Surf Air Correlations

SRFM Stock

5.30 0.62 10.47%

The current 90-days correlation between Surf Air Mobility and United Airlines Holdings is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Surf Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surf Air Mobility moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Surf Air Correlation With Market

Average diversification

The correlation between Surf Air Mobility and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surf Air Mobility and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Surf Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surf Air Mobility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Surf Stock

0.64	DAL	Delta Air Lines Sell-off Trend	Pair Corr
0.63	LUV	Southwest Airlines Earnings Call This Week	Pair Corr
0.65	UAL	United Airlines Holdings	Pair Corr
0.67	SKYW	SkyWest Earnings Call This Week	Pair Corr
0.68	J	Jacobs Solutions	Pair Corr
0.78	R	Ryder System Earnings Call This Week	Pair Corr
0.66	AZ	A2Z Smart Technologies	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr

Moving against Surf Stock

0.53	FLYX	flyExclusive,	Pair Corr
0.51	WM	Waste Management Earnings Call Tomorrow	Pair Corr
0.44	NL	NL Industries	Pair Corr
0.37	RR	Richtech Robotics Class Aggressive Push	Pair Corr

Related Correlations Analysis

	UAL	DAL	JBLU	LUV	CCL	NCLH
UAL		0.96	0.51	0.95	0.86	0.88	UAL
DAL	0.96		0.52	0.95	0.86	0.87	DAL
JBLU	0.51	0.52		0.54	0.25	0.14	JBLU
LUV	0.95	0.95	0.54		0.89	0.85	LUV
CCL	0.86	0.86	0.25	0.89		0.93	CCL
NCLH	0.88	0.87	0.14	0.85	0.93		NCLH
	UAL	DAL	JBLU	LUV	CCL	NCLH

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Risk-Adjusted Indicators

There is a big difference between Surf Stock performing well and Surf Air 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 Surf Air'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
UAL	2.30	0.33	0.15	0.32	2.46	(2.53)	5.39	(4.37)	18.67
DAL	1.97	0.32	0.18	0.32	1.83	(2.32)	5.79	(4.13)	16.12
JBLU	2.95	0.06	0.06	0.16	3.01	(3.47)	7.40	(5.27)	17.82
LUV	1.59	0.38	0.24	0.40	1.28	(1.78)	3.71	(2.59)	10.65
CCL	1.84	0.52	0.32	0.38	1.49	(2.25)	6.07	(2.61)	14.53
NCLH	2.11	0.34	0.15	0.31	2.34	(2.19)	5.16	(3.91)	13.42

Surf Air Corporate Management

Ido Gruberger	Chief Officer	Profile
Deanna White	Senior Advisor	Profile
Frederick Reid	Global Development	Profile
Bryce Van	Chief Officer	Profile

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