Ryanair Holdings Correlations

RYAOF Stock

USD 12.00 0.00 0.00%

The current 90-days correlation between Ryanair Holdings PLC and Copa Holdings SA is 0.01 (i.e., Significant diversification). The correlation of Ryanair Holdings 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.

Ryanair Holdings Correlation With Market

Significant diversification

The correlation between Ryanair Holdings PLC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ryanair Holdings PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ryanair Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ryanair Holdings 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 Ryanair Holdings - 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 Ryanair Holdings PLC to buy it.

Moving together with Ryanair Pink Sheet

0.63

VLY

Valley National Bancorp

Pair Corr

Moving against Ryanair Pink Sheet

0.87	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.75	CHEAF	China Eastern Airlines	Pair Corr
0.68	GILT	Gilat Satellite Networks	Pair Corr
0.54	AICAF	Air China Limited	Pair Corr
0.45	BAMXF	Bayerische Motoren Werke	Pair Corr
0.42	CHKP	Check Point Software Earnings Call This Week	Pair Corr
0.39	VIST	Vista Oil Gas	Pair Corr
0.37	AIRYY	Air China	Pair Corr

Related Correlations Analysis

	CPA	UAL	DAL	SKYW	ALGT	SAVE	AAL	LUV	JBLU
CPA		-0.52	-0.1	0.05	-0.53	-0.07	-0.67	-0.62	-0.45	CPA
UAL	-0.52		0.84	0.58	0.91	0.52	0.85	0.65	0.5	UAL
DAL	-0.1	0.84		0.78	0.66	0.5	0.49	0.38	0.16	DAL
SKYW	0.05	0.58	0.78		0.46	0.26	0.2	0.27	-0.1	SKYW
ALGT	-0.53	0.91	0.66	0.46		0.57	0.88	0.54	0.66	ALGT
SAVE	-0.07	0.52	0.5	0.26	0.57		0.5	0.05	0.44	SAVE
AAL	-0.67	0.85	0.49	0.2	0.88	0.5		0.7	0.73	AAL
LUV	-0.62	0.65	0.38	0.27	0.54	0.05	0.7		0.48	LUV
JBLU	-0.45	0.5	0.16	-0.1	0.66	0.44	0.73	0.48		JBLU
	CPA	UAL	DAL	SKYW	ALGT	SAVE	AAL	LUV	JBLU

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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

ALGT	+ 0.91	UAL
AAL	+ 0.88	ALGT
AAL	+ 0.85	UAL
DAL	+ 0.84	UAL
SKYW	+ 0.78	DAL
JBLU	+ 0.73	AAL

High negative correlations

AAL	- 0.67	CPA
LUV	- 0.62	CPA
ALGT	- 0.53	CPA
UAL	- 0.52	CPA
JBLU	- 0.45	CPA
JBLU	- 0.1	SKYW

Risk-Adjusted Indicators

There is a big difference between Ryanair Pink Sheet performing well and Ryanair Holdings 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 Ryanair Holdings' 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
CPA	1.47	(0.03)	0.00	0.20	0.00	0.00	3.72	(2.47)	16.56
UAL	1.92	0.61	0.23	(435.22)	1.82	(2.15)	4.29	(3.71)	14.04
DAL	1.65	0.36	0.16	(208.91)	1.45	(2.06)	3.83	(2.91)	11.77
SKYW	1.56	0.30	0.15	0.57	1.54	(1.75)	5.03	(3.08)	11.96
ALGT	2.26	0.75	0.24	2.49	2.10	(2.49)	4.88	(3.89)	16.10
SAVE	20.65	(10.79)	0.00	(0.90)	0.00	0.00	25.93	(86.11)	112.04
AAL	1.92	0.52	0.14	(0.69)	2.28	(2.16)	3.76	(3.87)	25.54
LUV	1.27	0.11	0.02	1.26	1.44	(1.29)	2.75	(2.30)	7.88
JBLU	3.22	(0.03)	0.00	(0.08)	0.00	0.00	4.79	(7.25)	36.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ryanair Holdings 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.

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Ryanair Holdings Corporate Management

Juliusz Komorek	Chief Legal and Regulatory Officer and Company Secretary	Profile
Carol Sharkey	Chief Risk Officer	Profile
John Tuite	Head of Finance	Profile
Captain Conway	Chief Pilot	Profile
Tracey McCann	Chief DAC	Profile
Dara Brady	Head Experience	Profile

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