American Airlines Group Inc. (AAL) Correlation Distribution
Across 6,809 rolling correlation observations between American Airlines Group Inc. (AAL) and other NASDAQ-listed stocks, 75.5% are positive and 24.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.5%
- Strong positive (≥0.7)
- 12.8%
- Sector
- Air Transportation, Scheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 56 | 0.8% | |
| -0.6 to -0.5 | 56 | 0.8% | |
| -0.5 to -0.4 | 298 | 4.4% | |
| -0.4 to -0.3 | 298 | 4.4% | |
| -0.3 to -0.2 | 323 | 4.7% | |
| -0.2 to -0.1 | 323 | 4.7% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 313 | 4.6% | |
| 0.1 to 0.2 | 408 | 6.0% | |
| 0.2 to 0.3 | 407 | 6.0% | |
| 0.3 to 0.4 | 605 | 8.9% | |
| 0.4 to 0.5 | 604 | 8.9% | |
| 0.5 to 0.6 | 964 | 14.2% | |
| 0.6 to 0.7 | 964 | 14.2% | |
| 0.7 to 0.8 | 436 | 6.4% | |
| 0.8 to 0.9 | 436 | 6.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of AAL?
American Airlines Group Inc. (AAL) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AAL positively correlated with other stocks?
Mostly yes — 75.5% of pairs are positive and 24.5% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for AAL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.7% of all pairs.
Explore the full interactive correlation distribution for AAL.
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