RXO Correlations

RXO Stock

USD 16.17 0.44 2.65%

The current 90-days correlation between RXO Inc and Old Dominion Freight is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RXO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RXO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RXO Correlation With Market

Poor diversification

The correlation between RXO Inc and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RXO Inc and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RXO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with RXO Stock

0.89	AAL	American Airlines Earnings Call This Week	Pair Corr
0.86	NSC	Norfolk Southern	Pair Corr
0.83	ODFL	Old Dominion Freight Earnings Call This Week	Pair Corr
0.77	RYAAY	Ryanair Holdings PLC Earnings Call This Week	Pair Corr
0.88	SNCY	Sun Country Airlines	Pair Corr
0.93	TFII	TFI International Earnings Call This Week	Pair Corr
0.84	J	Jacobs Solutions	Pair Corr
0.86	R	Ryder System Earnings Call This Week	Pair Corr
0.87	AL	Air Lease	Pair Corr
0.71	AP	Ampco Pittsburgh	Pair Corr
0.74	AZ	A2Z Smart Technologies	Pair Corr
0.87	BA	Boeing	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr
0.81	BV	BrightView Holdings	Pair Corr
0.83	BW	Babcock Wilcox Enter	Pair Corr
0.91	BZ	Kanzhun Ltd ADR	Pair Corr
0.86	CP	Canadian Pacific Railway	Pair Corr
0.86	CR	Crane Company	Pair Corr
0.8	CW	Curtiss Wright	Pair Corr
0.85	DE	Deere Company	Pair Corr
0.77	DY	Dycom Industries	Pair Corr
0.83	FA	First Advantage Corp	Pair Corr
0.62	GD	General Dynamics Earnings Call This Week	Pair Corr
0.82	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.89	HY	Hyster Yale Materials	Pair Corr
0.94	IR	Ingersoll Rand	Pair Corr
0.88	KE	Kimball Electronics	Pair Corr
0.85	LZ	LegalZoom	Pair Corr
0.84	NX	Quanex Building Products	Pair Corr

Moving against RXO Stock

0.48	FLYX	flyExclusive,	Pair Corr
0.48	MESA	Mesa Air Group	Pair Corr
0.68	MG	Mistras Group	Pair Corr
0.56	NL	NL Industries	Pair Corr
0.52	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	ODFL	KNX	SAIA	ARCB	WERN	SNDR	MRTN	HTLD	ULH	CVLG
ODFL		0.82	-0.03	0.6	0.34	0.74	0.59	0.77	0.41	0.76	ODFL
KNX	0.82		-0.02	0.82	0.27	0.93	0.64	0.84	0.49	0.95	KNX
SAIA	-0.03	-0.02		0.22	0.48	0.12	0.46	0.2	0.71	-0.14	SAIA
ARCB	0.6	0.82	0.22		0.57	0.93	0.55	0.66	0.7	0.87	ARCB
WERN	0.34	0.27	0.48	0.57		0.49	0.49	0.41	0.71	0.3	WERN
SNDR	0.74	0.93	0.12	0.93	0.49		0.64	0.79	0.62	0.93	SNDR
MRTN	0.59	0.64	0.46	0.55	0.49	0.64		0.71	0.71	0.49	MRTN
HTLD	0.77	0.84	0.2	0.66	0.41	0.79	0.71		0.63	0.78	HTLD
ULH	0.41	0.49	0.71	0.7	0.71	0.62	0.71	0.63		0.45	ULH
CVLG	0.76	0.95	-0.14	0.87	0.3	0.93	0.49	0.78	0.45		CVLG
	ODFL	KNX	SAIA	ARCB	WERN	SNDR	MRTN	HTLD	ULH	CVLG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CVLG	+ 0.95	KNX
SNDR	+ 0.93	KNX
SNDR	+ 0.93	ARCB
CVLG	+ 0.93	SNDR
CVLG	+ 0.87	ARCB
HTLD	+ 0.84	KNX

High negative correlations

CVLG	- 0.14	SAIA
SAIA	- 0.03	ODFL
SAIA	- 0.02	KNX

Risk-Adjusted Indicators

There is a big difference between RXO Stock performing well and RXO 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 RXO'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
ODFL	1.78	0.17	0.00	(0.29)	2.20	(1.91)	3.79	(3.27)	15.17
KNX	1.71	(0.05)	0.02	0.10	1.80	(2.01)	3.89	(3.45)	13.69
SAIA	2.75	(0.38)	0.00	(0.07)	0.00	0.00	5.04	(3.47)	35.70
ARCB	2.60	0.10	0.09	0.18	2.63	(3.07)	6.05	(4.02)	18.84
WERN	1.82	0.07	(0.04)	(0.07)	2.54	(1.97)	4.19	(2.86)	14.28
SNDR	1.49	0.01	0.02	0.14	1.62	(1.54)	3.47	(2.86)	11.11
MRTN	1.34	(0.19)	0.00	(0.06)	0.00	0.00	3.37	(2.56)	8.95
HTLD	1.86	(0.15)	(0.06)	0.00	1.95	(2.20)	4.30	(3.07)	14.53
ULH	2.46	(0.25)	0.00	(0.01)	0.00	0.00	5.19	(4.15)	18.52
CVLG	1.78	0.08	0.09	0.18	1.82	(2.20)	4.65	(2.85)	15.19

RXO Corporate Management

Jason Kerr	Chief Officer	Profile
James Harris	Chief Officer	Profile
Yoav Amiel	Chief Officer	Profile
Lyndon Cron	Senior Sales	Profile

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