Given its better prospects, we believe United Airlines stock (NASDAQ
NDAQ
Interestingly, AAL stock has had a Sharpe Ratio of -0.2 since early 2017, lower than 0.0 for UAL and 0.6 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.3 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.