Fortress Ebit vs Interest Income Analysis

FTAIP Stock  USD 25.45  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 Ebit and its Interest Income 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.

Ebit vs Interest Income

Ebit vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortress Transportation Ebit account and Interest Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fortress Transportation's Ebit and Interest Income is 0.9. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Interest Income 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 Ebit and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Fortress Transportation and are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Ebit i.e., Fortress Transportation's Ebit and Interest Income go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Ebit

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
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 relatively stable compared to the past year. As of 09/21/2024, Enterprise Value is likely to grow to about 7.4 B, while Selling General Administrative is likely to drop slightly above 13.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense171.0M169.2M162.3M170.5M
Depreciation And Amortization147.7M166.8M185.0M117.2M

Fortress Transportation fundamental ratios Correlations

0.91-0.140.980.560.990.880.980.520.990.840.520.060.850.930.420.490.660.940.67-0.75-0.170.50.250.14-0.16
0.91-0.150.910.210.911.00.930.280.910.910.270.120.861.00.530.430.351.00.61-0.58-0.240.640.290.28-0.4
-0.14-0.15-0.16-0.1-0.12-0.18-0.130.28-0.12-0.170.28-0.80.09-0.150.26-0.32-0.13-0.15-0.220.13-0.4-0.23-0.35-0.240.16
0.980.91-0.160.520.980.890.990.450.980.810.450.050.820.930.410.480.60.940.61-0.67-0.240.590.270.19-0.1
0.560.21-0.10.520.560.140.50.680.560.210.69-0.050.260.25-0.240.40.970.260.39-0.570.09-0.160.21-0.170.42
0.990.91-0.120.980.560.880.980.471.00.850.47-0.020.870.920.40.450.660.930.57-0.74-0.270.550.270.07-0.16
0.881.0-0.180.890.140.880.90.180.880.90.170.130.850.990.530.410.290.990.56-0.54-0.270.690.30.29-0.44
0.980.93-0.130.990.50.980.90.440.980.840.440.00.830.940.420.510.60.950.59-0.65-0.270.580.30.22-0.17
0.520.280.280.450.680.470.180.440.480.231.0-0.110.340.30.110.220.650.310.64-0.510.3-0.360.04-0.030.23
0.990.91-0.120.980.561.00.880.980.480.860.470.00.860.930.390.460.660.930.59-0.73-0.250.550.280.09-0.17
0.840.91-0.170.810.210.850.90.840.230.860.230.00.850.90.290.480.390.90.39-0.57-0.260.570.530.18-0.59
0.520.270.280.450.690.470.170.441.00.470.23-0.120.350.290.110.230.660.30.63-0.520.3-0.360.03-0.030.24
0.060.12-0.80.05-0.05-0.020.130.0-0.110.00.0-0.12-0.220.1-0.020.16-0.040.10.5-0.110.710.00.110.35-0.09
0.850.860.090.820.260.870.850.830.340.860.850.35-0.220.870.530.250.380.870.41-0.71-0.380.570.12-0.09-0.38
0.931.0-0.150.930.250.920.990.940.30.930.90.290.10.870.520.420.381.00.6-0.6-0.250.650.290.25-0.37
0.420.530.260.41-0.240.40.530.420.110.390.290.11-0.020.530.52-0.06-0.20.510.46-0.3-0.190.47-0.560.19-0.17
0.490.43-0.320.480.40.450.410.510.220.460.480.230.160.250.42-0.060.540.420.45-0.310.170.020.610.72-0.32
0.660.35-0.130.60.970.660.290.60.650.660.390.66-0.040.380.38-0.20.540.390.43-0.650.08-0.110.34-0.050.19
0.941.0-0.150.940.260.930.990.950.310.930.90.30.10.871.00.510.420.390.6-0.61-0.250.650.290.24-0.36
0.670.61-0.220.610.390.570.560.590.640.590.390.630.50.410.60.460.450.430.6-0.560.5-0.010.00.43-0.05
-0.75-0.580.13-0.67-0.57-0.74-0.54-0.65-0.51-0.73-0.57-0.52-0.11-0.71-0.6-0.3-0.31-0.65-0.61-0.56-0.13-0.18-0.050.160.15
-0.17-0.24-0.4-0.240.09-0.27-0.27-0.270.3-0.25-0.260.30.71-0.38-0.25-0.190.170.08-0.250.5-0.13-0.640.050.28-0.03
0.50.64-0.230.59-0.160.550.690.58-0.360.550.57-0.360.00.570.650.470.02-0.110.65-0.01-0.18-0.640.020.03-0.19
0.250.29-0.350.270.210.270.30.30.040.280.530.030.110.120.29-0.560.610.340.290.0-0.050.050.020.33-0.42
0.140.28-0.240.19-0.170.070.290.22-0.030.090.18-0.030.35-0.090.250.190.72-0.050.240.430.160.280.030.33-0.32
-0.16-0.40.16-0.10.42-0.16-0.44-0.170.23-0.17-0.590.24-0.09-0.38-0.37-0.17-0.320.19-0.36-0.050.15-0.03-0.19-0.42-0.32
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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)(22.2M)(96.7M)(70.4M)6.4M6.7M
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 Payable121.5M110.4M198.8M86.5M106.5M82.4M
Cash226.5M121.7M188.1M33.6M90.9M119.4M
Non Current Assets Total2.9B3.1B4.2B2.3B2.5B2.1B
Non Currrent Assets Other99.0M177.9M263.6M270.0M117.4M113.4M
Cash And Short Term Investments226.5M121.7M188.1M33.6M90.9M121.1M
Net Receivables57.8M98.6M182.8M99.4M115.2M93.5M
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 Assets805K(18.6M)144.9M28.1M(1.0)(0.95)
Other Stockholder Equity1.1B1.1B1.4B343.4M257.0M244.1M
Total Liab1.9B2.3B3.7B2.4B2.8B1.6B
Total Current Assets300.3M260.0M622.9M152.5M522.7M323.7M
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 Assets1.7B1.7B2.0B2.1B1.00.95
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 together with Fortress Stock

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  0.95VSTS VestisPairCorr
  0.95WLFC Willis Lease FinancePairCorr

Moving against Fortress Stock

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  0.82YAYO Yayyo IncPairCorr
  0.72GSL Global Ship LeasePairCorr
  0.71FPAY FlexShopperPairCorr
  0.58HTZ Hertz Global HoldingsPairCorr
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

Additional Tools for Fortress Stock Analysis

When running Fortress Transportation's price analysis, check to measure Fortress Transportation'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 Fortress Transportation is operating at the current time. Most of Fortress Transportation's value examination focuses on studying past and present price action to predict the probability of Fortress Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortress Transportation's price. Additionally, you may evaluate how the addition of Fortress Transportation to your portfolios can decrease your overall portfolio volatility.