Air T Correlations
| AIRT Stock | USD 24.22 1.90 7.27% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air T moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air T Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Air T Inc and NYA is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Air T Inc and NYA in the same portfolio, assuming nothing else is changed.
Air |
The ability to find closely correlated positions to Air T could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air T 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 Air T - 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 Air T Inc to buy it.
Moving together with Air Stock
| 0.8 | FDX | FedEx Financial Report 18th of June 2024 | PairCorr |
| 0.61 | GVH | Globavend Holdings | PairCorr |
| 0.7 | ZTO | ZTO Express Financial Report 15th of May 2024 | PairCorr |
Moving against Air Stock
| 0.85 | JBHT | JB Hunt Transport Financial Report 16th of July 2024 | PairCorr |
| 0.83 | FWRD | Forward Air Financial Report 6th of May 2024 | PairCorr |
| 0.81 | RLGT | Radiant Logistics | PairCorr |
| 0.79 | LSTR | Landstar System | PairCorr |
| 0.78 | HUBG | Hub Group | PairCorr |
| 0.78 | AP | Ampco Pittsburgh | PairCorr |
| 0.73 | ATXG | Addentax Group Corp | PairCorr |
| 0.72 | EXPD | Expeditors International Financial Report 7th of May 2024 | PairCorr |
| 0.65 | AIRTP | Air T Inc | PairCorr |
| 0.58 | CRGO | Freightos Limited | PairCorr |
| 0.56 | GXO | GXO Logistics Financial Report 14th of May 2024 | PairCorr |
| 0.45 | PBI-PB | Pitney Bowes NT | PairCorr |
| 0.45 | CHRW | CH Robinson Worldwide Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.74 | 0.63 | 0.68 | 0.69 | 0.36 | 0.78 | ATXG | ||
| 0.74 | 0.9 | 0.84 | 0.88 | 0.66 | 0.94 | HUBG | ||
| 0.63 | 0.9 | 0.91 | 0.77 | 0.57 | 0.85 | LSTR | ||
| 0.68 | 0.84 | 0.91 | 0.79 | 0.39 | 0.79 | JBHT | ||
| 0.69 | 0.88 | 0.77 | 0.79 | 0.73 | 0.84 | EXPD | ||
| 0.36 | 0.66 | 0.57 | 0.39 | 0.73 | 0.63 | CHRW | ||
| 0.78 | 0.94 | 0.85 | 0.79 | 0.84 | 0.63 | FWRD | ||
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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 | 3.02 | (0.09) | 0.00 | 0.22 | 0.00 | 5.43 | 35.54 | |||
| HUBG | 1.22 | (0.32) | 0.00 | (0.14) | 0.00 | 1.98 | 8.04 | |||
| LSTR | 1.03 | (0.24) | 0.00 | (0.16) | 0.00 | 2.50 | 6.41 | |||
| JBHT | 1.29 | (0.45) | 0.00 | (0.23) | 0.00 | 2.22 | 11.98 | |||
| EXPD | 0.99 | (0.26) | 0.00 | (0.17) | 0.00 | 2.02 | 9.12 | |||
| CHRW | 1.33 | (0.31) | 0.00 | (0.58) | 0.00 | 2.05 | 14.17 | |||
| FWRD | 2.79 | (1.28) | 0.00 | (0.58) | 0.00 | 3.90 | 17.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Air T 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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Air T Corporate Directors
Air T corporate directors refer to members of an Air T board of directors. The board of directors generally takes responsibility for the Air T's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Air T's board members must vote for the resolution. The Air T board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Raymond Cabillot | Director | Profile | |
| Gary Kohler | Director | Profile | |
| Andrew Osborne | Director | Profile | |
| Andrew Stumpf | Director | Profile |
Already Invested in Air T Inc?
The danger of trading Air T Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Air T is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Air T. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Air T Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Air T Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Air Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Air T Inc Stock. Highlighted below are key reports to facilitate an investment decision about Air T Inc Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Air Stock analysis
When running Air T's price analysis, check to measure Air T's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.
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Is Air T's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Air T. If investors know Air will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Air T listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share (5.00) | Revenue Per Share 102.289 | Quarterly Revenue Growth 0.038 | Return On Assets (0.02) |
The market value of Air T Inc is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air T's value that differs from its market value or its book value, called intrinsic value, which is Air T's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Air T's market value can be influenced by many factors that don't directly affect Air T's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Air T's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air T is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air T's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.