FTAI Infrastructure Correlations
FIP Stock | USD 9.94 0.44 4.63% |
The current 90-days correlation between FTAI Infrastructure and Steel Partners Holdings is -0.12 (i.e., Good diversification). 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 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.
FTAI Infrastructure Correlation With Market
Weak diversification
The correlation between FTAI Infrastructure and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Infrastructure and DJI in the same portfolio, assuming nothing else is changed.
FTAI |
Moving together with FTAI Stock
0.69 | BBU | Brookfield Business | PairCorr |
0.64 | TRN | Trinity Industries | PairCorr |
0.72 | VMI | Valmont Industries | PairCorr |
0.61 | FBYDW | Falcons Beyond Global, | PairCorr |
0.81 | HYLN | Hyliion Holdings Corp | PairCorr |
0.77 | NNBR | NN Inc | PairCorr |
0.75 | ALSN | Allison Transmission | PairCorr |
0.64 | J | Jacobs Solutions Fiscal Year End 19th of November 2024 | PairCorr |
0.73 | R | Ryder System | PairCorr |
0.81 | AZ | A2Z Smart Technologies | PairCorr |
0.73 | BR | Broadridge Financial | PairCorr |
Moving against FTAI Stock
0.68 | NXT | Nextracker Class A | PairCorr |
0.64 | EFSH | 1847 Holdings LLC | PairCorr |
0.55 | CRESW | Cresud SACIF y | PairCorr |
0.47 | ALPP | Alpine 4 Holdings Earnings Call This Week | PairCorr |
0.46 | FSTR | LB Foster | PairCorr |
0.45 | GBX | Greenbrier Companies Fiscal Year End 23rd of October 2024 | PairCorr |
0.58 | EH | Ehang Holdings | PairCorr |
0.56 | ARRY | Array Technologies | PairCorr |
0.38 | BE | Bloom Energy Corp | PairCorr |
Related Correlations Analysis
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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 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SPLP | 1.15 | 0.01 | (0.03) | 0.02 | 1.94 | 2.56 | 13.88 | |||
BBU | 1.62 | 0.09 | 0.04 | 0.19 | 2.19 | 3.19 | 11.04 | |||
GFF | 2.17 | (0.18) | (0.01) | 0.04 | 4.38 | 4.12 | 28.74 | |||
TRC | 1.31 | (0.19) | (0.06) | 0.00 | 1.98 | 2.78 | 10.51 | |||
CODI | 1.48 | (0.13) | (0.02) | 0.03 | 2.52 | 3.38 | 15.07 | |||
RCMT | 1.56 | (0.09) | (0.04) | 0.03 | 1.77 | 3.10 | 11.22 | |||
NNBR | 2.38 | 0.14 | 0.09 | 0.17 | 2.55 | 5.41 | 19.73 | |||
MATW | 1.71 | (0.28) | 0.00 | (0.08) | 0.00 | 5.18 | 12.72 | |||
VMI | 1.28 | 0.11 | 0.08 | 0.23 | 1.13 | 2.95 | 13.26 | |||
SPLP-PA | 0.23 | 0.01 | (0.26) | 0.20 | 0.26 | 0.38 | 2.42 |
FTAI Infrastructure Corporate Management
Scott Christopher | Chief CFO | Profile | |
BoHee Yoon | Secretary | Profile | |
Hank Alexander | Chief Repauno | Profile | |
Alan JD | Head Relations | Profile |