AL, NYSE

Air Lease Corporation (AL)

Price (as of October 24)

33.87USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CTOS

Custom Truck One Source, Inc.

-0.09

BRDS

Bird Global, Inc.

-0.07

PRG

PROG Holdings, Inc.

-0.04

FTAI

Fortress Transportation and Infrastructure Investors LLC

-0.04

CAR

Avis Budget Group, Inc.

-0.02

UHAL

AMERCO

-0.02

GATX

GATX Corporation

-0.01

HTZ

Hertz Global Holdings, Inc.

-0.01

HEES

H&E Equipment Services, Inc.

0

RCII

Rent-A-Center, Inc.

0

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Highest within Industry

Symbol Correlation

AER

AerCap Holdings N.V.

0.79

AAN

The Aaron's Company, Inc.

0.38

ALTG

Alta Equipment Group Inc.

0.17

FTAIO

Fortress Transportation and Infrastructure Investors LLC

0.11

HYRE

HyreCar Inc.

0.09

FTAIN

Fortress Transportation and Infrastructure Investors LLC

0.05

AHT.L

Ashtead Group plc

0.05

FTAIP

Fortress Transportation and Infrastructure Investors LLC

0.03

WLFC

Willis Lease Finance Corporation

0.03

TRTN

Triton International Limited

0.03

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Profile

Sector:
Industrials
Industry:
Rental & Leasing Services

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2021, it owned a fleet of 382 aircraft, including 278 narrowbody aircraft and 104 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.