Ryder System Correlations
| R Stock | USD 122.43 0.24 0.20% |
The correlation of Ryder System 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ryder System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ryder System moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Ryder System and NYA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ryder System and NYA in the same portfolio, assuming nothing else is changed.
Ryder |
The ability to find closely correlated positions to Ryder System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ryder System when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ryder System - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ryder System to buy it.
Related Correlations Analysis
| -0.39 | 0.43 | -0.69 | -0.73 | AAN | ||
| -0.39 | -0.07 | 0.68 | 0.71 | PRG | ||
| 0.43 | -0.07 | -0.25 | -0.53 | MGRC | ||
| -0.69 | 0.68 | -0.25 | 0.81 | TRTN-PB | ||
| -0.73 | 0.71 | -0.53 | 0.81 | AL | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ryder Stock performing well and Ryder System 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 Ryder System'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AAN | 2.21 | (0.58) | 0.00 | (0.28) | 0.00 | 3.82 | 22.32 | |||
| PRG | 1.95 | 0.19 | 0.06 | 0.27 | 2.76 | 3.73 | 13.89 | |||
| MGRC | 0.84 | (0.12) | 0.00 | (0.08) | 0.00 | 1.37 | 13.21 | |||
| TRTN-PB | 0.35 | 0.01 | (0.12) | 0.11 | 0.41 | 0.73 | 2.00 | |||
| AL | 1.18 | 0.32 | 0.15 | 2.35 | 1.37 | 2.86 | 7.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ryder System without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Ryder System Corporate Directors
Ryder System corporate directors refer to members of a Ryder System board of directors. The board of directors generally takes responsibility for the Ryder System's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ryder System's board members must vote for the resolution. The Ryder System board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michael Hilton | Independent Director | Profile | |
| Dmitri Stockton | Independent Director | Profile | |
| Abbie Smith | Independent Director | Profile | |
| John Berra | Independent Director | Profile |
Already Invested in Ryder System?
The danger of trading Ryder System is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ryder System is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ryder System. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ryder System is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ryder System is a strong investment it is important to analyze Ryder System's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ryder System's future performance. For an informed investment choice regarding Ryder Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryder System. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Ryder Stock, please use our How to Invest in Ryder System guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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When running Ryder System's price analysis, check to measure Ryder System's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ryder System is operating at the current time. Most of Ryder System's value examination focuses on studying past and present price action to predict the probability of Ryder System's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ryder System's price. Additionally, you may evaluate how the addition of Ryder System to your portfolios can decrease your overall portfolio volatility.
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Is Ryder System's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ryder System. If investors know Ryder will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ryder System listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 2.75 | Earnings Share 8.74 | Revenue Per Share 266.522 | Quarterly Revenue Growth 0.049 |
The market value of Ryder System is measured differently than its book value, which is the value of Ryder that is recorded on the company's balance sheet. Investors also form their own opinion of Ryder System's value that differs from its market value or its book value, called intrinsic value, which is Ryder System's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ryder System's market value can be influenced by many factors that don't directly affect Ryder System's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ryder System's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryder System is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryder System's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.