Freightos Limited Correlations

Stocks . USA . 
Stock . Freightos Limited Warrants
CRGOW Stock   0.20  0.03  13.04%   
The current 90-days correlation between Freightos Limited and United Guardian is -0.11 (i.e., Good diversification). The correlation of Freightos Limited 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Freightos Limited Correlation With Market

Good diversification

The correlation between Freightos Limited Warrants and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freightos Limited Warrants 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 Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Freightos Stock

  0.65PAL Proficient Auto LogiPairCorr
  0.8PBI Pitney BowesPairCorr
  0.73ATXG Addentax Group CorpPairCorr
  0.75G Genpact LimitedPairCorr

Moving against Freightos Stock

  0.58NCEW New Century LogisticsPairCorr
  0.5SFWL Shengfeng DevelopmentPairCorr
  0.49CYRX CryoportPairCorr
  0.43SGLY Singularity FuturePairCorr
  0.4LSTR Landstar SystemPairCorr
  0.37BTOC Armlogi Holding CorpPairCorr
  0.36FDX FedExPairCorr
  0.36CHRW CH Robinson WorldwidePairCorr
  0.35GXO GXO LogisticsPairCorr
  0.35LSH Lakeside HoldingPairCorr
  0.33UPS United Parcel ServicePairCorr
  0.62GD General DynamicsPairCorr
  0.49BW Babcock Wilcox EnterPairCorr
  0.47NL NL IndustriesPairCorr
  0.46BV BrightView HoldingsPairCorr
  0.46CW Curtiss WrightPairCorr
  0.36IR Ingersoll RandPairCorr

Related Correlations Analysis

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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   
SWK
+ 0.77
UG
TPR
+ 0.66
SWK
TPR
+ 0.62
UG
CHD
+ 0.62
UL
GES
+ 0.48
CROX
GES
+ 0.47
EL
  
High negative correlations   
GES
- 0.74
CHD
UG
- 0.59
CROX
TPR
- 0.55
GES
GES
- 0.45
UL
UL
- 0.4
CROX
SWK
- 0.37
CROX

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.

Freightos Limited Corporate Management

Ian ArroyoChief OfficerProfile
Ilan SlaskyChief OfficerProfile
Merav CarmeliVice ResourcesProfile
Andrea IndaveVice ResourcesProfile
Ran ShalevChief OfficerProfile
Manel MedranoChief OfficerProfile
Pablo PinillosChief OfficerProfile
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