American Airlines Group Inc. (AAL) — Stock Correlations & Overview
Over the past year, AAL has moved most closely with AALG, JETS, UAL. Explore the stocks most correlated and inversely correlated with AAL below, along with its price, financials, and company profile.
Stocks correlated with AAL
Correlation of daily returns. Higher positive values move with AAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with AAL
| Symbol | Company | Correlation |
|---|---|---|
| AALG | Leverage Shares 2X Long AAL Daily ETF | 1.00 |
| JETS | U.S. Global Jets ETF | 0.89 |
| UAL | United Airlines Holdings, Inc. Common StockAIR TRANSPORTATION, SCHEDULED | 0.82 |
| DAL | Delta Air Lines, Inc.AIR TRANSPORTATION, SCHEDULED | 0.82 |
| JETU | MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.81 |
Most inversely correlated with AAL
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.80 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
| SDD | ProShares UltraShort SmallCap600 | -0.63 |
| SBB | ProShares Short SmallCap600 | -0.62 |
| MZZ | ProShares UltraShort MidCap400 | -0.61 |
Frequently asked questions about AAL correlations
- Which stocks are most correlated with AAL?
- Based on one year of daily returns, the stocks most correlated with American Airlines Group Inc. (AAL) are AALG (1.00), JETS (0.89) and UAL (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AAL?
- Over the past year, the stocks most inversely correlated with American Airlines Group Inc. (AAL) are JETD (-0.80), FLYD (-0.74) and SDD (-0.63). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AAL correlations calculated?
- We compute the correlation of daily returns between AAL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.