FTAI Aviation Correlations

FTAIM Preferred Stock

25.91 0.03 0.12%

The current 90-days correlation between FTAI Aviation and Sonos Inc is -0.03 (i.e., Good 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

Average diversification

The correlation between FTAI Aviation Ltd and DJI is 0.11 (i.e., Average 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

0.78

FTAIN

Fortress Transportation

Pair Corr

Moving against FTAI Preferred Stock

0.64	WSC	Willscot Mobile Mini	Pair Corr
0.61	URI	United Rentals	Pair Corr
0.53	HRI	Herc Holdings	Pair Corr
0.52	GATX	GATX	Pair Corr
0.49	CAR	Avis Budget Group	Pair Corr
0.44	HTZ	Hertz Global Holdings	Pair Corr
0.42	HEES	HE Equipment Services	Pair Corr
0.37	PRG	PROG Holdings	Pair Corr
0.36	R	Ryder System	Pair Corr
0.68	MGRC	McGrath RentCorp	Pair Corr
0.65	AP	Ampco Pittsburgh Earnings Call Today	Pair Corr
0.57	TRTN-PE	Triton International	Pair Corr
0.53	ALTG	Alta Equipment Group	Pair Corr
0.53	J	Jacobs Solutions	Pair Corr
0.51	TRTN-PC	Triton International	Pair Corr
0.5	HTZWW	Hertz Global Hldgs	Pair Corr
0.48	UHAL	U Haul Holding	Pair Corr
0.45	CTOS	Custom Truck One	Pair Corr
0.44	BR	Broadridge Financial	Pair Corr
0.41	BA	Boeing	Pair Corr
0.36	ALTG-PA	Alta Equipment Group	Pair Corr
0.64	HI	Hillenbrand	Pair Corr
0.62	CR	Crane Company	Pair Corr

Related Correlations Analysis

	HAFN	LPL	MSN	PRKS	SONO	THO	ASO
HAFN		-0.16	0.3	0.77	0.75	0.57	0.74	HAFN
LPL	-0.16		0.22	-0.03	-0.25	0.2	-0.13	LPL
MSN	0.3	0.22		0.05	0.07	0.41	0.11	MSN
PRKS	0.77	-0.03	0.05		0.8	0.58	0.83	PRKS
SONO	0.75	-0.25	0.07	0.8		0.6	0.87	SONO
THO	0.57	0.2	0.41	0.58	0.6		0.55	THO
ASO	0.74	-0.13	0.11	0.83	0.87	0.55		ASO
	HAFN	LPL	MSN	PRKS	SONO	THO	ASO

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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

ASO	+ 0.87	SONO
ASO	+ 0.83	PRKS
SONO	+ 0.8	PRKS
PRKS	+ 0.77	HAFN
SONO	+ 0.75	HAFN
ASO	+ 0.74	HAFN

High negative correlations

SONO	- 0.25	LPL
LPL	- 0.16	HAFN
ASO	- 0.13	LPL
PRKS	- 0.03	LPL

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
HAFN	2.26	(0.26)	0.00	2.56	0.00	0.00	4.47	(5.27)	21.41
LPL	1.58	0.10	0.05	0.07	2.16	(1.52)	2.75	(2.77)	10.87
MSN	2.92	0.40	0.09	0.57	3.13	(4.95)	8.16	(6.12)	33.84
PRKS	1.74	(0.11)	0.00	(0.19)	0.00	0.00	2.71	(3.61)	12.64
SONO	1.77	(0.23)	0.00	(0.26)	0.00	0.00	4.86	(4.13)	14.04
THO	1.92	(0.33)	0.00	(0.48)	0.00	0.00	3.61	(4.17)	18.55
ASO	1.81	(0.13)	0.00	(0.21)	0.00	0.00	3.59	(4.08)	13.16

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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