Freightos Limited Correlations

CRGO Stock

2.55 0.02 0.79%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freightos Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freightos Limited Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Freightos Limited Correlation With Market

Modest diversification

The correlation between Freightos Limited Ordinary and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freightos Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Freightos Limited Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Freightos Stock

0.74	FWRD	Forward Air	Pair Corr
0.63	HUBG	Hub Group	Pair Corr
0.81	RLGT	Radiant Logistics	Pair Corr
0.67	AIRT	Air T Inc	Pair Corr
0.64	J	Jacobs Solutions	Pair Corr
0.75	R	Ryder System Earnings Call This Week	Pair Corr
0.67	BA	Boeing	Pair Corr
0.64	CP	Canadian Pacific Railway	Pair Corr

Moving against Freightos Stock

0.47	AIRTP	Air T Inc	Pair Corr
0.45	EXPD	Expeditors International	Pair Corr
0.41	ZTO	ZTO Express	Pair Corr
0.5	GD	General Dynamics	Pair Corr

Related Correlations Analysis

	HUBG	LSTR	JBHT	EXPD	CHRW	JYD	ATXG	RLGT	FWRD
HUBG		0.92	0.92	-0.65	0.57	-0.54	-0.45	0.55	0.94	HUBG
LSTR	0.92		0.88	-0.58	0.73	-0.66	-0.6	0.34	0.81	LSTR
JBHT	0.92	0.88		-0.61	0.46	-0.61	-0.39	0.52	0.88	JBHT
EXPD	-0.65	-0.58	-0.61		-0.23	0.47	0.52	-0.13	-0.75	EXPD
CHRW	0.57	0.73	0.46	-0.23		-0.44	-0.55	-0.02	0.46	CHRW
JYD	-0.54	-0.66	-0.61	0.47	-0.44		0.5	0.05	-0.41	JYD
ATXG	-0.45	-0.6	-0.39	0.52	-0.55	0.5		0.31	-0.36	ATXG
RLGT	0.55	0.34	0.52	-0.13	-0.02	0.05	0.31		0.57	RLGT
FWRD	0.94	0.81	0.88	-0.75	0.46	-0.41	-0.36	0.57		FWRD
	HUBG	LSTR	JBHT	EXPD	CHRW	JYD	ATXG	RLGT	FWRD

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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

FWRD	+ 0.94	HUBG
LSTR	+ 0.92	HUBG
JBHT	+ 0.92	HUBG
JBHT	+ 0.88	LSTR
FWRD	+ 0.88	JBHT
FWRD	+ 0.81	LSTR

High negative correlations

FWRD	- 0.75	EXPD
JYD	- 0.66	LSTR
EXPD	- 0.65	HUBG
JYD	- 0.61	JBHT
EXPD	- 0.61	JBHT
ATXG	- 0.6	LSTR

Risk-Adjusted Indicators

There is a big difference between Freightos Stock performing well and Freightos Limited 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 Freightos Limited'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
HUBG	1.39	(0.28)	0.00	(0.28)	0.00	0.00	2.17	(3.33)	7.02
LSTR	1.08	(0.20)	0.00	(0.31)	0.00	0.00	1.94	(2.17)	8.73
JBHT	1.29	(0.17)	0.00	(0.22)	0.00	0.00	2.70	(2.99)	10.22
EXPD	1.06	0.06	0.05	0.10	1.29	(1.20)	2.17	(2.47)	8.61
CHRW	1.14	(0.05)	0.00	(0.09)	0.00	0.00	2.40	(2.02)	8.72
JYD	6.60	2.20	0.26	18.50	5.83	(7.31)	17.59	(12.88)	55.39
ATXG	5.26	0.63	0.11	(6.27)	5.00	(7.07)	12.20	(9.20)	33.95
RLGT	1.86	(0.16)	0.00	(0.73)	0.00	0.00	4.45	(3.56)	12.67
FWRD	2.66	(0.56)	0.00	(0.41)	0.00	0.00	6.61	(6.28)	21.86

Freightos Limited Corporate Management

Ian Arroyo	Chief Officer	Profile
Ilan Slasky	Chief Officer	Profile
Merav Carmeli	Vice Resources	Profile
Andrea Indave	Vice Resources	Profile
Ran Shalev	Chief Officer	Profile
Manel Medrano	Chief Officer	Profile
Pablo Pinillos	Chief Officer	Profile

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