KGEI vs UAL: Correlation
Kolibri Global Energy Inc. (KGEI) and United Airlines Holdings (UAL) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGEI and UAL?
Across a 3-year window, the weekly returns of KGEI and UAL correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.60) than the 3-year average (-0.25). Stretching to 5 years gives 0.03, with an annualized covariance of -601.8 %².
Within KGEI's tracked universe of 27 assets, UAL comes in at #20 by 3-year correlation. Their 12-month results are close: +5.6% for KGEI against +7.8% for UAL.
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.
KGEI vs UAL: side by side
| KGEI (Kolibri Global Energy Inc.) | UAL (United Airlines Holdings) | |
|---|---|---|
| 1-year return | +5.6% | +7.8% |
| 5-year return | +631.2% | +144.8% |
| Volatility (ann.) | 51.1% | 46.6% |
| Beta vs S&P 500 | 0.13 | 1.33 |
| Max drawdown (3Y) | -64.7% | -49.2% |
| Market cap | $0.2B | $36.5B |
| P/E (trailing) | 10.6 | 10.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | KGEI | UAL |
|---|---|---|
| 2022 | +391.7% | -13.9% |
| 2023 | +27.1% | +9.4% |
| 2024 | +41.9% | +135.3% |
| 2025 | -26.1% | +15.2% |
| 2026 | +48.9% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and UAL good diversifiers for each other?
Yes. With a correlation of -0.25, KGEI and UAL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KGEI and UAL?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.60 over the last year and 0.03 over 5 years.
Is UAL a good diversifier for KGEI?
Yes. With a correlation of -0.25, KGEI and UAL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kgei-vs-ual.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kgei-vs-ual/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KGEI correlations · UAL correlations
