XPO Logistics Correlations

XPO Stock

USD 146.53 0.76 0.52%

The current 90-days correlation between XPO Logistics and Knight Transportation is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as XPO Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XPO Logistics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

XPO Logistics Correlation With Market

Very weak diversification

The correlation between XPO Logistics and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XPO Logistics and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XPO Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in XPO Stock, please use our How to Invest in XPO Logistics guide.

Moving together with XPO Stock

0.72	VLRS	Volaris	Pair Corr
0.86	WERN	Werner Enterprises	Pair Corr
0.73	AAL	American Airlines Aggressive Push	Pair Corr
0.68	ALK	Alaska Air Group Fiscal Year End 23rd of January 2025	Pair Corr
0.74	DAL	Delta Air Lines Fiscal Year End 10th of January 2025	Pair Corr
0.88	KNX	Knight Transportation Fiscal Year End 22nd of January 2025	Pair Corr
0.65	LTM	LATAM Airlines Group	Pair Corr
0.69	NSC	Norfolk Southern Fiscal Year End 24th of January 2025	Pair Corr
0.75	UAL	United Airlines Holdings Fiscal Year End 27th of January 2025	Pair Corr
0.76	ULH	Universal Logistics	Pair Corr
0.68	ATCOL	Atlas Corp	Pair Corr
0.94	ODFL	Old Dominion Freight	Pair Corr
0.73	ALGT	Allegiant Travel	Pair Corr
0.83	SAIA	Saia Inc	Pair Corr
0.66	ARCB	ArcBest Corp	Pair Corr
0.94	ATSG	Air Transport Services	Pair Corr
0.82	SKYW	SkyWest	Pair Corr
0.86	SNDR	Schneider National	Pair Corr
0.83	SNCY	Sun Country Airlines	Pair Corr

Moving against XPO Stock

0.74	CP	Canadian Pacific Railway	Pair Corr
0.66	CNI	Canadian National Railway Fiscal Year End 28th of January 2025	Pair Corr
0.5	FLYX	flyExclusive,	Pair Corr
0.44	UNP	Union Pacific Fiscal Year End 23rd of January 2025	Pair Corr
0.65	MESA	Mesa Air Group Fiscal Year End 24th of January 2025	Pair Corr
0.37	AIRT	Air T Inc Downward Rally	Pair Corr
0.75	BEST	BEST Inc	Pair Corr
0.45	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	KNX	SNDR	HTLD	SAIA	ARCB	YELL	WERN	MRTN	ODFL	TFII
KNX		0.89	0.37	0.77	0.77	-0.44	0.95	0.4	0.91	0.41	KNX
SNDR	0.89		0.21	0.93	0.66	-0.63	0.92	0.24	0.9	0.18	SNDR
HTLD	0.37	0.21		-0.05	0.54	0.4	0.34	0.81	0.25	0.84	HTLD
SAIA	0.77	0.93	-0.05		0.56	-0.72	0.81	0.09	0.87	0.02	SAIA
ARCB	0.77	0.66	0.54	0.56		-0.16	0.75	0.65	0.77	0.66	ARCB
YELL	-0.44	-0.63	0.4	-0.72	-0.16		-0.5	0.32	-0.44	0.36	YELL
WERN	0.95	0.92	0.34	0.81	0.75	-0.5		0.36	0.92	0.34	WERN
MRTN	0.4	0.24	0.81	0.09	0.65	0.32	0.36		0.33	0.77	MRTN
ODFL	0.91	0.9	0.25	0.87	0.77	-0.44	0.92	0.33		0.36	ODFL
TFII	0.41	0.18	0.84	0.02	0.66	0.36	0.34	0.77	0.36		TFII
	KNX	SNDR	HTLD	SAIA	ARCB	YELL	WERN	MRTN	ODFL	TFII

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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

WERN	+ 0.95	KNX
SAIA	+ 0.93	SNDR
WERN	+ 0.92	SNDR
ODFL	+ 0.92	WERN
ODFL	+ 0.91	KNX
ODFL	+ 0.9	SNDR

High negative correlations

YELL	- 0.72	SAIA
YELL	- 0.63	SNDR
WERN	- 0.5	YELL
ODFL	- 0.44	YELL
YELL	- 0.44	KNX
YELL	- 0.16	ARCB

Risk-Adjusted Indicators

There is a big difference between XPO Stock performing well and XPO Logistics 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 XPO Logistics' 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
KNX	1.49	(0.02)	0.00	0.07	1.72	(1.54)	3.55	(2.98)	11.16
SNDR	1.14	0.14	0.11	0.22	1.09	(1.26)	2.40	(1.69)	6.88
HTLD	1.27	(0.13)	(0.06)	0.00	1.54	(1.45)	2.38	(2.46)	10.96
SAIA	2.26	0.35	0.18	0.26	2.12	(2.66)	5.11	(4.04)	17.45
ARCB	2.14	(0.19)	(0.02)	0.01	2.45	(2.40)	4.33	(4.09)	22.65
YELL	7.36	0.06	0.01	0.15	9.85	(8.52)	21.13	(19.19)	74.60
WERN	1.33	(0.04)	0.00	0.06	1.37	(1.47)	2.80	(2.37)	10.67
MRTN	1.33	(0.17)	0.00	(0.02)	0.00	0.00	2.42	(2.57)	11.37
ODFL	1.63	(0.03)	0.02	0.07	2.22	(1.60)	2.68	(3.52)	14.71
TFII	1.29	(0.16)	0.00	(0.01)	0.00	0.00	2.49	(2.96)	12.09

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