05 | 0.91 | 3.47 | 5.11 | 21.96 | |||
| CVSH34 | 1.58 | 0.66 | 0.36 | 3.25 | 1.17 | 4.83 | 22.51 | |||
| VERZ34 | 1.25 | 0.11 | 0.10 | 2.22 | 1.80 | 2.56 | 11.12 | |||
| P1SA34 | 0.44 | (0.16) | 0.00 | (4.58) | 0.00 | 0.33 | 6.34 | |||
| LEVE3 | 1.21 | 0.16 | 0.17 | 0.63 | 1.15 | 3.07 | 6.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in American Airlines without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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American Airlines Corporate Management
Elected by the shareholders, the American Airlines' board of directors comprises two types of representatives: American Airlines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of American. The board's role is to monitor American Airlines' management team and ensure that shareholders' interests are well served. American Airlines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, American Airlines' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ronald Defeo | VP Officer | Profile | |
| Robert Isom | CEO Director | Profile | |
| Ganesh Jayaram | Ex Officer | Profile | |
| Scott Long | Managing Relations | Profile | |
| Priya Aiyar | Sr Officer | Profile | |
| Derek Kerr | Vice CFO | Profile | |
| David Seymour | VP COO | Profile |