Geopolitical#188tier 2live in productionNew

terror event airline drift

cadence: Dailydata: mediumshort onlylong only
paper
2004
Source
Drakos, K. (2004). "Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of 9/11." European Journal of Political Economy. Also Karolyi-Martell 2010 IRAFIE.
Read the paper →

What it checks

Terror attack in US/EU → airline/cruise/hotel stocks drop 3-5% over 1-2 weeks.

Mechanism

Terror events in US/EU last 5d → 3-5% drawdown in airlines/cruises/hotels; mild recovery in P&C.

No production champion data for this family yet. Stats appear once the discovery pipeline promotes at least one strategy with this family tag.

Signal rule

terror event in US/EU last 5d → short DAL/UAL/AAL/LUV/CCL/RCL/NCLH/MAR/HLT/BKNG; long AIG/TRV; hold 1/3/10d

Data dependencies

  • daily_prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

  • terror_events

    Worker data table — see services/worker schema.

Expected edge

Paper alpha
-3% to -5%
Paper Sharpe
~0.3
Paper window
T+0 to T+10d

-3% to -5% on airlines over 10d.

Example tickers where this is likely to fire

Illustrative only — the signal fires based on the live data, not a fixed list.

Related families

Explore terror event airline drift on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more