Fortress Transportation Correlations

FTAIN Stock

USD 25.40 0.06 0.24%

The current 90-days correlation between Fortress Transportation and Sun Country Airlines is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortress Transportation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortress Transportation and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fortress Transportation Correlation With Market

Modest diversification

The correlation between Fortress Transportation and and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortress Transportation and and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fortress Stock

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

Moving together with Fortress Stock

0.84	R	Ryder System	Pair Corr
0.92	AL	Air Lease	Pair Corr
0.89	AER	AerCap Holdings NV	Pair Corr
0.69	CAR	Avis Budget Group	Pair Corr
0.76	FTAI	Fortress Transp Infra	Pair Corr
0.88	PRG	PROG Holdings	Pair Corr
0.9	URI	United Rentals	Pair Corr
0.83	WSC	Willscot Mobile Mini	Pair Corr
0.83	FTAIM	FTAI Aviation	Pair Corr
0.87	MGRC	McGrath RentCorp	Pair Corr
0.61	TRTN-PE	Triton International	Pair Corr
0.68	TRTN-PA	Triton International	Pair Corr
0.7	ALTG	Alta Equipment Group	Pair Corr
0.61	ALTG-PA	Alta Equipment Group	Pair Corr
0.83	CTOS	Custom Truck One	Pair Corr
0.82	J	Jacobs Solutions	Pair Corr
0.75	AP	Ampco Pittsburgh	Pair Corr
0.71	AZ	A2Z Smart Technologies	Pair Corr
0.9	BA	Boeing Aggressive Push	Pair Corr
0.65	BR	Broadridge Financial	Pair Corr
0.88	BV	BrightView Holdings	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.84	CP	Canadian Pacific Railway	Pair Corr

Moving against Fortress Stock

0.65	VSTS	Vestis	Pair Corr
0.41	ZCAR	Zoomcar Holdings	Pair Corr
0.41	ZCARW	Zoomcar Holdings	Pair Corr
0.33	MWG	Multi Ways Holdings	Pair Corr
0.61	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	HIHO	SNCY	CTYMF	USGO	MARIF	JBLU	VLRS	CHMN
HIHO		0.71	0.23	-0.21	0.14	0.79	0.12	0.0	HIHO
SNCY	0.71		0.05	-0.41	0.33	0.78	0.26	0.0	SNCY
CTYMF	0.23	0.05		0.39	-0.07	0.24	-0.07	0.0	CTYMF
USGO	-0.21	-0.41	0.39		-0.46	-0.25	-0.28	0.0	USGO
MARIF	0.14	0.33	-0.07	-0.46		-0.01	0.16	0.0	MARIF
JBLU	0.79	0.78	0.24	-0.25	-0.01		0.09	0.0	JBLU
VLRS	0.12	0.26	-0.07	-0.28	0.16	0.09		0.0	VLRS
CHMN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CHMN
	HIHO	SNCY	CTYMF	USGO	MARIF	JBLU	VLRS	CHMN

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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

JBLU	+ 0.79	HIHO
JBLU	+ 0.78	SNCY
SNCY	+ 0.71	HIHO
USGO	+ 0.39	CTYMF
MARIF	+ 0.33	SNCY
VLRS	+ 0.26	SNCY

High negative correlations

MARIF	- 0.46	USGO
USGO	- 0.41	SNCY
VLRS	- 0.28	USGO
JBLU	- 0.25	USGO
USGO	- 0.21	HIHO
VLRS	- 0.07	CTYMF

Risk-Adjusted Indicators

There is a big difference between Fortress Stock performing well and Fortress Transportation 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 Transportation'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
HIHO	1.91	(0.08)	0.00	0.26	0.00	0.00	4.79	(4.62)	15.64
SNCY	3.50	0.13	(0.01)	(0.12)	4.40	(4.21)	7.16	(7.55)	32.42
CTYMF	3.12	0.29	0.03	(2.53)	3.77	(4.57)	6.06	(8.16)	27.56
USGO	2.98	(0.01)	0.00	0.13	0.00	0.00	6.51	(4.87)	19.31
MARIF	2.57	0.98	0.25	2.36	1.63	(5.26)	6.05	(3.90)	20.21
JBLU	3.81	(0.04)	0.00	0.18	0.00	0.00	7.40	(7.88)	33.15
VLRS	2.74	(0.06)	0.00	0.26	0.00	0.00	3.94	(7.43)	24.59
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Fortress Transportation Corporate Management

Kevin Krieger	Secretary	Profile
BoHee Yoon	General Secretary	Profile
David Moreno	Chief Officer	Profile
Joseph Adams	Chairman CEO	Profile
Eun Nam	CFO Officer	Profile
Alan JD	Investor Relations	Profile

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