JetBlue Airways Correlations
| JBLU Stock | MXN 97.93 0.07 0.07% |
The correlation of JetBlue Airways 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JetBlue Airways moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JetBlue Airways moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between JetBlue Airways and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JetBlue Airways and NYA in the same portfolio, assuming nothing else is changed.
JetBlue |
The ability to find closely correlated positions to JetBlue Airways could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JetBlue Airways 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 JetBlue Airways - 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 JetBlue Airways to buy it.
Moving against JetBlue Stock
| 0.61 | HBCN | HSBC Holdings plc | PairCorr |
| 0.59 | VOLARA | Controladora Vuela Compaa | PairCorr |
| 0.49 | TMN | Toyota Motor | PairCorr |
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 JetBlue Airways 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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JetBlue Airways Corporate Management
Elected by the shareholders, the JetBlue Airways' board of directors comprises two types of representatives: JetBlue Airways inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JetBlue. The board's role is to monitor JetBlue Airways' management team and ensure that shareholders' interests are well served. JetBlue Airways' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, JetBlue Airways' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Carol Clements | Chief Officer | Profile | |
| Elizabeth Windram | VP Marketing | Profile | |
| Ursula Hurley | CFO Officer | Profile | |
| Doug McGraw | Chief Officer | Profile | |
| David Fintzen | Director Relation | Profile | |
| Thomas Howell | VP Compliance | Profile | |
| Brandon Nelson | General Counsel, Corporate Secretary | Profile |
Already Invested in JetBlue Airways?
The danger of trading JetBlue Airways is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of JetBlue Airways is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than JetBlue Airways. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JetBlue Airways is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetBlue Airways. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for JetBlue Stock analysis
When running JetBlue Airways' price analysis, check to measure JetBlue Airways' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JetBlue Airways is operating at the current time. Most of JetBlue Airways' value examination focuses on studying past and present price action to predict the probability of JetBlue Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JetBlue Airways' price. Additionally, you may evaluate how the addition of JetBlue Airways to your portfolios can decrease your overall portfolio volatility.
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