Correlation Analysis Between ATT and American Airlines

This module allows you to analyze existing cross correlation between ATT and American Airlines Group. You can compare the effects of market volatilities on ATT and American Airlines and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in ATT with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of ATT and American Airlines.
 Time Horizon     30 Days    Login   to change
Symbolsvs

ATT  vs.  American Airlines Group Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,110  in ATT on July 20, 2018 and sell it today you would earn a total of  193.00  from holding ATT or generate 6.21% return on investment over 30 days.

Pair Corralation between ATT and American Airlines

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ATT and American Airlines Group Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Airlines Group and ATT 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 ATT are associated (or correlated) with American Airlines. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Airlines Group has no effect on the direction of ATT i.e. ATT and American Airlines go up and down completely randomly.

Comparative Volatility

ATT  
13 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
American Airlines Group  
0 

Risk-Adjusted Performance

Over the last 30 days American Airlines Group has generated negative risk-adjusted returns adding no value to investors with long positions.

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1206.49

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