Corporate Jet Management Distraction Short
In plain terms
Months when a company's corporate jet flies way more than usual (z >= 2 over 2 years) signal distracted management — short for the next quarter.
How it works
Yermack 2014 showed excess CEO travel is associated with weaker operating performance. We generalize beyond vacations: monthly total corp-jet activity z >= +2 vs own 24mo baseline signals management distraction (heavy travel cycles, executive turnover, M&A negotiations).
Data dependencies
- Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.
- Corporate jet flights
Corporate-jet flight history derived from OpenSky/ADSB sources and mapped to tickers.
Expected edge
- Reported return
- 100-300 bps
- Tested over
- T+1 to T+90d
100-300 bps over 60-90d.
Example tickers where this is likely to fire
Illustrative only, the signal fires based on the live data, not a fixed list.
Related families
When a regulated company's corporate jet starts flying to Washington DC more often than usual, a policy or regulatory tailwind is being engineered behind the scenes. We buy that company for one to three months.
If multiple companies' corporate jets land at the same airport within 48 hours and yours is one of them, an M&A is likely brewing. We buy the target's stock and hold for two to four weeks.
When a corporate jet flies multiple times over a weekend or holiday, something urgent is happening — go long the short event window.
Explore Corporate Jet Management Distraction Short on alphactor.ai
See which tickers this family is currently firing on, with live signals and rankings.