FTAI Infrastructure Correlations

FIP Stock  USD 6.75  0.04  0.60%   
The current 90-days correlation between FTAI Infrastructure and Steel Partners Holdings is 0.07 (i.e., Significant 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 0.39 (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.
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 closely tied 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.

Moving together with FTAI Stock

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Moving against FTAI Stock

  0.77NL NL IndustriesPairCorr
  0.71PC Premium CateringPairCorr
  0.53GP GreenPower MotorPairCorr
  0.48MG Mistras GroupPairCorr
  0.61VATE Innovate CorpPairCorr
  0.4CODI-PA Compass DiversifiedPairCorr
  0.32CODI-PB Compass DiversifiedPairCorr

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   
VMIBBU
MATWGFF
VMIMATW
MATWBBU
VMIGFF
MATWRCMT
  
High negative correlations   
RCMTCODI
GFFSPLP
CODIBBU
TRCSPLP
MATWSPLP
VMICODI

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.

FTAI Infrastructure Corporate Management