Does Boeing and China Eastern Airline stock reflect recent airplane crash?

According to CNN, "No survivors of a China Eastern Airlines plane crash have been found after a second day of search efforts, Chinese investigators said late Tuesday.

In China's worst air disaster in more than a decade, the Boeing  737-800 -- carrying 132 people -- crashed Monday afternoon in a remote, mountainous region in the south of the country as it flew from Kunming to Guangzhou."

Boeing and China Eastern Airline stock do reflect this disaster

By using moomoo App and put both stocks into single chart, it is obvious that both companies stock drop, China Eastern Airline dropped further.

If we look back three years, both companies stock cut in half, China Eastern Airline Stock dropped 50.69%, Boeing stock dropped 49.93%. Pademic play critical role to pull down stock  price, since March 2020, both companies stock have not recovered back to prior pademic. 

By putting both companies stock into one chart and review three years stock performance, both companies stock perform in the same wave. It suggests in order to avoid risk, if you buy boeing stock, try to avoid Airline stock, vice versa.