American Airlines Group Inc vs. Visa Inc
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Visa. In addition to that, American Airlines is 1.8 times more volatile than Visa. It trades about -0.08 of its total potential returns per unit of risk. Visa is currently generating about 0.11 per unit of volatility. If you would invest 13,188 in Visa on May 23, 2018 and sell it today you would earn a total of 265.00 from holding Visa or generate 2.01% return on investment over 30 days.
Pair Corralation between American Airlines and Visa
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding American Airlines Group Inc and Visa Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Visa and American Airlines is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on American Airlines Group are associated (or correlated) with Visa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Visa has no effect on the direction of American Airlines i.e. American Airlines and Visa go up and down completely randomly.
Over the last 30 days American Airlines Group has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Visa are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
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