Which stocks are most correlated with ALK?

Based on one year of daily returns, the stocks most correlated with Alaska Air Group, Inc. (ALK) are JETS (0.85), JETU (0.83) and UAL (0.79). 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 ALK?

Over the past year, the stocks most inversely correlated with Alaska Air Group, Inc. (ALK) are JETD (-0.83), FLYD (-0.71) and SMDD (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

Alaska Air Group, Inc. (ALK) — Stock Correlations & Overview

Over the past year, ALK has moved most closely with JETS, JETU, UAL. Explore the stocks most correlated and inversely correlated with ALK below, along with its price, financials, and company profile.

Stocks correlated with ALK

Correlation of daily returns. Higher positive values move with ALK; negative values move opposite it. Informational only, not investment advice.

Most correlated with ALK

Symbol	Company	Correlation
JETS	U.S. Global Jets ETF	0.85
JETU	MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC	0.83
UAL	United Airlines Holdings, Inc. Common StockAIR TRANSPORTATION, SCHEDULED	0.79
DAL	Delta Air Lines, Inc.AIR TRANSPORTATION, SCHEDULED	0.78
SKYW	Skywest IncAIR TRANSPORTATION, SCHEDULED	0.73

Most inversely correlated with ALK

Symbol	Company	Correlation
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.83
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.71
SMDD	ProShares UltraPro Short MidCap400	-0.65
MYY	ProShares Short MidCap400	-0.65
MZZ	ProShares UltraShort MidCap400	-0.65

Frequently asked questions about ALK correlations

Which stocks are most correlated with ALK?: Based on one year of daily returns, the stocks most correlated with Alaska Air Group, Inc. (ALK) are JETS (0.85), JETU (0.83) and UAL (0.79). 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 ALK?: Over the past year, the stocks most inversely correlated with Alaska Air Group, Inc. (ALK) are JETD (-0.83), FLYD (-0.71) and SMDD (-0.65). 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 ALK correlations calculated?: We compute the correlation of daily returns between ALK 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.

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