XPO Logistics Correlations

XPO Stock

USD 130.51 4.22 3.34%

The current 90-days correlation between XPO Logistics and Molson Coors Brewing is -0.04 (i.e., 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

Good diversification

The correlation between XPO Logistics and DJI is -0.04 (i.e., Good 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.

Build AI portfolio with XPO Stock

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

0.8	CP	Canadian Pacific Railway	Pair Corr
0.88	AAL	American Airlines	Pair Corr
0.7	ALK	Alaska Air Group	Pair Corr
0.84	CNI	Canadian National Railway	Pair Corr
0.87	CPA	Copa Holdings SA	Pair Corr
0.88	CSX	CSX Corporation Aggressive Push	Pair Corr
0.87	DAL	Delta Air Lines	Pair Corr
0.9	KNX	Knight Transportation	Pair Corr
0.86	LTM	LATAM Airlines Group	Pair Corr
0.83	LUV	Southwest Airlines Aggressive Push	Pair Corr
0.87	NSC	Norfolk Southern	Pair Corr
0.77	UAL	United Airlines Holdings	Pair Corr
0.63	UNP	Union Pacific	Pair Corr
0.88	ATCOL	Atlas Corp	Pair Corr
0.68	ODFL	Old Dominion Freight	Pair Corr
0.79	RYAAY	Ryanair Holdings PLC	Pair Corr
0.81	ALGT	Allegiant Travel	Pair Corr
0.65	ARCB	ArcBest Corp	Pair Corr
0.91	SKYW	SkyWest	Pair Corr
0.93	SNDR	Schneider National	Pair Corr
0.69	SNCY	Sun Country Airlines	Pair Corr
0.86	TFII	TFI International	Pair Corr
0.9	CVLG	Covenant Logistics Group,	Pair Corr

Moving against XPO Stock

0.45	FLYX	flyExclusive,	Pair Corr
0.44	SAIA	Saia Inc	Pair Corr
0.37	RVSNW	Rail Vision	Pair Corr
0.33	MESA	Mesa Air Group	Pair Corr
0.66	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	BUD	TAP	SCSC	FMX	KLTR	NOW	VALN
BUD		-0.85	0.87	0.75	0.61	0.85	-0.57	BUD
TAP	-0.85		-0.83	-0.44	-0.33	-0.75	0.81	TAP
SCSC	0.87	-0.83		0.53	0.58	0.89	-0.62	SCSC
FMX	0.75	-0.44	0.53		0.69	0.68	-0.07	FMX
KLTR	0.61	-0.33	0.58	0.69		0.78	-0.07	KLTR
NOW	0.85	-0.75	0.89	0.68	0.78		-0.54	NOW
VALN	-0.57	0.81	-0.62	-0.07	-0.07	-0.54		VALN
	BUD	TAP	SCSC	FMX	KLTR	NOW	VALN

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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

NOW	+ 0.89	SCSC
SCSC	+ 0.87	BUD
NOW	+ 0.85	BUD
VALN	+ 0.81	TAP
NOW	+ 0.78	KLTR
FMX	+ 0.75	BUD

High negative correlations

TAP	- 0.85	BUD
SCSC	- 0.83	TAP
NOW	- 0.75	TAP
VALN	- 0.62	SCSC
VALN	- 0.57	BUD
VALN	- 0.54	NOW

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
BUD	1.02	0.16	0.08	0.56	1.02	(1.12)	2.29	(2.04)	6.90
TAP	1.06	(0.35)	0.00	(0.74)	0.00	0.00	1.40	(2.39)	8.06
SCSC	1.62	0.21	0.10	0.29	1.88	(1.80)	4.56	(3.28)	11.99
FMX	1.20	0.07	0.01	0.28	1.71	(1.18)	2.29	(2.55)	7.78
KLTR	2.00	0.02	(0.02)	0.23	2.47	(2.25)	4.07	(3.86)	12.92
NOW	1.84	0.35	0.11	(4.46)	2.07	(2.01)	3.63	(3.62)	18.66
VALN	2.46	(0.40)	0.00	(0.23)	0.00	0.00	4.35	(6.79)	18.89

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