Fortress Transportation Correlations
| FTAIPDelisted Stock | USD 25.37 0.00 0.00% |
The current 90-days correlation between Fortress Transportation and Fortress Transportation and is -0.11 (i.e., Good diversification). The correlation of Fortress Transportation 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.
Fortress Transportation Correlation With Market
Very good diversification
The correlation between Fortress Transportation And and DJI is -0.35 (i.e., Very good 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.
Fortress |
Moving together with Fortress Stock
| 0.73 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.83 | CSCO | Cisco Systems | PairCorr |
| 0.64 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.71 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.7 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Fortress Stock
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.77 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.62 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.47 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.22 | -0.11 | 0.27 | 0.4 | FTAIN | ||
| -0.22 | 0.25 | -0.45 | -0.22 | FTAIO | ||
| -0.11 | 0.25 | -0.51 | -0.53 | CODI-PC | ||
| 0.27 | -0.45 | -0.51 | 0.68 | RTLPP | ||
| 0.4 | -0.22 | -0.53 | 0.68 | SPNT-PB | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTAIN | 0.49 | 0.01 | (0.11) | 0.16 | 0.64 | 1.07 | 4.21 | |||
| FTAIO | 0.31 | 0.00 | (0.17) | 0.09 | 0.48 | 0.86 | 2.94 | |||
| CODI-PC | 0.27 | (0.04) | 0.00 | 0.59 | 0.00 | 0.74 | 2.46 | |||
| RTLPP | 0.83 | 0.08 | (0.03) | (0.64) | 1.06 | 2.31 | 5.71 | |||
| SPNT-PB | 0.24 | 0.03 | (0.36) | (1.13) | 0.11 | 0.52 | 1.69 |
Fortress Transportation Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortress Transportation stock to make a market-neutral strategy. Peer analysis of Fortress Transportation could also be used in its relative valuation, which is a method of valuing Fortress Transportation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fortress Transportation Corporate Management
| Kevin Krieger | Secretary | Profile | |
| David Moreno | Chief Officer | Profile | |
| Joseph Adams | Chairman CEO | Profile | |
| Eun Nam | CFO Officer | Profile | |
| Alan JD | Investor Relations | Profile |
Still Interested in Fortress Transportation And?
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