Ryanair Holdings plc American Depositary Shares (RYAAY) — Stock Correlations & Overview
Over the past year, RYAAY has moved most closely with EIRL, JETS, JETU. Explore the stocks most correlated and inversely correlated with RYAAY below, along with its price, financials, and company profile.
Stocks correlated with RYAAY
Correlation of daily returns. Higher positive values move with RYAAY; negative values move opposite it. Informational only, not investment advice.
Most correlated with RYAAY
| Symbol | Company | Correlation |
|---|---|---|
| EIRL | iShares MSCI Ireland ETF | 0.67 |
| JETS | U.S. Global Jets ETF | 0.65 |
| JETU | MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.64 |
| LTM | LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) | 0.63 |
| EWUS | iShares MSCI United Kingdom Small-Cap ETF | 0.60 |
Most inversely correlated with RYAAY
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.66 |
| EPV | ProShares UltraShort FTSE Europe | -0.59 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.58 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.57 |
| DXD | ProShares UltraShort Dow 30 | -0.57 |
Frequently asked questions about RYAAY correlations
- Which stocks are most correlated with RYAAY?
- Based on one year of daily returns, the stocks most correlated with Ryanair Holdings plc American Depositary Shares (RYAAY) are EIRL (0.67), JETS (0.65) and JETU (0.64). 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 RYAAY?
- Over the past year, the stocks most inversely correlated with Ryanair Holdings plc American Depositary Shares (RYAAY) are JETD (-0.66), EPV (-0.59) and EFU (-0.58). 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 RYAAY correlations calculated?
- We compute the correlation of daily returns between RYAAY 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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