Real-World & Alternative DataExtended setInvalidNew
Corporate Jet Destinations
Updated dailyData needs: highlong only
paper
2023
Source
Bao, J., Edmans, A. (2023). "Do CEOs Travel for Acquisitions?" Review of Financial Studies.
Read the paper →
In plain terms
Corporate jet flies to unusual city → possible M&A coming.
How it works
FAA-registered corporate jet visits unusual airport (not in baseline 5y top-3) → M&A rumor signal.
Live results
0 times picked on its own · 1 times inside a blend (1 beat the stock) · updated 2026-07-06This strategy is a frequent ingredient in blends that combine a few strategies on one stock. It has contributed to 1 such blended picks (1 of which beat simply holding the stock). Picking it on its own is only one of the ways it shows up.
How its picks scored vs. buy & hold
Each pick is graded on a recent year it was never tuned on, against simply owning the same stock
Where its edge concentrates
Share of picks in each company-size group that beat buy & hold
How often it trades
Active vs. patient. Bars on the left mean it waits for rare setups; bars on the right mean it trades often
Return vs. buy & hold
How much each pick beat or trailed simply owning the stock over the test year (extreme microcap moves trimmed)
Loading substrate evidence…
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.
- Corporate jets lookup
A data feed this strategy reads, refreshed on its normal schedule.
Expected edge
- Reported return
- +1% to +3% leak
- Tested over
- T+0 to T+30d
event-study; +1% to +3% on M&A leak signal.
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 Destinations on alphactor.ai
See which tickers this family is currently firing on, with live signals and rankings.