Air T Correlations
| AIRT Stock | USD 18.30 0.20 1.08% |
The current 90-days correlation between Air T Inc and Addentax Group Corp is 0.12 (i.e., Average 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
Average diversification
The correlation between Air T Inc and DJI is 0.13 (i.e., Average 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.
Moving together with Air Stock
| 0.62 | CP | Canadian Pacific Railway | PairCorr |
| 0.82 | AAL | American Airlines | PairCorr |
| 0.81 | ALK | Alaska Air Group | PairCorr |
| 0.85 | CSX | CSX Corporation | PairCorr |
| 0.83 | DAL | Delta Air Lines | PairCorr |
| 0.82 | KNX | Knight Transportation | PairCorr |
| 0.82 | NSC | Norfolk Southern | PairCorr |
| 0.69 | RXO | RXO Inc | PairCorr |
| 0.79 | UAL | United Airlines Holdings | PairCorr |
| 0.7 | UNP | Union Pacific | PairCorr |
| 0.78 | XPO | XPO Logistics | PairCorr |
| 0.74 | HTLD | Heartland Express | PairCorr |
| 0.8 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.71 | MRTN | Marten Transport | PairCorr |
| 0.78 | ODFL | Old Dominion Freight | PairCorr |
| 0.83 | ALGT | Allegiant Travel | PairCorr |
| 0.74 | ARCB | ArcBest Corp | PairCorr |
| 0.83 | SNDR | Schneider National | PairCorr |
| 0.77 | SNCY | Sun Country Airlines | PairCorr |
| 0.76 | TFII | TFI International | PairCorr |
| 0.82 | CVLG | Covenant Logistics Group, | PairCorr |
Related Correlations Analysis
| 0.8 | 0.74 | 0.75 | 0.55 | 0.5 | 0.8 | ATXG | ||
| 0.8 | 0.96 | 0.97 | 0.81 | 0.82 | 0.9 | HUBG | ||
| 0.74 | 0.96 | 0.96 | 0.86 | 0.83 | 0.81 | LSTR | ||
| 0.75 | 0.97 | 0.96 | 0.86 | 0.83 | 0.86 | JBHT | ||
| 0.55 | 0.81 | 0.86 | 0.86 | 0.93 | 0.71 | EXPD | ||
| 0.5 | 0.82 | 0.83 | 0.83 | 0.93 | 0.73 | CHRW | ||
| 0.8 | 0.9 | 0.81 | 0.86 | 0.71 | 0.73 | FWRD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | 5.66 | (0.75) | 0.00 | 20.20 | 0.00 | 11.11 | 26.48 | |||
| HUBG | 1.98 | (0.24) | 0.00 | (0.27) | 0.00 | 2.90 | 15.31 | |||
| LSTR | 1.57 | (0.13) | 0.00 | (0.23) | 0.00 | 3.04 | 12.18 | |||
| JBHT | 1.91 | (0.16) | 0.00 | (0.22) | 0.00 | 3.61 | 17.10 | |||
| EXPD | 1.65 | 0.04 | 0.00 | (0.04) | 0.00 | 3.63 | 13.97 | |||
| CHRW | 1.52 | 0.03 | 0.00 | (0.05) | 0.00 | 2.66 | 12.91 | |||
| FWRD | 4.76 | (0.33) | 0.00 | (0.19) | 0.00 | 7.69 | 41.55 |
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 |