New Fortress Correlations

Stocks . USA . 
Stock . New Fortress Energy
NFE Stock  USD 4.57  0.07  1.56%   
The current 90-days correlation between New Fortress Energy and FLEX LNG is 0.13 (i.e., Average diversification). The correlation of New Fortress 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.

New Fortress Correlation With Market

Modest diversification

The correlation between New Fortress Energy and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Fortress Energy and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with New Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Fortress Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with New Stock

  0.62SMC Summit Midstream Symbol ChangePairCorr

Moving against New Stock

  0.73DTM DT MidstreamPairCorr
  0.7GLP Global Partners LPPairCorr
  0.68GEL Genesis Energy LPPairCorr
  0.67TK TeekayPairCorr
  0.67DHT DHT HoldingsPairCorr
  0.66VG Venture Global,PairCorr
  0.65ET Energy Transfer LPPairCorr
  0.64AM Antero Midstream PartnersPairCorr
  0.62EE Excelerate EnergyPairCorr
  0.58IMPPP Imperial PetroleumPairCorr
  0.53FRO FrontlinePairCorr
  0.5DLNG Dynagas LNG PartnersPairCorr
  0.47EPD Enterprise Products Earnings Call This WeekPairCorr
  0.31FLNG FLEX LNGPairCorr
  0.66NAT Nordic American TankersPairCorr
  0.65KMI Kinder MorganPairCorr
  0.61NGL NGL Energy PartnersPairCorr
  0.61PBT Permian Basin RoyaltyPairCorr
  0.58GLOP-PC GasLog Partners LPPairCorr
  0.54GLOP-PB GasLog Partners LPPairCorr
  0.54TEN Tsakos Energy NavigationPairCorr
  0.5GLOP-PA GasLog Partners LPPairCorr
  0.45TNK Teekay TankersPairCorr
  0.36LPG Dorian LPGPairCorr
  0.32LNG Cheniere EnergyPairCorr
  0.67MPLX MPLX LPPairCorr
  0.6IMPP Imperial PetroleumPairCorr
  0.56SEAL-PB Seapeak LLCPairCorr
  0.54WMB Williams CompaniesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New Fortress 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 New Fortress' 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.

New Fortress Corporate Management

Sam AbdallaHead DevelopmentProfile
Michael LoweChief OfficerProfile
Kenneth NicholsonExecutive OfficerProfile
Cameron EsqSecretaryProfile
Christopher GuintaChief OfficerProfile
Wesley EdensChairman FounderProfile
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