Fortress Ebitda vs Net Income From Continuing Ops Analysis

FTAIN Stock  USD 25.52  0.03  0.12%   
Fortress Transportation financial indicator trend analysis is much more than just examining Fortress Transportation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortress Transportation is a good investment. Please check the relationship between Fortress Transportation Ebitda and its Net Income From Continuing Ops accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transportation and. 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.

Ebitda vs Net Income From Continuing Ops

Ebitda vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortress Transportation Ebitda account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fortress Transportation's Ebitda and Net Income From Continuing Ops is 0.53. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Fortress Transportation and, assuming nothing else is changed. The correlation between historical values of Fortress Transportation's Ebitda and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Fortress Transportation and are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Ebitda i.e., Fortress Transportation's Ebitda and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Ebitda

Net Income From Continuing Ops

Most indicators from Fortress Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortress Transportation current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transportation and. 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.
At this time, Fortress Transportation's Issuance Of Capital Stock is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 7.4 B, while Selling General Administrative is likely to drop about 13.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense171.0M169.2M161.6M169.7M
Depreciation And Amortization147.7M166.8M185.0M117.2M

Fortress Transportation fundamental ratios Correlations

0.910.30.980.560.990.880.890.520.990.740.520.00.840.930.420.620.660.940.6-0.75-0.170.50.250.14-0.16
0.910.370.910.210.911.00.80.280.90.760.270.090.861.00.530.630.351.00.58-0.58-0.240.640.290.28-0.4
0.30.370.230.020.340.350.320.240.340.450.24-0.510.450.360.170.090.10.35-0.03-0.12-0.480.120.19-0.23-0.29
0.980.910.230.520.980.890.880.450.980.710.45-0.020.820.930.410.640.60.940.55-0.67-0.240.590.270.19-0.1
0.560.210.020.520.560.140.480.680.570.340.69-0.150.260.25-0.240.270.970.260.15-0.570.09-0.160.21-0.170.42
0.990.910.340.980.560.880.920.471.00.760.47-0.070.870.920.40.570.660.930.52-0.74-0.270.550.270.07-0.16
0.881.00.350.890.140.880.780.180.870.750.170.10.850.990.530.620.290.990.54-0.54-0.270.690.30.29-0.44
0.890.80.320.880.480.920.780.420.90.60.41-0.140.90.830.420.220.530.840.42-0.73-0.390.590.04-0.24-0.04
0.520.280.240.450.680.470.180.420.480.221.0-0.170.340.30.110.260.650.310.53-0.510.3-0.360.04-0.030.23
0.990.90.340.980.571.00.870.90.480.770.48-0.060.850.920.370.590.670.930.52-0.73-0.250.540.30.09-0.16
0.740.760.450.710.340.760.750.60.220.770.210.020.670.76-0.060.550.50.760.09-0.47-0.210.430.770.15-0.52
0.520.270.240.450.690.470.170.411.00.480.21-0.180.350.290.110.250.660.30.52-0.520.3-0.360.03-0.030.24
0.00.09-0.51-0.02-0.15-0.070.1-0.14-0.17-0.060.02-0.18-0.190.07-0.050.06-0.130.060.29-0.120.70.010.110.22-0.18
0.840.860.450.820.260.870.850.90.340.850.670.35-0.190.870.530.30.380.870.47-0.71-0.380.570.12-0.09-0.38
0.931.00.360.930.250.920.990.830.30.920.760.290.070.870.520.620.381.00.57-0.6-0.250.650.290.25-0.37
0.420.530.170.41-0.240.40.530.420.110.37-0.060.11-0.050.530.520.24-0.20.510.77-0.3-0.190.47-0.560.19-0.17
0.620.630.090.640.270.570.620.220.260.590.550.250.060.30.620.240.40.620.47-0.20.050.250.490.82-0.26
0.660.350.10.60.970.660.290.530.650.670.50.66-0.130.380.38-0.20.40.390.19-0.650.08-0.110.34-0.060.19
0.941.00.350.940.260.930.990.840.310.930.760.30.060.871.00.510.620.390.57-0.61-0.250.650.290.25-0.36
0.60.58-0.030.550.150.520.540.420.530.520.090.520.290.470.570.770.470.190.57-0.540.350.15-0.290.36-0.1
-0.75-0.58-0.12-0.67-0.57-0.74-0.54-0.73-0.51-0.73-0.47-0.52-0.12-0.71-0.6-0.3-0.2-0.65-0.61-0.54-0.13-0.18-0.050.160.15
-0.17-0.24-0.48-0.240.09-0.27-0.27-0.390.3-0.25-0.210.30.7-0.38-0.25-0.190.050.08-0.250.35-0.13-0.640.050.28-0.03
0.50.640.120.59-0.160.550.690.59-0.360.540.43-0.360.010.570.650.470.25-0.110.650.15-0.18-0.640.020.03-0.19
0.250.290.190.270.210.270.30.040.040.30.770.030.110.120.29-0.560.490.340.29-0.29-0.050.050.020.33-0.42
0.140.28-0.230.19-0.170.070.29-0.24-0.030.090.15-0.030.22-0.090.250.190.82-0.060.250.360.160.280.030.33-0.32
-0.16-0.4-0.29-0.10.42-0.16-0.44-0.040.23-0.16-0.520.24-0.18-0.38-0.37-0.17-0.260.19-0.36-0.10.15-0.03-0.19-0.42-0.32
Click cells to compare fundamentals

