FTAI Infrastructure Inc. Common Stock (FIP) Correlation Distribution
Across 6,618 rolling correlation observations between FTAI Infrastructure Inc. Common Stock (FIP) and other NASDAQ-listed stocks, 52.5% are positive and 47.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.052, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,618
- Mean correlation
- 0.052
- Most common range
- -0.7 to -0.6
- Positive pairs
- 52.5%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Railroads, Line-Haul Operating
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 171 | 2.6% | |
| -0.8 to -0.7 | 170 | 2.6% | |
| -0.7 to -0.6 | 614 | 9.3% | |
| -0.6 to -0.5 | 614 | 9.3% | |
| -0.5 to -0.4 | 419 | 6.3% | |
| -0.4 to -0.3 | 419 | 6.3% | |
| -0.3 to -0.2 | 254 | 3.8% | |
| -0.2 to -0.1 | 253 | 3.8% | |
| -0.1 to 0.0 | 230 | 3.5% | |
| 0.0 to 0.1 | 229 | 3.5% | |
| 0.1 to 0.2 | 288 | 4.4% | |
| 0.2 to 0.3 | 288 | 4.4% | |
| 0.3 to 0.4 | 336 | 5.1% | |
| 0.4 to 0.5 | 335 | 5.1% | |
| 0.5 to 0.6 | 482 | 7.3% | |
| 0.6 to 0.7 | 482 | 7.3% | |
| 0.7 to 0.8 | 495 | 7.5% | |
| 0.8 to 0.9 | 495 | 7.5% | |
| 0.9 to 1.0 | 42 | 0.6% |
Frequently asked questions
What is the average correlation of FIP?
FTAI Infrastructure Inc. Common Stock (FIP) has an average correlation of about 0.052 with other NASDAQ stocks, based on 6,618 pairwise observations.
Is FIP positively correlated with other stocks?
Mostly yes — 52.5% of pairs are positive and 47.5% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for FIP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for FIP.
Open interactive dashboard →