Air Canada T.AC

Debunk!! jet fuel and share price - negative coorelation

[Abid123]

alright 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&currency=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.

[Returns2021]

You are clueless, but go on. Things are going so well for AC that share price is dropping just about EVERYDAY as the market makes new record highs, LOL. Yes, that is a clear sign that everything is just gravy. Share price will collapse below $10 very very soon

[Abid123]

I am clueless yet you are talking about share price going up and down on a daily basis lol. You are an idiot. Most of us are holding this for medium to long term. Stop trying to spread fear from your short postion. 

[Returns2021]

Poor bagholder....got nothing but hope left. Of course you now need to hold for the long term, you are down big time

[xidenjr]

I read a headline 2 minutes ago, 91% vaxd Ireland is having a delta variant breakout, these are highly correlated to sp going down I suspect.