Fortress Transp Correlations

FTAI Stock

USD 114.91 7.68 7.16%

The current 90-days correlation between Fortress Transp Infra and McGrath RentCorp is 0.21 (i.e., Modest diversification). 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.

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

0.64	WLFC	Willis Lease Finance	Pair Corr
0.71	FPAY	FlexShopper Earnings Call This Week	Pair Corr

Moving against Fortress Stock

0.64	HEES	HE Equipment Services	Pair Corr
0.61	TRTN-PC	Triton International	Pair Corr
0.57	TRTN-PD	Triton International	Pair Corr
0.45	TRTN-PB	Triton International	Pair Corr
0.37	TRTN-PE	Triton International	Pair Corr
0.32	GATX	GATX	Pair Corr
0.65	MG	Mistras Group	Pair Corr
0.64	DE	Deere Company	Pair Corr
0.54	LZ	LegalZoom	Pair Corr
0.53	GE	GE Aerospace	Pair Corr
0.42	CTOS	Custom Truck One	Pair Corr
0.39	ALTG-PA	Alta Equipment Group	Pair Corr
0.35	G	Genpact Limited	Pair Corr
0.31	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	MGRC	CTOS	HRI	AAN	ALTG	PRG	HEES	GATX	MPU	FTAIM
MGRC		0.25	0.32	0.0	0.4	0.06	0.59	0.82	-0.12	-0.69	MGRC
CTOS	0.25		0.54	0.0	0.57	0.5	0.02	0.38	0.2	-0.47	CTOS
HRI	0.32	0.54		0.0	0.97	0.94	-0.35	0.3	0.72	-0.55	HRI
AAN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AAN
ALTG	0.4	0.57	0.97	0.0		0.89	-0.25	0.38	0.66	-0.55	ALTG
PRG	0.06	0.5	0.94	0.0	0.89		-0.55	0.12	0.79	-0.39	PRG
HEES	0.59	0.02	-0.35	0.0	-0.25	-0.55		0.46	-0.76	-0.4	HEES
GATX	0.82	0.38	0.3	0.0	0.38	0.12	0.46		-0.13	-0.53	GATX
MPU	-0.12	0.2	0.72	0.0	0.66	0.79	-0.76	-0.13		-0.05	MPU
FTAIM	-0.69	-0.47	-0.55	0.0	-0.55	-0.39	-0.4	-0.53	-0.05		FTAIM
	MGRC	CTOS	HRI	AAN	ALTG	PRG	HEES	GATX	MPU	FTAIM

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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

ALTG	+ 0.97	HRI
PRG	+ 0.94	HRI
PRG	+ 0.89	ALTG
GATX	+ 0.82	MGRC
MPU	+ 0.79	PRG
MPU	+ 0.72	HRI

High negative correlations

MPU	- 0.76	HEES
FTAIM	- 0.69	MGRC
HEES	- 0.55	PRG
FTAIM	- 0.55	ALTG
FTAIM	- 0.55	HRI
FTAIM	- 0.53	GATX

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
MGRC	1.19	0.01	0.00	(0.02)	0.00	0.00	2.75	(2.53)	7.16
CTOS	2.75	0.12	0.02	0.02	3.08	(3.18)	6.13	(5.54)	23.60
HRI	2.51	(0.40)	0.00	(0.30)	0.00	0.00	3.70	(6.02)	17.97
AAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALTG	3.17	(0.38)	0.00	(0.21)	0.00	0.00	6.91	(6.29)	15.90
PRG	2.13	(0.56)	0.00	(0.70)	0.00	0.00	3.12	(4.44)	31.87
HEES	3.60	1.43	0.82	0.84	0.79	(5.39)	1.53	(3.34)	107.70
GATX	1.05	(0.01)	0.00	(0.04)	0.00	0.00	2.11	(1.90)	7.23
MPU	5.08	(1.17)	0.00	(0.79)	0.00	0.00	10.53	(11.11)	36.15
FTAIM	0.64	(0.03)	0.00	(0.26)	0.00	0.00	1.39	(1.66)	4.47

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Fortress Transp Correlations

Moving together with Fortress Stock

Moving against Fortress Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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