Allegiant Travel Correlations

Stocks . USA . 
Stock . Allegiant Travel
ALGT Stock  USD 54.12  1.64  3.13%   
The current 90-days correlation between Allegiant Travel and Copa Holdings SA is 0.61 (i.e., Poor diversification). The correlation of Allegiant Travel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Allegiant Travel Correlation With Market

Poor diversification

The correlation between Allegiant Travel and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allegiant Travel and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Allegiant Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.

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Risk-Adjusted Indicators

There is a big difference between Allegiant Stock performing well and Allegiant Travel Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Allegiant Travel's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Allegiant Travel Corporate Management

Tyler HollingsworthInterim OperationsProfile
Rebecca AretosVP OfficerProfile
Drew WellsSenior OfficerProfile
Michael BroderickSenior TransformationProfile
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