Pair Correlation Between Visa and American Airlines

This module allows you to analyze existing cross correlation between Visa Inc and American Airlines Group Inc. You can compare the effects of market volatilities on Visa 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 Visa with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of Visa and American Airlines.
 Time Horizon     30 Days    Login   to change
 Visa Inc  vs   American Airlines Group Inc
 Performance (%) 

Pair Volatility

If you would invest  11,700  in Visa Inc on February 22, 2018 and sell it today you would earn a total of  0.00  from holding Visa Inc or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Visa and American Airlines


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Visa Inc 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 Visa 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 Visa Inc 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 Visa i.e. Visa and American Airlines go up and down completely randomly.

Comparative Volatility

American Airlines Group


Risk-Adjusted Performance

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