ALTG, NYSE

Alta Equipment Group Inc. (ALTG)

Price (as of October 24)

11.44USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

GATX

GATX Corporation

-0.11

PRG

PROG Holdings, Inc.

-0.07

FTAI

Fortress Transportation and Infrastructure Investors LLC

-0.07

MGRC

McGrath RentCorp

-0.06

R

Ryder System, Inc.

-0.06

BRDS

Bird Global, Inc.

-0.05

TRTN

Triton International Limited

-0.04

UHAL

AMERCO

-0.03

URI

United Rentals, Inc.

-0.03

FTAIO

Fortress Transportation and Infrastructure Investors LLC

-0.03

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Highest within Industry

Symbol Correlation

AER

AerCap Holdings N.V.

0.21

AL

Air Lease Corporation

0.17

HTZ

Hertz Global Holdings, Inc.

0.15

HYRE

HyreCar Inc.

0.09

TGH

Textainer Group Holdings Limited

0.08

AHT.L

Ashtead Group plc

0.05

CTOS

Custom Truck One Source, Inc.

0.05

HRI

Herc Holdings Inc.

0.05

CAR

Avis Budget Group, Inc.

0.03

AAN

The Aaron's Company, Inc.

0.03

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Profile

Sector:
Industrials
Industry:
Rental & Leasing Services

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.