Fortress Transportation Account Relationship Matchups

Fortress Transportation fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2B3.4B4.9B2.4B3.0B2.4B
Short Long Term Debt Total1.5B2.0B3.3B2.2B2.5B1.3B
Other Current Liab(12.6M)188.1M15.1M97.9M6.4M6.7M
Total Current Liabilities144.9M113.2M202.7M86.5M112.9M88.3M
Total Stockholder Equity1.3B1.1B1.1B18.9M175.3M166.6M
Property Plant And Equipment Net2.5B2.7B3.5B1.9B2.1B1.8B
Net Debt1.2B1.8B3.1B2.1B2.4B1.2B
Accounts Payable121.5M110.4M87.0M81.7M106.5M71.7M
Cash226.5M121.7M188.1M33.6M90.8M119.4M
Non Current Assets Total2.9B3.1B4.2B2.3B2.3B2.1B
Non Currrent Assets Other99.0M177.9M263.6M270.0M21.2M20.1M
Cash And Short Term Investments226.5M121.7M188.1M33.6M90.8M121.0M
Net Receivables57.8M99.3M132.5M155.0M118.2M94.1M
Common Stock Shares Outstanding86.0M86.0M89.9M99.4M100.4M84.7M
Liabilities And Stockholders Equity3.2B3.4B4.9B2.4B3.0B2.4B
Non Current Liabilities Total1.8B2.2B3.5B2.3B2.7B1.5B
Inventory15.2M58.3M107.1M(8.6M)316.6M332.5M
Other Current Assets805K55.9M2.4B28.1M153.8M252.6M
Other Stockholder Equity1.1B1.1B1.4B343.4M256.0M243.2M
Total Liab1.9B2.3B3.7B2.4B2.8B1.6B
Total Current Assets300.3M260.0M622.9M152.5M679.3M713.3M
Accumulated Other Comprehensive Income0.0372K(26.2M)(156.4M)(1.0M)(1.1M)
Common Stock849K856K992K997K1.0M951.9K
Short Term Debt36.0M25M100.5M70.4M63.4M75.7M
Intangible Assets27.7M18.8M98.7M42.0M50.6M49.7M
Retained Earnings190.5M(28.2M)(132.4M)(325.6M)(81.8M)(85.9M)
Other Liab41.1M23.4M96.3M36.5M32.8M42.0M
Net Tangible Assets1.1B928.6M763.2M(30.0M)(27.0M)(25.7M)
Other Assets1.7B1.7B2.0B2.1B8.2M7.8M
Long Term Debt1.4B1.9B3.2B2.2B2.5B2.3B
Net Invested Capital2.7B3.0B4.3B2.2B2.7B3.1B
Long Term Investments180.6M146.5M77.3M22.0M22.7M21.6M
Capital Stock930K947K1.1M1.1M1.2M1.1M
Non Current Liabilities Other295.3M208.7M243.3M148.0M158.6M171.9M
Net Working Capital155.4M146.9M420.2M66.1M230.2M201.6M

Pair Trading with Fortress Transportation

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortress Transportation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortress Transportation will appreciate offsetting losses from the drop in the long position's value.

Moving against Fortress Stock

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The ability to find closely correlated positions to Fortress Transportation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortress Transportation 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 Fortress Transportation - 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 Fortress Transportation and to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortress Transportation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortress Transportation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortress Transportation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Fortress Transportation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fortress Transportation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fortress Transportation And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fortress Transportation And Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transportation and. 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.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortress Transportation. If investors know Fortress will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortress Transportation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.303
Dividend Share
1.2
Earnings Share
(3.47)
Revenue Per Share
15.341
Quarterly Revenue Growth
0.6
The market value of Fortress Transportation is measured differently than its book value, which is the value of Fortress that is recorded on the company's balance sheet. Investors also form their own opinion of Fortress Transportation's value that differs from its market value or its book value, called intrinsic value, which is Fortress Transportation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortress Transportation's market value can be influenced by many factors that don't directly affect Fortress Transportation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortress Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortress Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortress Transportation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.