XPO Logistics Correlations
XPO Stock | USD 90.43 15.13 14.33% |
The current 90-days correlation between XPO Logistics and Knight Transportation is -0.25 (i.e., Very good 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
Significant diversification
The correlation between XPO Logistics and DJI is 0.02 (i.e., Significant 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.
XPO |
Moving together with XPO Stock
0.76 | CP | Canadian Pacific Railway | PairCorr |
0.93 | VLRS | Volaris | PairCorr |
0.9 | WERN | Werner Enterprises | PairCorr |
0.91 | AAL | American Airlines | PairCorr |
0.89 | ALK | Alaska Air Group Earnings Call This Week | PairCorr |
0.79 | CNI | Canadian National Railway | PairCorr |
0.91 | CSX | CSX Corporation Earnings Call This Week | PairCorr |
0.92 | DAL | Delta Air Lines | PairCorr |
0.91 | KNX | Knight Transportation | PairCorr |
0.82 | NSC | Norfolk Southern | PairCorr |
0.8 | RXO | RXO Inc | PairCorr |
0.93 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
0.66 | ULH | Universal Logistics | PairCorr |
0.94 | HTLD | Heartland Express | PairCorr |
0.83 | JBLU | JetBlue Airways Corp | PairCorr |
0.76 | MESA | Mesa Air Group Buyout Trend | PairCorr |
0.88 | MRTN | Marten Transport Earnings Call This Week | PairCorr |
0.91 | ODFL | Old Dominion Freight | PairCorr |
0.73 | PAMT | PAMT P Symbol Change | PairCorr |
0.9 | AIRT | Air T Inc | PairCorr |
0.9 | ALGT | Allegiant Travel | PairCorr |
0.93 | SAIA | Saia Inc | PairCorr |
0.92 | ARCB | ArcBest Corp | PairCorr |
0.89 | SKYW | SkyWest | PairCorr |
0.9 | SNDR | Schneider National | PairCorr |
0.9 | SNCY | Sun Country Airlines | PairCorr |
0.71 | AZUL | Azul SA | PairCorr |
0.79 | SRFM | Surf Air Mobility | PairCorr |
0.9 | TFII | TFI International | PairCorr |
Moving against XPO Stock
Related Correlations Analysis
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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
| High negative correlations
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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 | 1.74 | (0.28) | 0.00 | (0.34) | 0.00 | 2.97 | 16.79 | |||
SNDR | 1.54 | (0.29) | 0.00 | (0.39) | 0.00 | 2.42 | 10.90 | |||
HTLD | 1.61 | (0.27) | 0.00 | (0.45) | 0.00 | 2.78 | 9.79 | |||
SAIA | 2.74 | (0.18) | 0.00 | (0.22) | 0.00 | 4.52 | 18.84 | |||
ARCB | 2.36 | (0.36) | 0.00 | (0.30) | 0.00 | 3.92 | 16.16 | |||
YELL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
WERN | 1.51 | (0.27) | 0.00 | (0.48) | 0.00 | 2.52 | 12.13 | |||
MRTN | 1.38 | (0.24) | 0.00 | 5.64 | 0.00 | 2.82 | 8.96 | |||
ODFL | 1.95 | (0.05) | 0.00 | (0.15) | 0.00 | 2.54 | 13.98 | |||
TFII | 2.15 | (0.58) | 0.00 | (0.61) | 0.00 | 3.35 | 23.82 |