United Airlines Correlations

Stocks . Germany . 
Stock . United Airlines Holdings
UAL1 Stock  EUR 92.80  2.86  3.18%   
The current 90-days correlation between United Airlines Holdings and RYANAIR HLDGS ADR is -0.09 (i.e., Good 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

Very weak diversification

The correlation between United Airlines Holdings and DJI is 0.43 (i.e., Very weak 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.
  
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

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  0.88EK7 AGRICUL BK CHINAPairCorr
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Moving against United Stock

  0.86ECHA Ecopetrol SAPairCorr
  0.85ECHA Ecopetrol SAPairCorr
  0.76HYU Hyundai MotorPairCorr
  0.76HYU Hyundai MotorPairCorr
  0.73HYU Hyundai MotorPairCorr
  0.52DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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Be your own money manager

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

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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.
Torbjorn EnqvistEx OfficerProfile
Andrew NocellaEx OfficerProfile
Michael CFAVP RelationsProfile
Gerald LadermanEx CFOProfile
Robert RivkinVP OfficerProfile
Linda JojoEx OfficerProfile
Josh EarnestVP OfficerProfile
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