AAL vs KGEI: Correlation
How closely do American Airlines Group, Inc. (AAL) and Kolibri Global Energy Inc. (KGEI) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAL and KGEI?
On 3 years of weekly data the AAL/KGEI correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.61 versus -0.33 over 3 years. The 5-year figure is -0.00, and annualized covariance runs at -775.2 %².
Among the 22 assets we track against AAL, KGEI sits near the bottom by co-movement, at rank #18. Their 12-month results are close: +4.5% for AAL against +5.6% for KGEI.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AAL vs KGEI: side by side
| AAL (American Airlines Group, Inc.) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +4.5% | +5.6% |
| 5-year return | -29.7% | +631.2% |
| Volatility (ann.) | 45.3% | 51.1% |
| Beta vs S&P 500 | 1.29 | 0.13 |
| Max drawdown (3Y) | -51.4% | -64.7% |
| Market cap | $9.1B | $0.2B |
| P/E (trailing) | – | 10.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAL | KGEI |
|---|---|---|
| 2022 | -29.2% | +391.7% |
| 2023 | +8.0% | +27.1% |
| 2024 | +26.9% | +41.9% |
| 2025 | -12.0% | -26.1% |
| 2026 | -10.5% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAL and KGEI good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AAL and KGEI?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.61 over the last year and -0.00 over 5 years.
Is KGEI a good diversifier for AAL?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aal-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aal-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAL correlations · KGEI correlations
