AIRTP, NGM

Air T, Inc. (AIRTP)

Price (as of October 24)

22.3999USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

XPO

XPO Logistics, Inc.

-0.06

RLGT

Radiant Logistics, Inc.

-0.06

SGLY

Singularity Future Technology Ltd.

-0.05

CYRX

Cryoport, Inc.

-0.05

RMG.L

Royal Mail plc

-0.03

JBHT

J.B. Hunt Transport Services, Inc.

-0.02

HUBG

Hub Group, Inc.

-0.01

DPW.DE

Deutsche Post AG

0

LSTR

Landstar System, Inc.

0

FDX

FedEx Corporation

0.01

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Highest within Industry

Symbol Correlation

PBI

Pitney Bowes Inc.

0.07

AIRT

Air T, Inc.

0.06

GXO

GXO Logistics, Inc.

0.05

CHRW

C.H. Robinson Worldwide, Inc.

0.04

EXPD

Expeditors International of Washington, Inc.

0.04

UPS

United Parcel Service, Inc.

0.02

ZTO

ZTO Express (Cayman) Inc.

0.02

FWRD

Forward Air Corporation

0.02

FDX

FedEx Corporation

0.01

LSTR

Landstar System, Inc.

0

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Profile

Sector:
Industrials
Industry:
Integrated Freight & Logistics

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company’s Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.