Cargojet Stock Price on October 8, 2024
CJT Stock | CAD 120.90 1.19 0.99% |
If you're considering investing in Cargojet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cargojet stands at 120.90, as last reported on the 2nd of December, with the highest price reaching 120.95 and the lowest price hitting 119.19 during the day. Cargojet secures Sharpe Ratio (or Efficiency) of -0.0456, which signifies that the company had a -0.0456% return per unit of risk over the last 3 months. Cargojet exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cargojet's Risk Adjusted Performance of (0.03), standard deviation of 1.7, and Mean Deviation of 1.18 to double-check the risk estimate we provide.
Cargojet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cargojet |
Sharpe Ratio = -0.0456
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Estimated Market Risk
1.7 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cargojet is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cargojet by adding Cargojet to a well-diversified portfolio.
Cargojet Valuation on October 8, 2024
It is possible to determine the worth of Cargojet on a given historical date. On October 8, 2024 Cargojet was worth 134.05 at the beginning of the trading date compared to the closed value of 134.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cargojet stock. Still, in general, we apply an absolute valuation method to find Cargojet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cargojet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cargojet's related companies.
Open | High | Low | Close | Volume | |
137.25 | 137.25 | 133.52 | 134.49 | 28,376 | |
10/08/2024 | 134.05 | 135.05 | 134.05 | 134.53 | 9,830 |
134.11 | 135.60 | 134.11 | 134.55 | 23,170 |
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Cargojet Trading Date Momentum on October 8, 2024
On October 09 2024 Cargojet was traded for 134.55 at the closing time. The maximum traded price for the trading interval was 135.60 and the lowest daily price was 134.11 . The daily volume was recorded at 23.2 K. The volume of trading on 9th of October 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 0.01% . The overall trading delta to the closing price today is 4.02% . |
Cargojet Fundamentals Correlations and Trends
By evaluating Cargojet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cargojet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cargojet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cargojet Stock history
Cargojet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cargojet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cargojet will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cargojet stock prices may prove useful in developing a viable investing in Cargojet
Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Cargojet Inc. is headquartered in Mississauga, Canada.Cargojet Inc. operates as a subsidiary of Flagship International Marketing Limited. CARGOJET INC operates under Integrated Freight Logistics classification in Canada and is traded on Toronto Stock Exchange. It employs 1182 people.
Cargojet Stock Technical Analysis
Cargojet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cargojet Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Cargojet cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cargojet December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Cargojet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cargojet shares will generate the highest return on investment. By undertsting and applying Cargojet stock market strength indicators, traders can identify Cargojet entry and exit signals to maximize returns
Cargojet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cargojet's price direction in advance. Along with the technical and fundamental analysis of Cargojet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cargojet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.05) | |||
Total Risk Alpha | (0.37) | |||
Treynor Ratio | 0.3253 |
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Other Information on Investing in Cargojet Stock
Cargojet financial ratios help investors to determine whether Cargojet Stock 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.