Cargojet Correlations
| CJT Stock | CAD 90.27 0.71 0.79% |
The current 90-days correlation between Cargojet and Mullen Group is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cargojet |
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cargojet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cargojet to buy it.
Moving together with Cargojet Stock
| 0.67 | FFH | Fairfax Financial | PairCorr |
| 0.64 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.77 | MGG | Minaurum Gold | PairCorr |
| 0.65 | BYN | Banyan Gold Corp Earnings Call Tomorrow | PairCorr |
| 0.69 | PAAS | Pan American Silver | PairCorr |
| 0.67 | SCD | Scandium Canada | PairCorr |
| 0.75 | PPTA | Perpetua Resources Corp | PairCorr |
| 0.69 | GSPR | GSP Resource Corp Earnings Call This Week | PairCorr |
| 0.72 | MTL | Mullen Group | PairCorr |
| 0.77 | TUO | Teuton Resources Corp | PairCorr |
| 0.71 | AUXX | Gold X2 Mining | PairCorr |
| 0.65 | DAU | Desert Gold Ventures | PairCorr |
| 0.68 | DBM | Doman Building Materials | PairCorr |
| 0.68 | SOI | Sirios Resources | PairCorr |
| 0.84 | TECK-A | Teck Resources | PairCorr |
| 0.84 | BDI | Black Diamond Group | PairCorr |
| 0.68 | AZS | Arizona Gold Silver | PairCorr |
| 0.67 | MOLY | Greenland Resources | PairCorr |
| 0.61 | LGC | Lavras Gold Corp | PairCorr |
| 0.7 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.76 | TSLV | Tier One Silver | PairCorr |
| 0.76 | URE | Ur Energy | PairCorr |
| 0.62 | VENZ | Venzee Technologies | PairCorr |
Related Correlations Analysis
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 Cargojet Stock performing well and Cargojet 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 Cargojet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MTL | 0.79 | 0.23 | 0.14 | 16.35 | 0.95 | 1.56 | 5.03 | |||
| TCL-A | 1.20 | 0.34 | 0.22 | (1.07) | 0.88 | 1.91 | 21.82 | |||
| BLDP | 2.37 | (0.52) | 0.00 | (0.79) | 0.00 | 4.81 | 15.09 | |||
| WTE | 0.78 | 0.19 | 0.11 | 11.59 | 0.91 | 1.84 | 4.56 | |||
| MAL | 1.62 | 0.53 | 0.23 | (17.13) | 1.53 | 4.59 | 11.78 | |||
| BDI | 1.08 | 0.20 | 0.12 | 0.66 | 1.09 | 3.07 | 8.78 | |||
| BDT | 1.45 | 0.03 | (0.01) | 3.58 | 2.72 | 3.10 | 11.62 | |||
| SIS | 0.99 | 0.24 | 0.19 | 0.63 | 0.85 | 2.42 | 7.27 | |||
| ADEN | 1.45 | 0.24 | 0.12 | 1.41 | 1.41 | 3.03 | 9.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cargojet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
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Cargojet Corporate Management
Elected by the shareholders, the Cargojet's board of directors comprises two types of representatives: Cargojet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cargojet. The board's role is to monitor Cargojet's management team and ensure that shareholders' interests are well served. Cargojet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cargojet's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Arlene Dickinson | Independent Director | Profile | |
| Scott Calver | Chief Officer | Profile | |
| Sanjeev Maini | Interim Finance | Profile | |
| Gord Johnston | Executive Sales | Profile | |
| Aaron McKay | Chief Officer | Profile | |
| Fernando Garcia | Vice Governance | Profile | |
| Leo Cordeiro | Senior Engineering | Profile |