JetAI Correlations
| JTAI Stock | 1.57 0.18 10.29% |
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
Very weak diversification
The correlation between JetAI Inc and DJI is 0.56 (i.e., Very weak 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.
Moving together with JetAI Stock
| 0.88 | UP | Wheels Up Experience | PairCorr |
| 0.89 | QAN | Qantas Airways | PairCorr |
| 0.86 | FLYX | flyExclusive, | PairCorr |
| 0.79 | ALK | Alaska Air Group | PairCorr |
| 0.63 | UAL | United Airlines Holdings | PairCorr |
| 0.9 | UHAL-B | U Haul Holding | PairCorr |
| 0.72 | AQZ | Alliance Aviation | PairCorr |
| 0.86 | JBLU | JetBlue Airways Corp Aggressive Push | PairCorr |
| 0.62 | WIZZ | Wizz Air Holdings | PairCorr |
| 0.8 | SRFM | Surf Air Mobility | PairCorr |
Moving against JetAI Stock
| 0.9 | 600115 | China Eastern Airlines | PairCorr |
| 0.89 | 600029 | China Southern Airlines | PairCorr |
| 0.62 | 601021 | Spring Airlines | PairCorr |
| 0.45 | AAL | American Airlines Aggressive Push | PairCorr |
| 0.44 | INDIGO | InterGlobe Aviation | PairCorr |
| 0.38 | CPA | Copa Holdings SA | PairCorr |
| 0.33 | EZJ | EasyJet PLC | PairCorr |
| 0.76 | RYAAY | Ryanair Holdings PLC | PairCorr |
| 0.74 | 002928 | China Express Airlines | PairCorr |
| 0.73 | EIF | Exchange Income | PairCorr |
| 0.71 | MESA | Mesa Air Group Symbol Change | PairCorr |
| 0.71 | ERHE | ERHC Energy | PairCorr |
| 0.7 | 600221 | Hainan Airlines | PairCorr |
| 0.67 | 601111 | Air China | PairCorr |
| 0.59 | RYDE | Ryde Group | PairCorr |
| 0.51 | ALGT | Allegiant Travel | PairCorr |
Related Correlations Analysis
| 0.05 | 0.0 | 0.0 | 0.37 | 0.0 | 0.0 | WM | ||
| 0.05 | 0.0 | 0.0 | 0.39 | 0.0 | 0.0 | IPM | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 1.0 | PUMD | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CRRVF | ||
| 0.37 | 0.39 | 0.0 | 0.0 | 0.0 | 0.0 | SCSC | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | ERMG | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | EVARF | ||
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WM | 0.90 | (0.06) | 0.00 | (0.62) | 0.00 | 1.99 | 5.78 | |||
| IPM | 2.33 | (0.08) | 0.00 | (0.03) | 0.00 | 3.50 | 32.63 | |||
| PUMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRRVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SCSC | 1.37 | (0.12) | 0.00 | (2.71) | 0.00 | 2.31 | 9.57 | |||
| ERMG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EVARF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.