Freightos Limited Correlations
| CRGOW Stock | 0.18 0 0.56% |
The current 90-days correlation between Freightos Limited and Nextnav Acquisition Corp is -0.15 (i.e., Good diversification). The correlation of Freightos Limited 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.
Freightos Limited Correlation With Market
Significant diversification
The correlation between Freightos Limited Warrants and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freightos Limited Warrants and DJI in the same portfolio, assuming nothing else is changed.
Freightos |
Moving against Freightos Stock
| 0.54 | GXO | GXO Logistics | PairCorr |
| 0.36 | ZTO | ZTO Express | PairCorr |
| 0.33 | JBHT | JB Hunt Transport Fiscal Year End 16th of January 2025 | PairCorr |
| 0.55 | J | Jacobs Solutions | PairCorr |
| 0.52 | ATXG | Addentax Group Corp | PairCorr |
| 0.49 | B | Barnes Group | PairCorr |
| 0.4 | PBI-PB | Pitney Bowes NT | PairCorr |
| 0.57 | BW | Babcock Wilcox Enter | PairCorr |
| 0.57 | EH | Ehang Holdings | PairCorr |
| 0.52 | BV | BrightView Holdings | PairCorr |
| 0.43 | CW | Curtiss Wright | PairCorr |
Related Correlations Analysis
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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 Freightos Stock performing well and Freightos Limited 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 Freightos Limited'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NN | 3.05 | 1.16 | 0.26 | 1.08 | 3.29 | 7.35 | 18.29 | |||
| BRID | 2.46 | (0.17) | 0.00 | 2.17 | 0.00 | 4.54 | 32.90 | |||
| IPGP | 1.67 | (0.05) | 0.00 | 0.05 | 1.93 | 4.46 | 11.69 | |||
| VLGEA | 1.51 | (0.05) | 0.01 | 0.06 | 1.83 | 2.92 | 17.87 | |||
| LFVN | 3.59 | 0.81 | 0.15 | (1.50) | 4.01 | 8.92 | 26.14 | |||
| SMTC | 2.85 | 0.39 | 0.13 | 0.37 | 2.95 | 6.02 | 19.03 | |||
| HFFG | 2.87 | (0.01) | 0.04 | 0.08 | 3.43 | 6.34 | 23.09 |
Freightos Limited Corporate Management
| Ian Arroyo | Chief Officer | Profile | |
| Ilan Slasky | Chief Officer | Profile | |
| Ran Shalev | Chief Officer | Profile | |
| Merav Carmeli | Vice Resources | Profile | |
| Manel Medrano | Chief Officer | Profile | |
| Ruthie Amaru | Chief Officer | Profile | |
| Joyce Tai | Executive APAC | Profile |