Fortress Transp Correlations

FTAI Stock

USD 113.59 2.06 1.78%

The correlation of Fortress Transp 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Fortress Transp Correlation With Market

Weak diversification

The correlation between Fortress Transp Infra and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortress Transp Infra and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transp Infra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Fortress Stock

0.8	AL	Air Lease	Pair Corr
0.84	AER	AerCap Holdings NV	Pair Corr
0.68	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.78	FTAIM	FTAI Aviation Earnings Call This Week	Pair Corr
0.64	MGRC	McGrath RentCorp Earnings Call This Week	Pair Corr
0.78	AP	Ampco Pittsburgh	Pair Corr
0.64	BA	Boeing	Pair Corr
0.79	BV	BrightView Holdings	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr

Moving against Fortress Stock

0.73	VSTS	Vestis	Pair Corr
0.42	MWG	Multi Ways Holdings	Pair Corr
0.79	G	Genpact Limited	Pair Corr
0.67	ZCAR	Zoomcar Holdings	Pair Corr
0.5	ZCARW	Zoomcar Holdings	Pair Corr
0.37	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	GATX	ALTG	MGRC	CTOS	GMRE	AROC	RPT
GATX		0.83	0.73	0.71	-0.23	0.5	-0.19	GATX
ALTG	0.83		0.79	0.88	-0.06	0.31	0.01	ALTG
MGRC	0.73	0.79		0.81	-0.4	0.4	0.17	MGRC
CTOS	0.71	0.88	0.81		-0.18	0.21	0.19	CTOS
GMRE	-0.23	-0.06	-0.4	-0.18		-0.48	0.18	GMRE
AROC	0.5	0.31	0.4	0.21	-0.48		-0.47	AROC
RPT	-0.19	0.01	0.17	0.19	0.18	-0.47		RPT
	GATX	ALTG	MGRC	CTOS	GMRE	AROC	RPT

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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

CTOS	+ 0.88	ALTG
ALTG	+ 0.83	GATX
CTOS	+ 0.81	MGRC
MGRC	+ 0.79	ALTG
MGRC	+ 0.73	GATX
CTOS	+ 0.71	GATX

High negative correlations

AROC	- 0.48	GMRE
RPT	- 0.47	AROC
GMRE	- 0.4	MGRC
GMRE	- 0.23	GATX
RPT	- 0.19	GATX
GMRE	- 0.18	CTOS

Risk-Adjusted Indicators

There is a big difference between Fortress Stock performing well and Fortress Transp 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 Fortress Transp'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
GATX	1.06	0.11	(0.03)	(0.46)	1.31	(1.07)	2.02	(1.79)	11.39
ALTG	3.38	0.96	0.27	251.56	2.52	(4.04)	8.33	(4.66)	23.70
MGRC	1.27	(0.01)	(0.01)	0.12	1.34	(1.35)	2.35	(2.51)	6.36
CTOS	2.43	0.92	0.30	(1.36)	1.93	(3.17)	7.04	(4.17)	16.82
GMRE	1.27	(0.06)	(0.04)	0.05	2.22	(1.27)	2.64	(2.06)	12.27
AROC	1.96	(0.04)	0.00	0.52	0.00	0.00	2.96	(5.02)	17.14
RPT	1.57	0.01	0.01	0.14	1.65	(1.83)	3.65	(2.72)	10.00

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