FedEx Correlations

FDX Stock

USD 226.04 2.74 1.23%

The current 90-days correlation between FedEx and GXO Logistics is 0.76 (i.e., Poor diversification). The correlation of FedEx 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

FedEx Correlation With Market

Poor diversification

The correlation between FedEx and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FedEx and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FedEx Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FedEx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy FedEx Stock please use our How to Invest in FedEx guide.

Moving together with FedEx Stock

0.75	EXPD	Expeditors International	Pair Corr
0.77	FLX	BingEx	Pair Corr
0.61	GXO	GXO Logistics Upward Rally	Pair Corr
0.72	JYD	Jayud Global Logistics	Pair Corr
0.77	FWRD	Forward Air	Pair Corr
0.89	UPS	United Parcel Service	Pair Corr
0.89	HUBG	Hub Group	Pair Corr
0.91	JBHT	JB Hunt Transport	Pair Corr
0.87	LSTR	Landstar System	Pair Corr
0.84	RLGT	Radiant Logistics	Pair Corr
0.71	PBI-PB	Pitney Bowes NT	Pair Corr
0.86	CHRW	CH Robinson Worldwide	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr

Related Correlations Analysis

	GXO	JBHT	EXPD	CHRW	HUBG	LSTR	FWRD
GXO		0.66	0.57	0.6	0.38	0.38	0.76	GXO
JBHT	0.66		0.75	0.91	0.91	0.88	0.68	JBHT
EXPD	0.57	0.75		0.83	0.69	0.68	0.81	EXPD
CHRW	0.6	0.91	0.83		0.89	0.89	0.69	CHRW
HUBG	0.38	0.91	0.69	0.89		0.96	0.56	HUBG
LSTR	0.38	0.88	0.68	0.89	0.96		0.57	LSTR
FWRD	0.76	0.68	0.81	0.69	0.56	0.57		FWRD
	GXO	JBHT	EXPD	CHRW	HUBG	LSTR	FWRD

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Risk-Adjusted Indicators

There is a big difference between FedEx Stock performing well and FedEx Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FedEx's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GXO	2.08	0.25	0.09	0.19	2.69	(2.25)	4.28	(4.98)	17.67
JBHT	1.90	(0.08)	0.00	(0.03)	0.00	0.00	3.61	(3.90)	17.10
EXPD	1.50	(0.03)	0.00	(0.60)	0.00	0.00	2.90	(3.05)	11.90
CHRW	1.28	(0.12)	0.00	(0.10)	0.00	0.00	1.88	(2.47)	10.74
HUBG	1.92	(0.19)	0.00	(0.12)	0.00	0.00	2.99	(3.92)	15.31
LSTR	1.53	(0.14)	0.00	(0.12)	0.00	0.00	2.88	(2.69)	10.78
FWRD	4.54	0.42	0.05	(0.57)	6.44	(4.93)	14.06	(9.64)	41.55

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FedEx Correlations

FedEx Correlation With Market

Poor diversification

Moving together with FedEx Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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