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Corporate Jet Weekend Burst Event

Updated eventData needs: mediumlong only
paper
2014
Source
Yermack, D. (2014). "Tailspotting: Identifying and profiting from CEO vacation trips." Review of Financial Studies, 27(3), 809-848.
Read the paper →

In plain terms

When a corporate jet flies multiple times over a weekend or holiday, something urgent is happening — go long the short event window.

How it works

Routine corporate jet usage is Mon-Fri business hours. Weekend/US-holiday clusters (>=2 flights in 7d) are anomalous and signal urgency (board meetings, regulatory briefings, M&A negotiations, executive scenarios). Event-window long-vol on the resolution.

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.
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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
50-200 bps
Tested over
T+1 to T+10d

50-200 bps over 5-10d.

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

Explore Corporate Jet Weekend Burst Event on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more