FTAI Aviation Correlations

FTAIM Preferred Stock

27.50 0.52 1.93%

The current 90-days correlation between FTAI Aviation and Willis Lease Finance is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FTAI Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FTAI Aviation Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FTAI Aviation Correlation With Market

Significant diversification

The correlation between FTAI Aviation Ltd and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Aviation Ltd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FTAI Aviation 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 Aviation 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 Aviation - 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 Aviation Ltd to buy it.

Moving together with FTAI Preferred Stock

0.76	R	Ryder System	Pair Corr
0.61	AL	Air Lease	Pair Corr
0.87	WLFC	Willis Lease Finance	Pair Corr
0.66	CAR	Avis Budget Group	Pair Corr
0.75	FPAY	FlexShopper	Pair Corr
0.86	FTAI	Fortress Transp Infra	Pair Corr
0.9	HRI	Herc Holdings	Pair Corr
0.67	GATX	GATX Fiscal Year End 28th of January 2025	Pair Corr
0.77	URI	United Rentals Fiscal Year End 22nd of January 2025	Pair Corr
0.64	FTAIN	Fortress Transportation	Pair Corr
0.74	FTAIP	Fortress Transportation	Pair Corr
0.85	HEES	HE Equipment Services	Pair Corr
0.7	TRTN-PB	Triton International	Pair Corr
0.87	ALTG-PA	Alta Equipment Group	Pair Corr
0.75	B	Barnes Group	Pair Corr
0.66	G	Genpact Limited	Pair Corr
0.75	J	Jacobs Solutions	Pair Corr
0.93	AZ	A2Z Smart Technologies	Pair Corr

Moving against FTAI Preferred Stock

0.86	ZCAR	Zoomcar Holdings Symbol Change	Pair Corr
0.85	YAYO	Yayyo Inc	Pair Corr
0.82	MWG	Multi Ways Holdings	Pair Corr
0.48	GSL	Global Ship Lease	Pair Corr
0.32	WSC	Willscot Mobile Mini	Pair Corr
0.79	CP	Canadian Pacific Railway	Pair Corr
0.78	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.54	TRTN-PD	Triton International	Pair Corr
0.43	AP	Ampco Pittsburgh	Pair Corr
0.35	HTZWW	Hertz Global Hldgs	Pair Corr

Related Correlations Analysis

	R	AL	VSTS	WLFC	AER	CAR	FPAY	FTAI	HRI	HTZ
R		0.86	-0.06	0.8	0.65	0.87	0.54	0.9	0.79	0.58	R
AL	0.86		-0.14	0.55	0.6	0.87	0.49	0.73	0.68	0.66	AL
VSTS	-0.06	-0.14		-0.08	0.18	-0.21	-0.21	-0.06	-0.3	-0.01	VSTS
WLFC	0.8	0.55	-0.08		0.6	0.63	0.67	0.88	0.91	0.23	WLFC
AER	0.65	0.6	0.18	0.6		0.51	0.32	0.59	0.52	0.32	AER
CAR	0.87	0.87	-0.21	0.63	0.51		0.54	0.8	0.73	0.7	CAR
FPAY	0.54	0.49	-0.21	0.67	0.32	0.54		0.79	0.69	0.47	FPAY
FTAI	0.9	0.73	-0.06	0.88	0.59	0.8	0.79		0.84	0.53	FTAI
HRI	0.79	0.68	-0.3	0.91	0.52	0.73	0.69	0.84		0.27	HRI
HTZ	0.58	0.66	-0.01	0.23	0.32	0.7	0.47	0.53	0.27		HTZ
	R	AL	VSTS	WLFC	AER	CAR	FPAY	FTAI	HRI	HTZ

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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

HRI	+ 0.91	WLFC
FTAI	+ 0.9	R
FTAI	+ 0.88	WLFC
CAR	+ 0.87	R
CAR	+ 0.87	AL
AL	+ 0.86	R

High negative correlations

HRI	- 0.3	VSTS
FPAY	- 0.21	VSTS
CAR	- 0.21	VSTS
VSTS	- 0.14	AL
WLFC	- 0.08	VSTS
FTAI	- 0.06	VSTS

Risk-Adjusted Indicators

There is a big difference between FTAI Preferred Stock performing well and FTAI Aviation 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 Aviation'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
R	1.46	0.08	0.10	0.17	1.46	(1.62)	3.32	(2.64)	7.72
AL	1.25	(0.01)	0.05	0.12	1.34	(1.48)	2.92	(2.41)	7.58
VSTS	1.84	0.10	0.12	0.17	1.57	(2.34)	4.63	(2.93)	17.30
WLFC	2.91	0.64	0.25	0.31	3.04	(3.43)	7.00	(4.97)	33.51
AER	1.02	(0.09)	(0.04)	0.05	1.13	(1.28)	2.59	(1.50)	7.68
CAR	2.86	0.01	0.07	0.12	3.04	(3.21)	6.48	(5.52)	16.84
FPAY	3.19	0.73	0.11	(0.89)	3.77	(3.75)	8.40	(6.76)	18.88
FTAI	1.96	0.33	0.17	0.27	2.29	(2.21)	5.02	(3.45)	12.55
HRI	2.17	0.51	0.38	0.36	1.14	(2.70)	6.47	(2.36)	20.05
HTZ	3.94	0.44	0.04	(0.25)	4.61	(4.03)	8.61	(8.50)	21.19

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

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