Marten Transport Correlations

MRTN Stock

USD 9.84 0.42 4.46%

The current 90-days correlation between Marten Transport and Comtech Telecommunications Corp is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Marten Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marten Transport moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Marten Transport Correlation With Market

Average diversification

The correlation between Marten Transport 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 Marten Transport and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Marten Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marten Transport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.

Moving together with Marten Stock

0.68	PPERF	Bank Mandiri Persero	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.75	BA	Boeing	Pair Corr
0.79	T	ATT Inc	Pair Corr
0.8	HD	Home Depot	Pair Corr

Moving against Marten Stock

0.86	PTAIY	Astra International Tbk	Pair Corr
0.8	IBM	International Business	Pair Corr
0.76	GE	GE Aerospace	Pair Corr
0.73	BKRKF	PT Bank Rakyat	Pair Corr
0.73	AXP	American Express	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.71	INTC	Intel Aggressive Push	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.63	MRK	Merck Company Aggressive Push	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr
0.57	EC	Ecopetrol SA ADR	Pair Corr
0.55	TLK	Telkom Indonesia Tbk	Pair Corr
0.55	BAC	Bank of America	Pair Corr
0.53	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr
0.36	WMT	Walmart	Pair Corr

Related Correlations Analysis

	MCTH	FKWL	TETEF	WIRX	CMTL	TMUSI	SPMMF	UNHLF
MCTH		0.0	1.0	-1.0	0.0	0.0	-1.0	1.0	MCTH
FKWL	0.0		0.0	0.0	0.81	0.02	0.0	0.0	FKWL
TETEF	1.0	0.0		-1.0	0.0	0.0	-1.0	1.0	TETEF
WIRX	-1.0	0.0	-1.0		0.0	0.0	1.0	-1.0	WIRX
CMTL	0.0	0.81	0.0	0.0		0.11	0.0	0.0	CMTL
TMUSI	0.0	0.02	0.0	0.0	0.11		0.0	0.0	TMUSI
SPMMF	-1.0	0.0	-1.0	1.0	0.0	0.0		-1.0	SPMMF
UNHLF	1.0	0.0	1.0	-1.0	0.0	0.0	-1.0		UNHLF
	MCTH	FKWL	TETEF	WIRX	CMTL	TMUSI	SPMMF	UNHLF

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

TETEF	+ 1.0	MCTH
UNHLF	+ 1.0	MCTH
UNHLF	+ 1.0	TETEF
SPMMF	+ 1.0	WIRX
CMTL	+ 0.81	FKWL
TMUSI	+ 0.11	CMTL

High negative correlations

UNHLF	- 1.0	SPMMF
UNHLF	- 1.0	WIRX
SPMMF	- 1.0	TETEF
WIRX	- 1.0	TETEF
SPMMF	- 1.0	MCTH
WIRX	- 1.0	MCTH

Risk-Adjusted Indicators

There is a big difference between Marten Stock performing well and Marten Transport 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 Marten Transport'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
MCTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FKWL	1.62	0.05	0.02	0.19	1.73	(1.97)	3.84	(2.99)	9.65
TETEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WIRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMTL	3.31	0.72	0.17	0.57	3.68	(3.84)	7.04	(6.39)	23.38
TMUSI	0.77	0.00	(0.02)	0.00	0.93	(0.83)	1.85	(1.61)	6.29
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UNHLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Marten Transport Corporate Executives

Elected by the shareholders, the Marten Transport's board of directors comprises two types of representatives: Marten Transport inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marten. The board's role is to monitor Marten Transport's management team and ensure that shareholders' interests are well served. Marten Transport'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, Marten Transport's outside directors are responsible for providing unbiased perspectives on the board's policies.

James CPA	Executive CFO	Profile
James Hinnendael	CFO, Principal Accounting Officer and Executive VP	Profile
Adam Phillips	Executive COO	Profile
Randall Baier	Executive CTO	Profile

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