FTAI Infrastructure Correlations

FIP Stock  USD 8.58  0.28  3.37%   
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FTAI Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FTAI Infrastructure 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.

Modest diversification

The correlation between FTAI Infrastructure and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Infrastructure and NYA 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 tightly coupled 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.
  
The ability to find closely correlated positions to FTAI Infrastructure 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 Infrastructure 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 Infrastructure - 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 Infrastructure to buy it.

Moving together with FTAI Stock

  0.67FSTR LB Foster Earnings Call TodayPairCorr
  0.73IGC India GlobalizationPairCorr
  0.89MLR Miller IndustriesPairCorr
  0.95MMM 3M Company Financial Report 23rd of July 2024 PairCorr
  0.84TRN Trinity IndustriesPairCorr
  0.65VMI Valmont IndustriesPairCorr
  0.89WAB Westinghouse Air BrakePairCorr

Moving against FTAI Stock

  0.85NNBR NN IncPairCorr
  0.81NXT Nextracker Class A Upward RallyPairCorr
  0.79MPU Mega Matrix CorpPairCorr
  0.76BBU Brookfield BusinessPairCorr
  0.74CYD China Yuchai InternaPairCorr
  0.48EFSH 1847 Holdings LLCPairCorr
  0.41SOL Emeren Group Earnings Call TodayPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
NNBRBBU
RCMTBBU
NNBRRCMT
NNBRCODI
MATWBBU
MATWGFF
  
High negative correlations   
VMINNBR
VMICODI
CODITRC
TRCGFF
NNBRTRC
VMIBBU

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SPLP  1.23  0.01  0.00  0.09  1.58 
 2.74 
 9.67 
BBU  1.15 (0.36) 0.00 (0.17) 0.00 
 2.45 
 8.36 
GFF  1.60 (0.14) 0.00 (0.01) 0.00 
 2.93 
 11.55 
TRC  1.31  0.07  0.06  0.13  1.25 
 3.76 
 10.13 
CODI  1.07 (0.09) 0.00 (0.02) 0.00 
 2.15 
 8.23 
RCMT  1.91 (0.44) 0.00 (0.20) 0.00 
 5.81 
 28.56 
NNBR  2.83 (0.45) 0.00  3.34  0.00 
 5.24 
 22.92 
MATW  1.61 (0.07)(0.02) 0.02  1.80 
 2.94 
 8.87 
VMI  1.23  0.14  0.13  0.17  1.06 
 2.00 
 18.63 
SPLP-PA  0.28  0.01 (0.15) 0.28  0.31 
 0.80 
 1.68 

Be your own money manager

Our tools can tell you how much better you can do entering a position in FTAI Infrastructure 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.

Did you try this?

Run Risk-Return Analysis Now

   

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module

Already Invested in FTAI Infrastructure?

The danger of trading FTAI Infrastructure is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FTAI Infrastructure is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FTAI Infrastructure. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FTAI Infrastructure is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether FTAI Infrastructure is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if FTAI Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ftai Infrastructure Stock. Highlighted below are key reports to facilitate an investment decision about Ftai Infrastructure Stock:
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 tightly coupled 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.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for FTAI Stock analysis

When running FTAI Infrastructure's price analysis, check to measure FTAI Infrastructure's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FTAI Infrastructure is operating at the current time. Most of FTAI Infrastructure's value examination focuses on studying past and present price action to predict the probability of FTAI Infrastructure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FTAI Infrastructure's price. Additionally, you may evaluate how the addition of FTAI Infrastructure to your portfolios can decrease your overall portfolio volatility.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Is FTAI Infrastructure's industry 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 FTAI Infrastructure. If investors know FTAI 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 FTAI Infrastructure listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share
0.12
Earnings Share
(1.93)
Revenue Per Share
3.16
Quarterly Revenue Growth
0.079
Return On Assets
(0.01)
The market value of FTAI Infrastructure is measured differently than its book value, which is the value of FTAI that is recorded on the company's balance sheet. Investors also form their own opinion of FTAI Infrastructure's value that differs from its market value or its book value, called intrinsic value, which is FTAI Infrastructure'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 FTAI Infrastructure's market value can be influenced by many factors that don't directly affect FTAI Infrastructure'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 FTAI Infrastructure's value and its price as these two are different measures arrived at by different means. Investors typically determine if FTAI Infrastructure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FTAI Infrastructure'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.