United Airlines Holdings, Inc. Common Stock (UAL) — Stock Correlations & Overview
Over the past year, UAL has moved most closely with JETS, DAL, JETU. Explore the stocks most correlated and inversely correlated with UAL below, along with its price, financials, and company profile.
Stocks correlated with UAL
Correlation of daily returns. Higher positive values move with UAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with UAL
| Symbol | Company | Correlation |
|---|---|---|
| JETS | U.S. Global Jets ETF | 0.91 |
| DAL | Delta Air Lines, Inc.AIR TRANSPORTATION, SCHEDULED | 0.89 |
| JETU | MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.86 |
| AAL | American Airlines Group Inc.AIR TRANSPORTATION, SCHEDULED | 0.82 |
| AALG | Leverage Shares 2X Long AAL Daily ETF | 0.82 |
Most inversely correlated with UAL
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.86 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.79 |
| MZZ | ProShares UltraShort MidCap400 | -0.68 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.68 |
| MYY | ProShares Short MidCap400 | -0.68 |
Frequently asked questions about UAL correlations
- Which stocks are most correlated with UAL?
- Based on one year of daily returns, the stocks most correlated with United Airlines Holdings, Inc. Common Stock (UAL) are JETS (0.91), DAL (0.89) and JETU (0.86). 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 UAL?
- Over the past year, the stocks most inversely correlated with United Airlines Holdings, Inc. Common Stock (UAL) are JETD (-0.86), FLYD (-0.79) and MZZ (-0.68). 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 UAL correlations calculated?
- We compute the correlation of daily returns between UAL 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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