Copa Holdings, S.A. (CPA) — Stock Correlations & Overview
Over the past year, CPA has moved most closely with LTM, JETS, JETU. Explore the stocks most correlated and inversely correlated with CPA below, along with its price, financials, and company profile.
Stocks correlated with CPA
Correlation of daily returns. Higher positive values move with CPA; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPA
| Symbol | Company | Correlation |
|---|---|---|
| LTM | LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) | 0.73 |
| JETS | U.S. Global Jets ETF | 0.69 |
| JETU | MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.67 |
| UAL | United Airlines Holdings, Inc. Common StockAIR TRANSPORTATION, SCHEDULED | 0.64 |
| FTXR | First Trust Nasdaq Transportation ETF | 0.61 |
Most inversely correlated with CPA
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.68 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.58 |
| DXD | ProShares UltraShort Dow 30 | -0.56 |
| SDOW | ProShares UltraPro Short Dow 30 | -0.56 |
| DOG | ProShares Short Dow30 | -0.55 |
Frequently asked questions about CPA correlations
- Which stocks are most correlated with CPA?
- Based on one year of daily returns, the stocks most correlated with Copa Holdings, S.A. (CPA) are LTM (0.73), JETS (0.69) and JETU (0.67). 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 CPA?
- Over the past year, the stocks most inversely correlated with Copa Holdings, S.A. (CPA) are JETD (-0.68), FLYD (-0.58) and DXD (-0.56). 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 CPA correlations calculated?
- We compute the correlation of daily returns between CPA 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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