Fortress Income Quality from 2010 to 2024
| FTAIN Stock | USD 26.15 0.09 0.35% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 0.52901151 | Current Value 0.56 | Quarterly Volatility 3.41258548 |
Check Fortress Transportation financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortress Transportation's main balance sheet or income statement drivers, such as Depreciation And Amortization of 117.2 M, Interest Expense of 169.7 M or Selling General Administrative of 13.3 M, as well as many indicators such as Price To Sales Ratio of 3.76, Dividend Yield of 0.057 or PTB Ratio of 27.76. Fortress financial statements analysis is a perfect complement when working with Fortress Transportation Valuation or Volatility modules.
Fortress | Income Quality |
Latest Fortress Transportation's Income Quality Growth Pattern
Below is the plot of the Income Quality of Fortress Transportation and over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Fortress Transportation's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortress Transportation's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Fortress Income Quality Regression Statistics
| Arithmetic Mean | (1.65) | |
| Coefficient Of Variation | (207.45) | |
| Mean Deviation | 2.31 | |
| Median | (0.76) | |
| Standard Deviation | 3.41 | |
| Sample Variance | 11.65 | |
| Range | 11.5395 | |
| R-Value | 0.23 | |
| Mean Square Error | 11.88 | |
| R-Squared | 0.05 | |
| Significance | 0.41 | |
| Slope | 0.17 | |
| Total Sum of Squares | 163.04 |
Fortress Income Quality History
About Fortress Transportation Financial Statements
Fortress Transportation investors utilize fundamental indicators, such as Income Quality, to predict how Fortress Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 0.53 | 0.56 |
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
Moving against Fortress Stock
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.Other Information on Investing in Fortress Stock
Fortress Transportation financial ratios help investors to determine whether Fortress Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortress with respect to the benefits of owning Fortress Transportation security.