Marten Transport Correlations
| MRTN Stock | USD 13.80 0.08 0.58% |
The current 90-days correlation between Marten Transport and Werner Enterprises is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Marten Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marten Transport moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Marten Transport Correlation With Market
Good diversification
The correlation between Marten Transport and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marten Transport and DJI in the same portfolio, assuming nothing else is changed.
Marten |
Moving together with Marten Stock
| 0.92 | VLRS | Volaris | PairCorr |
| 0.98 | WERN | Werner Enterprises | PairCorr |
| 0.93 | AAL | American Airlines | PairCorr |
| 0.68 | ALK | Alaska Air Group | PairCorr |
| 0.78 | CNI | Canadian National Railway | PairCorr |
| 0.85 | CSX | CSX Corporation | PairCorr |
| 0.86 | DAL | Delta Air Lines Earnings Call This Week | PairCorr |
| 0.91 | KNX | Knight Transportation | PairCorr |
| 0.82 | RXO | RXO Inc | PairCorr |
| 0.87 | UAL | United Airlines Holdings | PairCorr |
| 0.86 | ULH | Universal Logistics | PairCorr |
| 0.73 | XPO | XPO Logistics | PairCorr |
| 0.91 | HTLD | Heartland Express | PairCorr |
| 0.86 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.91 | MESA | Mesa Air Group | PairCorr |
| 0.66 | ODFL | Old Dominion Freight | PairCorr |
| 0.77 | PAMT | PAMT P Symbol Change | PairCorr |
| 0.84 | AIRT | Air T Inc | PairCorr |
| 0.95 | ALGT | Allegiant Travel | PairCorr |
| 0.9 | SAIA | Saia Inc | PairCorr |
| 0.95 | ARCB | ArcBest Corp | PairCorr |
| 0.81 | SKYW | SkyWest | PairCorr |
| 0.95 | SNDR | Schneider National | PairCorr |
| 0.67 | SNCY | Sun Country Airlines | PairCorr |
| 0.67 | AZUL | Azul SA | PairCorr |
| 0.91 | TFII | TFI International | PairCorr |
Moving against Marten Stock
| 0.74 | LTM | LATAM Airlines Group | PairCorr |
| 0.57 | CPA | Copa Holdings SA | PairCorr |
| 0.72 | ATSG | Air Transport Services | PairCorr |
| 0.45 | RYAAY | Ryanair Holdings PLC | PairCorr |
| 0.39 | ATCOL | Atlas Corp | PairCorr |
| 0.54 | G | Genpact Limited Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.47 | 0.86 | 0.98 | 0.94 | 0.0 | 0.96 | WERN | ||
| 0.47 | 0.56 | 0.48 | 0.43 | 0.0 | 0.36 | CVLG | ||
| 0.86 | 0.56 | 0.87 | 0.79 | 0.0 | 0.79 | ULH | ||
| 0.98 | 0.48 | 0.87 | 0.94 | 0.0 | 0.96 | SNDR | ||
| 0.94 | 0.43 | 0.79 | 0.94 | 0.0 | 0.95 | HTLD | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PATI | ||
| 0.96 | 0.36 | 0.79 | 0.96 | 0.95 | 0.0 | KNX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Marten Stock performing well and Marten Transport 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 Marten Transport'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WERN | 1.27 | (0.30) | 0.00 | (45.92) | 0.00 | 2.35 | 8.47 | |||
| CVLG | 2.37 | (0.94) | 0.00 | (0.65) | 0.00 | 2.70 | 51.25 | |||
| ULH | 2.31 | (0.84) | 0.00 | 1.46 | 0.00 | 3.82 | 22.95 | |||
| SNDR | 1.23 | (0.38) | 0.00 | 1.21 | 0.00 | 2.27 | 7.76 | |||
| HTLD | 1.46 | (0.24) | 0.00 | (0.31) | 0.00 | 2.65 | 8.35 | |||
| PATI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KNX | 1.37 | (0.30) | 0.00 | 1.24 | 0.00 | 2.97 | 8.09 |
Marten Transport Corporate Executives
Elected by the shareholders, the Marten Transport's board of directors comprises two types of representatives: Marten Transport inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marten. The board's role is to monitor Marten Transport's management team and ensure that shareholders' interests are well served. Marten Transport'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, Marten Transport's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James CPA | Executive CFO | Profile | |
| James Hinnendael | CFO, Principal Accounting Officer and Executive VP | Profile | |
| Adam Phillips | Executive COO | Profile | |
| Randall Baier | Executive CTO | Profile |