Alaska Air Related Correlations

ALK Stock  EUR 36.80  0.31  0.85%   
Generate correlation matrix for Alaska Air and other related equities to check the degree to which Alaska Air Group price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Alaska Air Group. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alaska Air Group. 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.
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Please note, there is a significant difference between Alaska Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alaska Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alaska Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

LFL
AD2B
ZNHH
E908
LFL
0.460.29-0.26
LFL
AD2B
0.460.6-0.7
AD2B
ZNHH
0.290.6-0.27
ZNHH
E908
-0.26-0.7-0.27
E908
LFL
AD2B
ZNHH
E908
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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ZNHHAD2B
AD2BLFL
ZNHHLFL
  
High negative correlations   
E908AD2B
E908ZNHH
E908LFL

Risk-Adjusted Indicators

There is a big difference between Alaska Stock performing well and Alaska Air Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alaska Air's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.