Debunk!! jet fuel and share price - negative coorelationalright so some people are spreading fear that increased fuel price is going to have a major impact on share price. I ran some numbers instead of just claiming stuff without proof. My results are that there is minor impact and not nearly as crazy as some people on this board are stating.
Here is the site for historical jet fuel costs:
https://www.indexmundi.com/commodities/?commodity=jet-fuel&months=120¤cy=cad
here is the site for getting historical AC share data:
https://ca.finance.yahoo.com/quote/AC.TO/history?period1=1317427200&period2=1633046400&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true
Use the two sites and find the coorelation between the two. The result based on past 10 years on monthly close is .12. This is trivial.
Now please stop the fear mongering of jet fuel costs.