United Airlines Correlations
| U1AL34 Stock | BRL 276.75 0.27 0.1% |
The current 90-days correlation between United Airlines Holdings and Delta Air Lines is 0.63 (i.e., Poor diversification). The correlation of United 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.
United Airlines Correlation With Market
Good diversification
The correlation between United Airlines Holdings and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Airlines Holdings and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to United 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 United 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 United 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 United Airlines Holdings to buy it.
Moving together with United Stock
| 0.99 | DEAI34 | Delta Air Lines | PairCorr |
| 0.71 | S1OU34 | Southwest Airlines | PairCorr |
| 0.98 | AALL34 | American Airlines | PairCorr |
| 0.86 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.69 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.61 | NMRH34 | Nomura Holdings | PairCorr |
| 0.66 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.88 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.84 | JPMC34 | JPMorgan Chase | PairCorr |
Moving against United Stock
Related Correlations Analysis
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Be your own money manager
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United Airlines Corporate Management
Elected by the shareholders, the United Airlines' board of directors comprises two types of representatives: United Airlines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Airlines' management team and ensure that shareholders' interests are well served. United 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, United Airlines' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael CFA | VP Relations | Profile | |
| Robert Rivkin | VP Officer | Profile | |
| Josh Earnest | VP Officer | Profile | |
| Torbjorn Enqvist | Ex Officer | Profile | |
| Andrew Nocella | Ex Officer | Profile | |
| Linda Jojo | Ex Officer | Profile |