Marten Transport Correlations

MRTN Stock

USD 17.28 0.03 0.17%

The current 90-days correlation between Marten Transport and Werner Enterprises is 0.81 (i.e., Very 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

Poor diversification

The correlation between Marten Transport and DJI is 0.64 (i.e., Poor 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marten Transport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.

Moving together with Marten Stock

0.73

TFII

TFI International

Pair Corr

Moving against Marten Stock

0.39	ULCC	Frontier Group Holdings	Pair Corr
0.36	B	Barnes Group	Pair Corr
0.33	CPA	Copa Holdings SA	Pair Corr
0.32	JBLU	JetBlue Airways Corp	Pair Corr
0.48	HY	Hyster Yale Materials	Pair Corr
0.44	OP	Oceanpal	Pair Corr
0.39	EH	Ehang Holdings	Pair Corr
0.36	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	WERN	CVLG	ULH	SNDR	HTLD	PATI	KNX
WERN		0.83	0.86	0.93	0.48	-0.64	0.96	WERN
CVLG	0.83		0.8	0.85	0.65	-0.56	0.8	CVLG
ULH	0.86	0.8		0.88	0.45	-0.7	0.84	ULH
SNDR	0.93	0.85	0.88		0.45	-0.74	0.96	SNDR
HTLD	0.48	0.65	0.45	0.45		0.04	0.49	HTLD
PATI	-0.64	-0.56	-0.7	-0.74	0.04		-0.63	PATI
KNX	0.96	0.8	0.84	0.96	0.49	-0.63		KNX
	WERN	CVLG	ULH	SNDR	HTLD	PATI	KNX

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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

KNX	+ 0.96	WERN
KNX	+ 0.96	SNDR
SNDR	+ 0.93	WERN
SNDR	+ 0.88	ULH
ULH	+ 0.86	WERN
SNDR	+ 0.85	CVLG

High negative correlations

PATI	- 0.74	SNDR
PATI	- 0.7	ULH
PATI	- 0.64	WERN
KNX	- 0.63	PATI
PATI	- 0.56	CVLG

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	1.32	0.00	0.03	0.11	1.31	(1.44)	2.80	(2.37)	10.67
CVLG	1.37	0.17	0.04	3.54	1.31	(1.51)	2.96	(2.30)	12.53
ULH	2.11	0.11	0.10	0.16	2.49	(2.36)	4.21	(2.97)	17.47
SNDR	1.15	0.21	0.17	0.32	1.01	(1.30)	3.15	(1.69)	6.88
HTLD	1.26	(0.10)	(0.03)	0.05	1.50	(1.42)	2.38	(2.46)	10.96
PATI	1.41	(0.27)	0.00	(0.50)	0.00	0.00	2.68	(2.71)	8.77
KNX	1.47	0.07	0.06	0.17	1.59	(1.56)	3.55	(2.98)	11.16

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

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