Correlation Between FTAI Infrastructure and Cimpress
Can any of the company-specific risk be diversified away by investing in both FTAI Infrastructure and Cimpress at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining FTAI Infrastructure and Cimpress into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between FTAI Infrastructure and Cimpress NV, you can compare the effects of market volatilities on FTAI Infrastructure and Cimpress and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in FTAI Infrastructure with a short position of Cimpress. Check out your portfolio center. Please also check ongoing floating volatility patterns of FTAI Infrastructure and Cimpress.
Diversification Opportunities for FTAI Infrastructure and Cimpress
-0.74 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FTAI and Cimpress is -0.74. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Infrastructure and Cimpress NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cimpress NV and FTAI Infrastructure is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on FTAI Infrastructure are associated (or correlated) with Cimpress. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cimpress NV has no effect on the direction of FTAI Infrastructure i.e., FTAI Infrastructure and Cimpress go up and down completely randomly.
Pair Corralation between FTAI Infrastructure and Cimpress
Considering the 90-day investment horizon FTAI Infrastructure is expected to under-perform the Cimpress. In addition to that, FTAI Infrastructure is 1.53 times more volatile than Cimpress NV. It trades about -0.09 of its total potential returns per unit of risk. Cimpress NV is currently generating about 0.19 per unit of volatility. If you would invest 4,513 in Cimpress NV on June 5, 2025 and sell it today you would earn a total of 1,733 from holding Cimpress NV or generate 38.4% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
FTAI Infrastructure vs. Cimpress NV
Performance |
| Timeline |
| FTAI Infrastructure |
| Cimpress NV |
FTAI Infrastructure and Cimpress Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FTAI Infrastructure and Cimpress
The main advantage of trading using opposite FTAI Infrastructure and Cimpress positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FTAI Infrastructure position performs unexpectedly, Cimpress 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 Cimpress will offset losses from the drop in Cimpress' long position.| FTAI Infrastructure vs. Compass Diversified Holdings | FTAI Infrastructure vs. Fortress Transp Infra | FTAI Infrastructure vs. Griffon | FTAI Infrastructure vs. Matthews International |
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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