Cargojet Stock Market Value
| CGJTF Stock | USD 76.37 1.55 2.07% |
| 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.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Cargojet on April 24, 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 90 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.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1392 | |||
| Maximum Drawdown | 16.11 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 4.78 |
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 | 0.1992 | |||
| Jensen Alpha | 0.485 | |||
| Total Risk Alpha | 0.0553 | |||
| Sortino Ratio | 0.154 | |||
| Treynor Ratio | 5.3 |
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 appears to be very steady, given 3 months investment horizon. Cargojet secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cargojet, which you can use to evaluate the volatility of the firm. Please makes use of Cargojet's Downside Deviation of 2.16, mean deviation of 1.39, and Risk Adjusted Performance of 0.1992 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cargojet holds a performance score of 15. The firm shows a Beta (market volatility) of 0.0945, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cargojet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cargojet is expected to be smaller as well. Please check Cargojet's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Cargojet's price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Cargojet has good predictability. Overlapping area represents the amount of predictability between Cargojet time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 0.61 indicates that roughly 61.0% of current Cargojet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 12.84 |
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.