Triton International Correlations

TRTN-PE Preferred Stock

22.06 0.23 1.03%

The current 90-days correlation between Triton International and Air Lease is 0.26 (i.e., Modest diversification). The correlation of Triton International 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.

Triton International Correlation With Market

Weak diversification

The correlation between Triton International Limited 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 Triton International Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Triton International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triton International 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 Triton International - 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 Triton International Limited to buy it.

Moving together with Triton Preferred Stock

0.72	FTAIO	Fortress Transportation	Pair Corr
0.63	TRTN-PC	Triton International	Pair Corr
0.64	TRTN-PB	Triton International	Pair Corr
0.75	UHAL	U Haul Holding	Pair Corr

Moving against Triton Preferred Stock

0.42	ZCARW	Zoomcar Holdings Symbol Change	Pair Corr
0.41	CTOS	Custom Truck One	Pair Corr

Related Correlations Analysis

	R	AL	VSTS	WLFC	AER	CAR	FPAY	FTAI	HRI	HTZ
R		0.87	0.0	0.8	0.67	0.89	0.59	0.9	0.8	0.7	R
AL	0.87		0.0	0.57	0.65	0.88	0.56	0.75	0.69	0.79	AL
VSTS	0.0	0.0		-0.06	0.24	-0.11	-0.11	-0.02	-0.26	0.17	VSTS
WLFC	0.8	0.57	-0.06		0.62	0.65	0.68	0.88	0.91	0.33	WLFC
AER	0.67	0.65	0.24	0.62		0.55	0.39	0.61	0.54	0.44	AER
CAR	0.89	0.88	-0.11	0.65	0.55		0.59	0.81	0.74	0.81	CAR
FPAY	0.59	0.56	-0.11	0.68	0.39	0.59		0.81	0.7	0.52	FPAY
FTAI	0.9	0.75	-0.02	0.88	0.61	0.81	0.81		0.84	0.62	FTAI
HRI	0.8	0.69	-0.26	0.91	0.54	0.74	0.7	0.84		0.38	HRI
HTZ	0.7	0.79	0.17	0.33	0.44	0.81	0.52	0.62	0.38		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
CAR	+ 0.89	R
CAR	+ 0.88	AL
FTAI	+ 0.88	WLFC
AL	+ 0.87	R

High negative correlations

HRI	- 0.26	VSTS
FPAY	- 0.11	VSTS
CAR	- 0.11	VSTS
WLFC	- 0.06	VSTS
FTAI	- 0.02	VSTS
VSTS	- 0.0	AL

Risk-Adjusted Indicators

There is a big difference between Triton Preferred Stock performing well and Triton International 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 Triton International'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	1.45	0.08	0.10	0.16	1.46	(1.60)	3.32	(2.64)	7.72
AL	1.26	0.00	0.05	0.12	1.33	(1.50)	3.00	(2.41)	6.71
VSTS	1.79	0.07	0.10	0.15	1.59	(2.25)	3.54	(2.93)	17.30
WLFC	2.90	0.66	0.26	0.31	3.09	(3.46)	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	2.90	0.05	0.08	0.13	3.03	(3.28)	6.48	(5.52)	16.84
FPAY	3.17	0.86	0.15	(1.71)	3.63	(3.80)	8.40	(6.76)	18.88
FTAI	2.00	0.28	0.14	0.25	2.37	(2.22)	5.02	(3.45)	12.55
HRI	2.09	0.47	0.35	0.35	1.18	(2.59)	5.52	(2.36)	20.05
HTZ	3.98	0.39	0.11	0.33	4.21	(4.24)	8.61	(7.91)	21.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Triton International 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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