FTAI Aviation Correlations

FTAIM Preferred Stock

26.74 0.24 0.91%

The current 90-days correlation between FTAI Aviation and SL Green Realty is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FTAI Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FTAI Aviation Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FTAI Aviation Correlation With Market

Modest diversification

The correlation between FTAI Aviation Ltd and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Aviation Ltd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FTAI Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FTAI Aviation 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 FTAI Aviation - 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 FTAI Aviation Ltd to buy it.

Moving together with FTAI Preferred Stock

0.71	R	Ryder System Earnings Call This Week	Pair Corr
0.9	AL	Air Lease	Pair Corr
0.89	AER	AerCap Holdings NV	Pair Corr
0.74	CAR	Avis Budget Group	Pair Corr
0.78	FTAI	Fortress Transp Infra Earnings Call This Week	Pair Corr
0.82	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.72	GATX	GATX	Pair Corr
0.8	URI	United Rentals Earnings Call This Week	Pair Corr
0.68	WSC	Willscot Mobile Mini	Pair Corr
0.79	FTAIN	Fortress Transportation Earnings Call This Week	Pair Corr
0.83	MGRC	McGrath RentCorp Earnings Call This Week	Pair Corr
0.63	TRTN-PC	Triton International	Pair Corr
0.64	TRTN-PD	Triton International	Pair Corr
0.73	TRTN-PA	Triton International	Pair Corr
0.66	TRTN-PB	Triton International	Pair Corr
0.67	ALTG	Alta Equipment Group	Pair Corr
0.75	CTOS	Custom Truck One	Pair Corr
0.76	J	Jacobs Solutions	Pair Corr
0.85	AP	Ampco Pittsburgh	Pair Corr
0.8	AZ	A2Z Smart Technologies	Pair Corr
0.82	BA	Boeing	Pair Corr
0.68	BE	Bloom Energy Corp	Pair Corr
0.79	BV	BrightView Holdings	Pair Corr
0.83	BW	Babcock Wilcox Enter	Pair Corr
0.81	CP	Canadian Pacific Railway	Pair Corr

Moving against FTAI Preferred Stock

0.81	VSTS	Vestis	Pair Corr
0.48	MWG	Multi Ways Holdings	Pair Corr
0.72	G	Genpact Limited	Pair Corr
0.47	ZCARW	Zoomcar Holdings	Pair Corr
0.53	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	SLG	EVOH	ASR	ISRG	JBGS	SKX
SLG		-0.04	0.62	0.23	0.91	0.75	SLG
EVOH	-0.04		-0.04	0.05	-0.13	-0.08	EVOH
ASR	0.62	-0.04		0.81	0.66	0.83	ASR
ISRG	0.23	0.05	0.81		0.31	0.63	ISRG
JBGS	0.91	-0.13	0.66	0.31		0.82	JBGS
SKX	0.75	-0.08	0.83	0.63	0.82		SKX
	SLG	EVOH	ASR	ISRG	JBGS	SKX

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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

JBGS	+ 0.91	SLG
SKX	+ 0.83	ASR
SKX	+ 0.82	JBGS
ISRG	+ 0.81	ASR
SKX	+ 0.75	SLG
JBGS	+ 0.66	ASR

High negative correlations

JBGS	- 0.13	EVOH
SKX	- 0.08	EVOH
ASR	- 0.04	EVOH
EVOH	- 0.04	SLG

Risk-Adjusted Indicators

There is a big difference between FTAI Preferred Stock performing well and FTAI Aviation 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 FTAI Aviation'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
SLG	1.58	0.10	0.06	0.21	2.01	(1.68)	3.71	(4.08)	11.18
EVOH	2.88	(1.58)	0.00	(1.88)	0.00	0.00	0.00	0.00	0.00
ASR	1.27	0.25	0.10	2.31	1.05	(1.48)	3.18	(1.89)	8.98
ISRG	1.03	(0.05)	(0.03)	0.08	1.44	(1.07)	2.37	(1.81)	10.20
JBGS	1.50	0.18	0.09	0.40	1.37	(1.76)	3.76	(2.78)	7.70
SKX	1.14	0.36	0.21	1.05	0.66	(1.31)	2.67	(1.78)	24.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in FTAI Aviation 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.

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