LATAM Airlines Correlations

Stocks . USA . 
Stock . LATAM Airlines Group
LTM Stock  USD 38.05  1.41  3.57%   
The current 90-days correlation between LATAM Airlines Group and United States Steel is 0.11 (i.e., Average 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

Very weak diversification

The correlation between LATAM Airlines Group and DJI is 0.54 (i.e., Very weak 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

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  0.79TFII TFI InternationalPairCorr
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  0.83AL Air LeasePairCorr
  0.91AP Ampco PittsburghPairCorr
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  0.81BA BoeingPairCorr
  0.81BV BrightView HoldingsPairCorr
  0.74BW Babcock Wilcox EnterPairCorr

Moving against LATAM Stock

  0.66SAIA Saia IncPairCorr
  0.68MG Mistras GroupPairCorr
  0.38HI HillenbrandPairCorr
  0.38NL NL IndustriesPairCorr

Related Correlations Analysis

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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.

LATAM Airlines Corporate Management

Andres BianchiChief OfficerProfile
Paulo MirandaChief OfficerProfile
Emilio SotaChief OfficerProfile
Ramiro BalzaChief OfficerProfile
Andrs EitelSenior FinanceProfile
Juliana RioChief OfficerProfile
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