Freightos Limited Correlations

CRGO Stock

4.13 0.20 5.09%

The current 90-days correlation between Freightos Limited and Jayud Global Logistics is -0.09 (i.e., Good diversification). 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

Significant diversification

The correlation between Freightos Limited Ordinary and DJI is 0.02 (i.e., Significant 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

0.88	JYD	Jayud Global Logistics	Pair Corr
0.82	CRGOW	Freightos Limited	Pair Corr
0.69	ATXG	Addentax Group Corp	Pair Corr
0.94	B	Barnes Group	Pair Corr
0.72	AP	Ampco Pittsburgh	Pair Corr
0.75	BA	Boeing	Pair Corr

Moving against Freightos Stock

0.86	BTOC	Armlogi Holding Corp	Pair Corr
0.85	HUBG	Hub Group	Pair Corr
0.8	LSTR	Landstar System	Pair Corr
0.79	EXPD	Expeditors International Earnings Call Today	Pair Corr
0.78	FDX	FedEx	Pair Corr
0.78	SFWL	Shengfeng Development	Pair Corr
0.71	GXO	GXO Logistics Buyout Trend	Pair Corr
0.71	JBHT	JB Hunt Transport	Pair Corr
0.71	CHRW	CH Robinson Worldwide	Pair Corr
0.61	LSH	Lakeside Holding	Pair Corr
0.61	UPS	United Parcel Service	Pair Corr
0.46	FWRD	Forward Air	Pair Corr
0.42	PSIG	PS International	Pair Corr
0.89	NX	Quanex Building Products	Pair Corr
0.79	IR	Ingersoll Rand	Pair Corr
0.79	OP	Oceanpal	Pair Corr
0.77	AL	Air Lease Buyout Trend	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.69	BV	BrightView Holdings	Pair Corr
0.61	NL	NL Industries	Pair Corr
0.59	GD	General Dynamics	Pair Corr
0.54	OC	Owens Corning	Pair Corr
0.53	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	HUBG	LSTR	JBHT	EXPD	CHRW	JYD	ATXG	RLGT	FWRD
HUBG		0.89	0.84	0.94	0.71	-0.82	-0.67	0.61	0.73	HUBG
LSTR	0.89		0.85	0.81	0.84	-0.81	-0.71	0.42	0.67	LSTR
JBHT	0.84	0.85		0.75	0.58	-0.82	-0.57	0.54	0.76	JBHT
EXPD	0.94	0.81	0.75		0.66	-0.72	-0.5	0.7	0.68	EXPD
CHRW	0.71	0.84	0.58	0.66		-0.66	-0.63	0.18	0.5	CHRW
JYD	-0.82	-0.81	-0.82	-0.72	-0.66		0.7	-0.26	-0.56	JYD
ATXG	-0.67	-0.71	-0.57	-0.5	-0.63	0.7		-0.06	-0.4	ATXG
RLGT	0.61	0.42	0.54	0.7	0.18	-0.26	-0.06		0.63	RLGT
FWRD	0.73	0.67	0.76	0.68	0.5	-0.56	-0.4	0.63		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

EXPD	+ 0.94	HUBG
LSTR	+ 0.89	HUBG
JBHT	+ 0.85	LSTR
JBHT	+ 0.84	HUBG
CHRW	+ 0.84	LSTR
EXPD	+ 0.81	LSTR

High negative correlations

JYD	- 0.82	JBHT
JYD	- 0.82	HUBG
JYD	- 0.81	LSTR
JYD	- 0.72	EXPD
ATXG	- 0.71	LSTR
ATXG	- 0.67	HUBG

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	1.33	(0.17)	0.00	(0.21)	0.00	0.00	2.20	(3.55)	8.74
LSTR	1.07	(0.23)	0.00	(0.35)	0.00	0.00	2.06	(2.29)	6.83
JBHT	1.22	(0.18)	0.00	(0.39)	0.00	0.00	2.71	(2.48)	10.65
EXPD	0.84	(0.08)	0.00	(0.12)	0.00	0.00	1.76	(1.58)	4.85
CHRW	1.02	(0.12)	0.00	(0.37)	0.00	0.00	2.38	(2.20)	11.46
JYD	9.76	3.11	0.25	9.06	9.06	(11.56)	30.61	(15.14)	85.05
ATXG	4.89	1.04	0.22	5.26	4.14	(6.81)	12.62	(7.81)	29.11
RLGT	1.68	(0.01)	0.00	(0.01)	0.00	0.00	3.83	(3.22)	13.45
FWRD	2.00	(0.19)	0.00	(0.79)	0.00	0.00	4.74	(4.47)	13.81

Freightos Limited Corporate Management

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

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