Cargojet Stock Market Value
| CGJTF Stock | USD 72.34 1.49 2.10% |
| Symbol | Cargojet |
Cargojet 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cargojet's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cargojet.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Cargojet on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Cargojet or generate 0.0% return on investment in Cargojet over 30 days. Cargojet is related to or competes with Hub, Expeditors International, JB Hunt, CH Robinson, Landstar System, United Parcel, and GXO Logistics. Cargojet Inc. provides time sensitive overnight air cargo services in Canada More
Cargojet Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cargojet's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cargojet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (6.42) | |||
| Potential Upside | 5.89 |
Cargojet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cargojet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cargojet's standard deviation. In reality, there are many statistical measures that can use Cargojet historical prices to predict the future Cargojet's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cargojet's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cargojet Backtested Returns
Cargojet secures Sharpe Ratio (or Efficiency) of -0.0805, which signifies that the company had a -0.0805 % return per unit of risk over the last 3 months. Cargojet exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cargojet's Standard Deviation of 3.19, risk adjusted performance of (0.08), and Mean Deviation of 2.14 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Cargojet returns are very sensitive to returns on the market. As the market goes up or down, Cargojet is expected to follow. At this point, Cargojet has a negative expected return of -0.27%. Please make sure to confirm Cargojet's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Cargojet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Cargojet has good predictability. Overlapping area represents the amount of predictability between Cargojet time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cargojet price movement. The serial correlation of 0.76 indicates that around 76.0% of current Cargojet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 9.04 |
Cargojet lagged returns against current returns
Autocorrelation, which is Cargojet pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cargojet's pink sheet expected returns. We can calculate the autocorrelation of Cargojet returns to help us make a trade decision. For example, suppose you find that Cargojet has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cargojet regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cargojet pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cargojet pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cargojet pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cargojet Lagged Returns
When evaluating Cargojet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cargojet pink sheet have on its future price. Cargojet autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cargojet autocorrelation shows the relationship between Cargojet pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cargojet.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cargojet Pink Sheet
Cargojet financial ratios help investors to determine whether Cargojet Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cargojet with respect to the benefits of owning Cargojet security.