JetAI Correlations

JTAI Stock

3.82 0.07 1.80%

The current 90-days correlation between JetAI Inc and A2Z Smart Technologies is -0.1 (i.e., Good diversification). The correlation of JetAI 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.

JetAI Correlation With Market

Average diversification

The correlation between JetAI Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JetAI Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with JetAI Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JetAI Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with JetAI Stock

0.62	VBIX	Viewbix Common Stock	Pair Corr
0.62	DOCU	DocuSign Sell-off Trend	Pair Corr

Moving against JetAI Stock

0.58	VS	Versus Systems	Pair Corr
0.51	AZ	A2Z Smart Technologies	Pair Corr
0.51	DOMO	Domo Inc Tech Boost	Pair Corr
0.5	YB	Yuanbao American Dep	Pair Corr
0.39	AMODW	Alpha Modus Holdings, Symbol Change	Pair Corr
0.37	VTSI	VirTra Inc	Pair Corr
0.34	U	Unity Software Aggressive Push	Pair Corr
0.31	DT	Dynatrace Holdings LLC	Pair Corr
0.6	DHX	DHI Group	Pair Corr
0.59	EGAN	eGain	Pair Corr
0.5	DBD	Diebold Nixdorf,	Pair Corr
0.47	BSY	Bentley Systems	Pair Corr
0.44	CYN	Cyngn Inc	Pair Corr
0.41	ETWO	E2open Parent Holdings	Pair Corr
0.35	BMR	Beamr Imaging Tech Boost	Pair Corr
0.33	ELWS	Earlyworks Co,	Pair Corr

Related Correlations Analysis

	U	DJCO	AZ	BL	DT	DV	PD	QH	VS	WK
U		0.15	0.75	0.56	0.49	0.74	-0.28	0.23	0.8	-0.23	U
DJCO	0.15		0.37	0.75	0.74	0.46	0.26	-0.56	-0.03	-0.26	DJCO
AZ	0.75	0.37		0.74	0.71	0.77	-0.27	-0.14	0.78	-0.42	AZ
BL	0.56	0.75	0.74		0.95	0.83	0.08	-0.56	0.41	-0.26	BL
DT	0.49	0.74	0.71	0.95		0.79	0.04	-0.62	0.38	-0.28	DT
DV	0.74	0.46	0.77	0.83	0.79		0.02	-0.22	0.66	-0.19	DV
PD	-0.28	0.26	-0.27	0.08	0.04	0.02		-0.2	-0.35	0.53	PD
QH	0.23	-0.56	-0.14	-0.56	-0.62	-0.22	-0.2		0.25	0.09	QH
VS	0.8	-0.03	0.78	0.41	0.38	0.66	-0.35	0.25		-0.28	VS
WK	-0.23	-0.26	-0.42	-0.26	-0.28	-0.19	0.53	0.09	-0.28		WK
	U	DJCO	AZ	BL	DT	DV	PD	QH	VS	WK

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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

DT	+ 0.95	BL
DV	+ 0.83	BL
VS	+ 0.8	U
DV	+ 0.79	DT
VS	+ 0.78	AZ
DV	+ 0.77	AZ

High negative correlations

QH	- 0.62	DT
QH	- 0.56	BL
QH	- 0.56	DJCO
WK	- 0.42	AZ
VS	- 0.35	PD
WK	- 0.28	VS

Risk-Adjusted Indicators

There is a big difference between JetAI Stock performing well and JetAI 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 JetAI'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
U	3.02	1.27	0.34	(1.23)	2.13	(3.58)	7.62	(5.08)	17.80
DJCO	1.75	(0.06)	(0.03)	0.07	2.34	(1.77)	3.70	(3.10)	13.17
AZ	3.01	0.61	0.12	(21.35)	3.52	(3.36)	6.92	(5.71)	25.15
BL	1.39	0.32	0.12	(9.85)	1.26	(1.66)	3.28	(2.27)	12.83
DT	1.26	0.19	0.10	0.37	1.31	(1.43)	3.42	(2.16)	11.91
DV	1.67	0.24	0.11	0.34	1.92	(1.78)	3.78	(3.55)	11.90
PD	1.91	(0.27)	0.00	(0.04)	0.00	0.00	4.12	(4.07)	16.46
QH	2.76	0.34	0.04	(0.46)	3.10	(3.41)	7.44	(5.56)	15.13
VS	3.29	0.36	0.08	0.45	4.02	(4.02)	10.19	(5.91)	34.09
WK	1.63	(0.02)	0.00	0.62	0.00	0.00	4.00	(2.99)	13.78

JetAI Corporate Executives

Elected by the shareholders, the JetAI's board of directors comprises two types of representatives: JetAI inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JetAI. The board's role is to monitor JetAI's management team and ensure that shareholders' interests are well served. JetAI's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, JetAI's outside directors are responsible for providing unbiased perspectives on the board's policies.

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