FedEx Net Worth
FedEx Net Worth Breakdown | FDX |
FedEx Net Worth Analysis
FedEx's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including FedEx's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of FedEx's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform FedEx's net worth analysis. One common approach is to calculate FedEx's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares FedEx's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing FedEx's net worth. This approach calculates the present value of FedEx's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of FedEx's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate FedEx's net worth. This involves comparing FedEx's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into FedEx's net worth relative to its peers.
Enterprise Value |
|
To determine if FedEx is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding FedEx's net worth research are outlined below:
FedEx has a frail financial position based on the latest SEC disclosures | |
Over 79.0% of the company shares are owned by institutional investors | |
On 8th of July 2025 FedEx paid $ 1.45 per share dividend to its current shareholders | |
Latest headline from thelincolnianonline.com: FedEx Stock Rating Upgraded by Dbs Bank |
FedEx Quarterly Good Will |
|
FedEx uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in FedEx. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to FedEx's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
21st of March 2024 Upcoming Quarterly Report | View | |
18th of June 2024 Next Financial Report | View | |
29th of February 2024 Next Fiscal Quarter End | View | |
18th of June 2024 Next Fiscal Year End | View | |
30th of November 2023 Last Quarter Report | View | |
31st of May 2023 Last Financial Announcement | View |
FedEx Target Price Consensus
FedEx target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. FedEx's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
32 | Strong Buy |
Most FedEx analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand FedEx stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of FedEx, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationFedEx Target Price Projection
FedEx's current and average target prices are 233.81 and 266.30, respectively. The current price of FedEx is the price at which FedEx is currently trading. On the other hand, FedEx's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On FedEx Target Price
Know FedEx's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as FedEx is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading FedEx backward and forwards among themselves. FedEx's institutional investor refers to the entity that pools money to purchase FedEx's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Norges Bank | 2025-06-30 | 2.7 M | Gates Bill & Melinda Foundation | 2025-06-30 | 2.5 M | Dimensional Fund Advisors, Inc. | 2025-06-30 | 2.5 M | Northern Trust Corp | 2025-03-31 | 2.3 M | Hotchkis & Wiley Capital Management Llc | 2025-06-30 | 2.1 M | Bank Of New York Mellon Corp | 2025-03-31 | 2.1 M | Bank Of America Corp | 2025-03-31 | 1.8 M | Ubs Asset Mgmt Americas Inc | 2025-06-30 | 1.6 M | Alpine Investment Management Llc | 2025-06-30 | 1.6 M | Vanguard Group Inc | 2025-06-30 | 20.7 M | Blackrock Inc | 2025-03-31 | 16.4 M |
Follow FedEx's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 55.87 B.Market Cap |
|
Project FedEx's profitablity
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.05 | 0.04 | |
Return On Capital Employed | 0.07 | 0.11 | |
Return On Assets | 0.05 | 0.03 | |
Return On Equity | 0.15 | 0.09 |
When accessing FedEx's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures FedEx's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of FedEx's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in FedEx's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of FedEx. Check FedEx's Beneish M Score to see the likelihood of FedEx's management manipulating its earnings.
Evaluate FedEx's management efficiency
FedEx has Return on Asset of 0.0483 % which means that on every $100 spent on assets, it made $0.0483 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1471 %, implying that it generated $0.1471 on every 100 dollars invested. FedEx's management efficiency ratios could be used to measure how well FedEx manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to rise to 0.11 in 2025, whereas Return On Tangible Assets are likely to drop 0.04 in 2025. At this time, FedEx's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 72.7 B in 2025, whereas Other Current Assets are likely to drop slightly above 646 M in 2025.Last Reported | Projected for Next Year | ||
Book Value Per Share | 115.53 | 121.31 | |
