Patriot Transportation Correlations
| PATIDelisted Stock | USD 8.20 0.21 2.63% |
The correlation of Patriot Transportation 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.
Patriot Transportation Correlation With Market
Average diversification
The correlation between Patriot Transportation Holding and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Patriot Transportation Holding and DJI in the same portfolio, assuming nothing else is changed.
Patriot |
Moving together with Patriot Stock
| 0.77 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.81 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.86 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.71 | PBCRY | Bank Central Asia | PairCorr |
| 0.91 | BKRKY | Bank Rakyat | PairCorr |
| 0.88 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.78 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.74 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.88 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Patriot Stock
| 0.82 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.81 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.78 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.77 | SSNLF | Samsung Electronics | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.72 | PTAIF | PT Astra International | PairCorr |
| 0.7 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.59 | HPQ | HP Inc | PairCorr |
| 0.57 | HD | Home Depot | PairCorr |
| 0.55 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.35 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Related Correlations Analysis
| 0.44 | 0.45 | 0.86 | 0.88 | 0.89 | 0.69 | ULH | ||
| 0.44 | 0.78 | 0.37 | 0.28 | 0.49 | -0.17 | MRTN | ||
| 0.45 | 0.78 | 0.48 | 0.45 | 0.65 | -0.1 | HTLD | ||
| 0.86 | 0.37 | 0.48 | 0.93 | 0.91 | 0.69 | WERN | ||
| 0.88 | 0.28 | 0.45 | 0.93 | 0.9 | 0.76 | SNDR | ||
| 0.89 | 0.49 | 0.65 | 0.91 | 0.9 | 0.59 | CVLG | ||
| 0.69 | -0.17 | -0.1 | 0.69 | 0.76 | 0.59 | USX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Patriot Stock performing well and Patriot Transportation 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 Patriot Transportation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ULH | 2.11 | 0.11 | 0.10 | 0.16 | 2.49 | 4.21 | 17.47 | |||
| MRTN | 1.28 | (0.16) | (0.06) | 0.01 | 1.54 | 2.42 | 11.37 | |||
| HTLD | 1.26 | (0.10) | (0.03) | 0.05 | 1.50 | 2.38 | 10.96 | |||
| WERN | 1.32 | 0.00 | 0.03 | 0.11 | 1.31 | 2.80 | 10.67 | |||
| SNDR | 1.15 | 0.21 | 0.17 | 0.32 | 1.01 | 3.15 | 6.88 | |||
| CVLG | 1.38 | (0.04) | 0.03 | 0.09 | 1.35 | 2.96 | 12.53 | |||
| USX | 0.23 | 0.04 | (0.18) | (8.12) | 0.17 | 0.67 | 1.82 |
Patriot Transportation Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Patriot Transportation stock to make a market-neutral strategy. Peer analysis of Patriot Transportation could also be used in its relative valuation, which is a method of valuing Patriot Transportation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Patriot Transportation Corporate Management
| Jeffrey Anthony | VP HR | Profile | |
| Robert Sandlin | Pres CEO | Profile | |
| Matthew McNulty | CFO COO | Profile | |
| John Wagner | Chief Officer | Profile | |
| John Klopfenstein | Controller Officer | Profile |
Still Interested in Patriot Transportation Holding?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.