Air T Correlations
| AIRT Stock | USD 20.00 0.10 0.50% |
The current 90-days correlation between Air T Inc and Addentax Group Corp is -0.08 (i.e., Good diversification). The correlation of Air T is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Air T Correlation With Market
Good diversification
The correlation between Air T Inc and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Air T Inc and DJI in the same portfolio, assuming nothing else is changed.
Air |
Moving together with Air Stock
| 0.76 | AAL | American Airlines | PairCorr |
| 0.63 | ALK | Alaska Air Group | PairCorr |
| 0.74 | LUV | Southwest Airlines | PairCorr |
| 0.74 | UAL | United Airlines Holdings | PairCorr |
| 0.63 | ALGT | Allegiant Travel Earnings Call This Week | PairCorr |
| 0.75 | SRFM | Surf Air Mobility | PairCorr |
Moving against Air Stock
| 0.65 | CPA | Copa Holdings SA Earnings Call This Week | PairCorr |
| 0.52 | CNI | Canadian National Railway Sell-off Trend | PairCorr |
| 0.36 | CP | Canadian Pacific Railway | PairCorr |
| 0.35 | RXO | RXO Inc Earnings Call This Week | PairCorr |
| 0.56 | YGMZ | Mingzhu Logistics | PairCorr |
| 0.42 | ODFL | Old Dominion Freight | PairCorr |
| 0.34 | ARCB | ArcBest Corp Earnings Call This Week | PairCorr |
| 0.66 | AZUL | Azul SA | PairCorr |
| 0.59 | J | Jacobs Solutions | PairCorr |
| 0.48 | BEST | BEST Inc | PairCorr |
| 0.31 | BV | BrightView Holdings | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Air Stock performing well and Air T Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Air T's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATXG | 4.30 | 0.14 | 0.02 | 0.29 | 4.42 | 10.53 | 28.71 | |||
| HUBG | 1.43 | 0.02 | (0.01) | 0.13 | 1.67 | 2.91 | 12.97 | |||
| LSTR | 1.24 | (0.13) | 0.00 | (0.13) | 0.00 | 2.32 | 8.58 | |||
| JBHT | 1.25 | (0.04) | 0.00 | (0.04) | 0.00 | 2.71 | 11.30 | |||
| EXPD | 0.77 | (0.06) | 0.00 | 2.31 | 0.00 | 1.49 | 4.85 | |||
| CHRW | 1.11 | (0.11) | 0.00 | (0.26) | 0.00 | 2.22 | 7.54 | |||
| FWRD | 2.21 | (0.17) | 0.00 | (0.23) | 0.00 | 6.61 | 14.50 |
Air T Corporate Management
| Sebastian Lourier | Principal Partners | Profile | |
| Dave Bixler | LLC Yard | Profile | |
| Richard Lee | I Solutions | Profile | |
| Kevin Milligan | Principal Partners | Profile | |
| Mark Jundt | Secretary Counsel | Profile | |
| Cheryl Sigmon | Chief Segment | Profile |