Fortress Transp Correlations

FTAI Stock

USD 169.33 2.83 1.64%

The current 90-days correlation between Fortress Transp Infra and GATX Corporation is 0.24 (i.e., Modest diversification). The correlation of Fortress Transp 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.

Fortress Transp Correlation With Market

Average diversification

The correlation between Fortress Transp Infra and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortress Transp Infra and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fortress Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transp Infra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Fortress Stock

0.72	AL	Air Lease	Pair Corr
0.79	DXPE	DXP Enterprises	Pair Corr
0.62	FAST	Fastenal	Pair Corr
0.73	EVI	EVI Industries	Pair Corr
0.9	GIC	Global Industrial	Pair Corr
0.72	GMS	GMS Inc	Pair Corr
0.61	IGC	India Globalization	Pair Corr
0.9	XMTR	Xometry	Pair Corr
0.82	GATX	GATX	Pair Corr
0.89	URI	United Rentals	Pair Corr
0.84	AA4	Amedeo Air Four	Pair Corr
0.8	RUSHB	Rush Enterprises B	Pair Corr
0.62	RUSHA	Rush Enterprises A	Pair Corr
0.7	EFN	Element Fleet Management	Pair Corr
0.77	000688	Guocheng Mining	Pair Corr
0.73	DBM	Doman Building Materials	Pair Corr
0.81	CLWT	Euro Tech Holdings	Pair Corr

Moving against Fortress Stock

0.8	IPW	iPower Inc	Pair Corr
0.77	WSO-B	Watsco Inc	Pair Corr
0.66	CNM	Core Main	Pair Corr
0.57	GWW	WW Grainger	Pair Corr
0.47	QXO	QXO, Inc	Pair Corr
0.93	WSO	Watsco Inc	Pair Corr
0.63	300022	Gifore Agricultural	Pair Corr
0.52	TITN	Titan Machinery	Pair Corr
0.32	000638	Vanfund Urban Investment	Pair Corr

Related Correlations Analysis

	GATX	ALTG	MGRC	CTOS	GMRE	AROC	RPT
GATX		-0.19	0.19	0.4	0.49	-0.22	0.0	GATX
ALTG	-0.19		0.48	-0.02	0.17	-0.29	0.13	ALTG
MGRC	0.19	0.48		0.19	0.32	-0.43	0.12	MGRC
CTOS	0.4	-0.02	0.19		-0.13	-0.42	-0.52	CTOS
GMRE	0.49	0.17	0.32	-0.13		-0.2	0.54	GMRE
AROC	-0.22	-0.29	-0.43	-0.42	-0.2		0.03	AROC
RPT	0.0	0.13	0.12	-0.52	0.54	0.03		RPT
	GATX	ALTG	MGRC	CTOS	GMRE	AROC	RPT

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

RPT	+ 0.54	GMRE
GMRE	+ 0.49	GATX
MGRC	+ 0.48	ALTG
CTOS	+ 0.4	GATX
GMRE	+ 0.32	MGRC
MGRC	+ 0.19	GATX

High negative correlations

RPT	- 0.52	CTOS
AROC	- 0.43	MGRC
AROC	- 0.42	CTOS
AROC	- 0.29	ALTG
AROC	- 0.22	GATX
AROC	- 0.2	GMRE

Risk-Adjusted Indicators

There is a big difference between Fortress Stock performing well and Fortress Transp 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 Fortress Transp'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
GATX	0.90	0.10	0.10	0.14	0.91	(0.95)	2.25	(1.67)	5.77
ALTG	3.02	(0.05)	0.00	0.03	2.83	(4.23)	7.95	(5.11)	22.17
MGRC	1.28	(0.12)	0.00	(0.01)	0.00	0.00	2.62	(2.72)	11.20
CTOS	2.29	0.38	0.17	0.45	1.93	(3.04)	6.16	(3.46)	15.40
GMRE	1.42	(0.03)	(0.03)	0.00	2.21	(1.39)	2.61	(3.70)	12.79
AROC	1.33	0.00	0.00	0.05	0.00	0.00	2.43	(2.98)	8.36
RPT	1.12	(0.14)	0.00	(0.06)	0.00	0.00	2.31	(2.61)	6.22

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC