FTAI Infrastructure Correlations

FIP Stock

USD 5.30 0.02 0.38%

The current 90-days correlation between FTAI Infrastructure and Steel Partners Holdings is -0.1 (i.e., Good diversification). The correlation of FTAI Infrastructure 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FTAI Infrastructure Correlation With Market

Average diversification

The correlation between FTAI Infrastructure and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FTAI Infrastructure. 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.

To learn how to invest in FTAI Stock, please use our How to Invest in FTAI Infrastructure guide.

Moving together with FTAI Stock

0.74	FSTR	LB Foster	Pair Corr
0.87	MPU	Mega Matrix Corp	Pair Corr
0.67	WAB	Westinghouse Air Brake	Pair Corr
0.61	SLDP	Solid Power	Pair Corr
0.83	J	Jacobs Solutions	Pair Corr
0.9	BV	BrightView Holdings	Pair Corr
0.91	BW	Babcock Wilcox Enter	Pair Corr
0.82	CW	Curtiss Wright	Pair Corr
0.74	DY	Dycom Industries	Pair Corr
0.75	FA	First Advantage Corp	Pair Corr
0.91	GP	GreenPower Motor	Pair Corr
0.66	HI	Hillenbrand	Pair Corr
0.68	HY	Hyster Yale Materials	Pair Corr
0.82	IR	Ingersoll Rand	Pair Corr
0.73	KE	Kimball Electronics	Pair Corr
0.91	OP	Oceanpal	Pair Corr

Moving against FTAI Stock

0.66	G	Genpact Limited	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.36	BBU	Brookfield Business	Pair Corr
0.8	EH	Ehang Holdings	Pair Corr
0.78	LZ	LegalZoom	Pair Corr
0.77	KC	Kingsoft Cloud Holdings	Pair Corr
0.68	DE	Deere Company	Pair Corr
0.61	GE	GE Aerospace	Pair Corr
0.8	DMYY	dMY Squared Technology	Pair Corr
0.78	SB	Safe Bulkers	Pair Corr
0.77	WM	Waste Management	Pair Corr
0.77	VACH	Voyager Acquisition Corp	Pair Corr

Related Correlations Analysis

	SPLP	BBU	GFF	TRC	CODI	RCMT	NNBR	MATW	VMI	SPLP-PA
SPLP		0.27	-0.19	-0.29	0.38	0.39	0.2	0.04	-0.24	-0.32	SPLP
BBU	0.27		-0.11	-0.22	-0.07	-0.05	0.15	-0.51	0.43	0.32	BBU
GFF	-0.19	-0.11		0.26	0.29	0.35	0.46	0.53	0.33	-0.29	GFF
TRC	-0.29	-0.22	0.26		-0.39	-0.26	-0.26	-0.09	0.14	0.27	TRC
CODI	0.38	-0.07	0.29	-0.39		0.89	0.77	0.63	-0.22	-0.83	CODI
RCMT	0.39	-0.05	0.35	-0.26	0.89		0.76	0.61	-0.24	-0.84	RCMT
NNBR	0.2	0.15	0.46	-0.26	0.77	0.76		0.29	-0.05	-0.59	NNBR
MATW	0.04	-0.51	0.53	-0.09	0.63	0.61	0.29		-0.14	-0.77	MATW
VMI	-0.24	0.43	0.33	0.14	-0.22	-0.24	-0.05	-0.14		0.38	VMI
SPLP-PA	-0.32	0.32	-0.29	0.27	-0.83	-0.84	-0.59	-0.77	0.38		SPLP-PA
	SPLP	BBU	GFF	TRC	CODI	RCMT	NNBR	MATW	VMI	SPLP-PA

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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

RCMT	+ 0.89	CODI
NNBR	+ 0.77	CODI
NNBR	+ 0.76	RCMT
MATW	+ 0.63	CODI
MATW	+ 0.61	RCMT
MATW	+ 0.53	GFF

High negative correlations

SPLP-PA	- 0.84	RCMT
SPLP-PA	- 0.83	CODI
SPLP-PA	- 0.77	MATW
SPLP-PA	- 0.59	NNBR
MATW	- 0.51	BBU
CODI	- 0.39	TRC

Risk-Adjusted Indicators

There is a big difference between FTAI Stock performing well and FTAI Infrastructure 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 Infrastructure'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
SPLP	1.49	0.05	0.03	0.10	2.76	(2.18)	2.97	(2.21)	18.57
BBU	1.66	0.05	0.00	(0.02)	0.00	0.00	3.24	(3.28)	12.93
GFF	1.49	(0.04)	0.00	(0.10)	0.00	0.00	2.55	(3.19)	12.51
TRC	1.27	0.08	0.07	0.06	1.56	(1.36)	3.10	(2.70)	7.04
CODI	1.33	(0.21)	0.00	(0.26)	0.00	0.00	1.99	(2.82)	12.88
RCMT	1.97	(0.50)	0.00	(0.49)	0.00	0.00	3.80	(4.88)	17.67
NNBR	3.39	(0.42)	0.00	(0.26)	0.00	0.00	6.73	(8.30)	20.63
MATW	2.03	(0.28)	0.00	(0.32)	0.00	0.00	2.96	(4.33)	24.43
VMI	1.74	(0.10)	0.00	(0.16)	0.00	0.00	2.59	(3.81)	21.38
SPLP-PA	0.18	0.02	0.33	7.74	0.17	(0.21)	0.58	(0.33)	1.48

FTAI Infrastructure Corporate Management

Scott Christopher	Chief CFO	Profile
BoHee Yoon	Secretary	Profile
Hank Alexander	Chief Repauno	Profile
Alan JD	Head Relations	Profile

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