LATAM Airlines Correlations

LTM Stock

USD 41.26 1.33 3.12%

The current 90-days correlation between LATAM Airlines Group and Encore Capital Group is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LATAM Airlines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LATAM Airlines Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

LATAM Airlines Correlation With Market

Modest diversification

The correlation between LATAM Airlines Group and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LATAM Airlines Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LATAM Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LATAM Airlines Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with LATAM Stock

0.86	CP	Canadian Pacific Railway	Pair Corr
0.82	AAL	American Airlines Earnings Call This Week	Pair Corr
0.65	ALK	Alaska Air Group Earnings Call This Week	Pair Corr
0.97	CPA	Copa Holdings SA	Pair Corr
0.86	DAL	Delta Air Lines Sell-off Trend	Pair Corr
0.92	LUV	Southwest Airlines Earnings Call This Week	Pair Corr
0.96	NSC	Norfolk Southern	Pair Corr
0.86	UAL	United Airlines Holdings	Pair Corr
0.69	ODFL	Old Dominion Freight Earnings Call This Week	Pair Corr
0.96	RYAAY	Ryanair Holdings PLC Earnings Call This Week	Pair Corr
0.74	ALGT	Allegiant Travel	Pair Corr
0.9	SKYW	SkyWest Earnings Call This Week	Pair Corr
0.82	SNCY	Sun Country Airlines	Pair Corr
0.88	TFII	TFI International Earnings Call This Week	Pair Corr
0.74	ULCC	Frontier Group Holdings	Pair Corr
0.91	J	Jacobs Solutions	Pair Corr
0.87	R	Ryder System Earnings Call This Week	Pair Corr
0.91	AL	Air Lease	Pair Corr
0.85	AP	Ampco Pittsburgh	Pair Corr
0.89	AZ	A2Z Smart Technologies	Pair Corr
0.93	BA	Boeing	Pair Corr
0.86	BE	Bloom Energy Corp	Pair Corr
0.74	BV	BrightView Holdings	Pair Corr
0.89	BW	Babcock Wilcox Enter	Pair Corr
0.93	CR	Crane Company	Pair Corr
0.97	CW	Curtiss Wright	Pair Corr
0.83	DE	Deere Company	Pair Corr
0.98	DY	Dycom Industries	Pair Corr
0.73	FA	First Advantage Corp	Pair Corr

Moving against LATAM Stock

0.64	FLYX	flyExclusive,	Pair Corr
0.56	MESA	Mesa Air Group	Pair Corr
0.79	NL	NL Industries	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.51	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	ECPG	PFLT	LPCN	FDVA	INBX	CNTA	ARDX	CPRX
ECPG		0.72	0.22	0.83	0.37	0.25	-0.55	-0.05	ECPG
PFLT	0.72		0.08	0.72	0.84	0.63	-0.16	-0.29	PFLT
LPCN	0.22	0.08		0.28	-0.15	-0.08	-0.1	0.44	LPCN
FDVA	0.83	0.72	0.28		0.44	0.15	-0.65	0.05	FDVA
INBX	0.37	0.84	-0.15	0.44		0.77	0.14	-0.56	INBX
CNTA	0.25	0.63	-0.08	0.15	0.77		0.43	-0.51	CNTA
ARDX	-0.55	-0.16	-0.1	-0.65	0.14	0.43		-0.16	ARDX
CPRX	-0.05	-0.29	0.44	0.05	-0.56	-0.51	-0.16		CPRX
	ECPG	PFLT	LPCN	FDVA	INBX	CNTA	ARDX	CPRX

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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

INBX	+ 0.84	PFLT
FDVA	+ 0.83	ECPG
CNTA	+ 0.77	INBX
PFLT	+ 0.72	ECPG
FDVA	+ 0.72	PFLT
CNTA	+ 0.63	PFLT

High negative correlations

ARDX	- 0.65	FDVA
CPRX	- 0.56	INBX
ARDX	- 0.55	ECPG
CPRX	- 0.51	CNTA
CPRX	- 0.29	PFLT
CPRX	- 0.16	ARDX

Risk-Adjusted Indicators

There is a big difference between LATAM Stock performing well and LATAM Airlines 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 LATAM Airlines' 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
ECPG	2.02	0.27	0.15	0.32	1.96	(2.40)	3.61	(2.72)	28.93
PFLT	0.85	0.14	0.07	0.37	0.92	(0.95)	1.89	(1.60)	5.26
LPCN	2.79	0.01	0.00	0.14	3.48	(3.20)	6.97	(6.18)	27.06
FDVA	0.50	0.18	0.12	0.93	0.00	(1.59)	1.94	(0.71)	6.30
INBX	3.07	1.12	0.31	3.06	2.67	(3.83)	7.99	(4.49)	15.98
CNTA	2.46	0.28	0.10	0.32	3.00	(2.83)	4.85	(5.35)	15.95
ARDX	3.23	0.14	0.00	14.23	5.83	(3.10)	5.61	(6.33)	29.98
CPRX	1.59	(0.26)	0.00	(0.10)	0.00	0.00	2.63	(3.42)	7.85

LATAM Airlines Corporate Management

Andres Bianchi	Chief Officer	Profile
Paulo Miranda	Chief Officer	Profile
Emilio Sota	Chief Officer	Profile
Ramiro Balza	Chief Officer	Profile
Andrs Eitel	Senior Finance	Profile
Juliana Rio	Chief Officer	Profile

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