Allegiant Travel Correlations

ALGT Stock

USD 50.95 3.23 6.77%

The current 90-days correlation between Allegiant Travel and Sun Country Airlines is -0.18 (i.e., Good 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

Good diversification

The correlation between Allegiant Travel and DJI is -0.07 (i.e., Good 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.

Moving together with Allegiant Stock

0.95	VLRS	Volaris	Pair Corr
0.64	FLYX	flyExclusive,	Pair Corr
0.89	AAL	American Airlines	Pair Corr
0.89	ALK	Alaska Air Group	Pair Corr
0.89	DAL	Delta Air Lines	Pair Corr
0.88	UAL	United Airlines Holdings	Pair Corr
0.87	JBLU	JetBlue Airways Corp	Pair Corr
0.91	SKYW	SkyWest	Pair Corr
0.85	SNCY	Sun Country Airlines Earnings Call Tomorrow	Pair Corr
0.65	AZUL	Azul SA	Pair Corr
0.77	SRFM	Surf Air Mobility	Pair Corr
0.94	ULCC	Frontier Group Holdings	Pair Corr
0.88	J	Jacobs Solutions	Pair Corr
0.89	R	Ryder System Earnings Call This Week	Pair Corr
0.71	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.64	BV	BrightView Holdings	Pair Corr
0.91	BW	Babcock Wilcox Enter Earnings Call This Week	Pair Corr
0.78	CP	Canadian Pacific Railway	Pair Corr
0.83	CR	Crane Company	Pair Corr
0.73	DY	Dycom Industries	Pair Corr
0.89	FA	First Advantage Corp Earnings Call This Week	Pair Corr

Moving against Allegiant Stock

0.79	MBAV	M3 Brigade Acquisition	Pair Corr
0.72	GD	General Dynamics	Pair Corr
0.34	AZ	A2Z Smart Technologies	Pair Corr

Related Correlations Analysis

	AZUL	ALK	BABWF	GOL	SNCY	ULCC	MESA	HA	SKYW	ATSG
AZUL		0.54	0.56	0.0	0.57	0.73	-0.05	0.0	0.48	0.0	AZUL
ALK	0.54		0.86	0.0	0.97	0.88	0.53	0.0	0.77	0.0	ALK
BABWF	0.56	0.86		0.0	0.85	0.93	0.42	0.0	0.75	0.0	BABWF
GOL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GOL
SNCY	0.57	0.97	0.85	0.0		0.87	0.37	0.0	0.68	0.0	SNCY
ULCC	0.73	0.88	0.93	0.0	0.87		0.36	0.0	0.79	0.0	ULCC
MESA	-0.05	0.53	0.42	0.0	0.37	0.36		0.0	0.62	0.0	MESA
HA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HA
SKYW	0.48	0.77	0.75	0.0	0.68	0.79	0.62	0.0		0.0	SKYW
ATSG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ATSG
	AZUL	ALK	BABWF	GOL	SNCY	ULCC	MESA	HA	SKYW	ATSG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SNCY	+ 0.97	ALK
ULCC	+ 0.93	BABWF
ULCC	+ 0.88	ALK
ULCC	+ 0.87	SNCY
BABWF	+ 0.86	ALK
SNCY	+ 0.85	BABWF

High negative correlations

MESA	- 0.05	AZUL
ATSG	- 0.0	SKYW
ATSG	- 0.0	HA
SKYW	- 0.0	HA
ATSG	- 0.0	MESA
HA	- 0.0	MESA

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AZUL	4.47	(1.63)	0.00	2.57	0.00	0.00	6.67	(9.21)	37.84
ALK	3.07	(0.31)	0.00	(0.27)	0.00	0.00	4.28	(8.53)	34.04
BABWF	1.66	(0.12)	0.00	(0.31)	0.00	0.00	3.35	(7.11)	22.31
GOL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNCY	3.62	(0.25)	0.00	(0.22)	0.00	0.00	8.35	(8.65)	32.42
ULCC	4.25	(1.29)	0.00	2.11	0.00	0.00	7.71	(9.04)	36.14
MESA	3.77	0.14	0.03	0.00	4.23	(5.20)	5.49	(8.74)	62.89
HA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKYW	2.28	(0.35)	0.00	1.25	0.00	0.00	4.09	(5.48)	19.93
ATSG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Allegiant Travel Corporate Management

Tyler Hollingsworth	Interim Operations	Profile
Robert Neal	Sr Treasurer	Profile
Rebecca Aretos	VP Officer	Profile
Drew Wells	Senior Officer	Profile
Michael Broderick	Senior Transformation	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC