Correlation Between FTAI Infrastructure and Pinnacle Food
Can any of the company-specific risk be diversified away by investing in both FTAI Infrastructure and Pinnacle Food 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 Pinnacle Food into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between FTAI Infrastructure and Pinnacle Food Group, you can compare the effects of market volatilities on FTAI Infrastructure and Pinnacle Food 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 Pinnacle Food. Check out your portfolio center. Please also check ongoing floating volatility patterns of FTAI Infrastructure and Pinnacle Food.
Diversification Opportunities for FTAI Infrastructure and Pinnacle Food
0.22 | Correlation Coefficient |
Modest diversification
The 3 months correlation between FTAI and Pinnacle is 0.22. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Infrastructure and Pinnacle Food Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Pinnacle Food Group 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 Pinnacle Food. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Pinnacle Food Group has no effect on the direction of FTAI Infrastructure i.e., FTAI Infrastructure and Pinnacle Food go up and down completely randomly.
Pair Corralation between FTAI Infrastructure and Pinnacle Food
Considering the 90-day investment horizon FTAI Infrastructure is expected to generate 0.67 times more return on investment than Pinnacle Food. However, FTAI Infrastructure is 1.49 times less risky than Pinnacle Food. It trades about -0.03 of its potential returns per unit of risk. Pinnacle Food Group is currently generating about -0.06 per unit of risk. If you would invest 623.00 in FTAI Infrastructure on May 28, 2025 and sell it today you would lose (90.00) from holding FTAI Infrastructure or give up 14.45% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
FTAI Infrastructure vs. Pinnacle Food Group
Performance |
| Timeline |
| FTAI Infrastructure |
| Pinnacle Food Group |
FTAI Infrastructure and Pinnacle Food Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FTAI Infrastructure and Pinnacle Food
The main advantage of trading using opposite FTAI Infrastructure and Pinnacle Food positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FTAI Infrastructure position performs unexpectedly, Pinnacle Food 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 Pinnacle Food will offset losses from the drop in Pinnacle Food's long position.| FTAI Infrastructure vs. Compass Diversified Holdings | FTAI Infrastructure vs. Fortress Transp Infra | FTAI Infrastructure vs. Griffon | FTAI Infrastructure vs. Matthews International |
| Pinnacle Food vs. Skycorp Solar Group | Pinnacle Food vs. Elong Power Holding | Pinnacle Food vs. Westport Fuel Systems | Pinnacle Food vs. Falcons Beyond Global, |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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