Tangible Book Value Per Share | 88.36 | 92.78 | |
Enterprise Value Over EBITDA | 8.38 | 6.02 | |
Price Book Value Ratio | 1.89 | 1.84 | |
Enterprise Value Multiple | 8.38 | 6.02 | |
Price Fair Value | 1.89 | 1.84 | |
Enterprise Value | 22.8 B | 13 B |
Management at FedEx focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Enterprise Value Revenue 0.9984 | Revenue | Quarterly Revenue Growth 0.139 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific FedEx insiders, such as employees or executives, is commonly permitted as long as it does not rely on FedEx's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases FedEx insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Smith Richard W over a year ago Acquisition by Smith Richard W of 1875 shares of FedEx at 143.55 subject to Rule 16b-3 | ||
Smith Richard W over a year ago Disposition of 6605 shares by Smith Richard W of FedEx at 294.605 subject to Rule 16b-3 | ||
Paul Walsh over a year ago Acquisition by Paul Walsh of 745 shares of FedEx subject to Rule 16b-3 | ||
Willmott Peter S over a year ago Sale by Willmott Peter S of 400 shares of FedEx |
FedEx Corporate Filings
F3 | 21st of August 2025 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
19th of August 2025 Other Reports | ViewVerify | |
18th of August 2025 Other Reports | ViewVerify | |
8K | 12th of August 2025 An amendment to a previously filed Form 8-K | ViewVerify |
FedEx Earnings Estimation Breakdown
The calculation of FedEx's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of FedEx is estimated to be 3.71 with the future projection ranging from a low of 3.498 to a high of 3.86. Please be aware that this consensus of annual earnings estimates for FedEx is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
3.50 Lowest | Expected EPS | 3.86 Highest |
FedEx Earnings Projection Consensus
Suppose the current estimates of FedEx's value are higher than the current market price of the FedEx stock. In this case, investors may conclude that FedEx is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and FedEx's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of August 2025 | Current EPS (TTM) | |
31 | 87.96% | 6.07 | 3.71 | 16.81 |
FedEx Earnings History
Earnings estimate consensus by FedEx analysts from Wall Street is used by the market to judge FedEx's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only FedEx's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.FedEx Quarterly Gross Profit |
|
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FedEx's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
FedEx Earnings per Share Projection vs Actual
Actual Earning per Share of FedEx refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering FedEx predict the company's earnings will be in the future. The higher the earnings per share of FedEx, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.FedEx Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as FedEx, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of FedEx should always be considered in relation to other companies to make a more educated investment decision.FedEx Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact FedEx's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2025-06-24 | 2025-05-31 | 5.8 | 6.07 | 0.27 | 4 | ||
2025-03-20 | 2025-02-28 | 4.62 | 4.51 | -0.11 | 2 | ||
2024-12-19 | 2024-11-30 | 3.97 | 4.05 | 0.08 | 2 | ||
2024-09-19 | 2024-08-31 | 4.77 | 3.6 | -1.17 | 24 | ||
2024-06-25 | 2024-05-31 | 5.37 | 5.41 | 0.04 | 0 | ||
2024-03-21 | 2024-02-29 | 3.48 | 3.86 | 0.38 | 10 | ||
2023-12-19 | 2023-11-30 | 4.2 | 3.99 | -0.21 | 5 | ||
2023-09-20 | 2023-08-31 | 3.75 | 4.55 | 0.8 | 21 | ||
2023-06-20 | 2023-05-31 | 4.88 | 4.94 | 0.06 | 1 | ||
2023-03-16 | 2023-02-28 | 2.74 | 3.41 | 0.67 | 24 | ||
2022-12-20 | 2022-11-30 | 2.82 | 3.18 | 0.36 | 12 | ||
2022-09-15 | 2022-08-31 | 5.14 | 3.44 | -1.7 | 33 | ||
2022-06-23 | 2022-05-31 | 6.88 | 6.87 | -0.01 | 0 | ||
2022-03-17 | 2022-02-28 | 4.65 | 4.59 | -0.06 | 1 | ||
2021-12-16 | 2021-11-30 | 4.29 | 4.83 | 0.54 | 12 | ||
2021-09-21 | 2021-08-31 | 4.92 | 4.37 | -0.55 | 11 | ||
2021-06-24 | 2021-05-31 | 5 | 5.01 | 0.01 | 0 | ||
2021-03-18 | 2021-02-28 | 3.24 | 3.47 | 0.23 | 7 | ||
2020-12-17 | 2020-11-30 | 4.01 | 4.83 | 0.82 | 20 | ||
2020-09-15 | 2020-08-31 | 2.72 | 4.87 | 2.15 | 79 | ||
2020-06-30 | 2020-05-31 | 1.57 | 2.53 | 0.96 | 61 | ||
2020-03-17 | 2020-02-29 | 1.27 | 1.41 | 0.14 | 11 | ||
2019-12-17 | 2019-11-30 | 2.79 | 2.51 | -0.28 | 10 | ||
2019-09-17 | 2019-08-31 | 3.15 | 3.05 | -0.1 | 3 | ||
2019-06-25 | 2019-05-31 | 4.83 | 5.01 | 0.18 | 3 | ||
2019-03-19 | 2019-02-28 | 3.1 | 3.03 | -0.07 | 2 | ||
2018-12-18 | 2018-11-30 | 3.93 | 4.03 | 0.1 | 2 | ||
2018-09-17 | 2018-08-31 | 3.8 | 3.46 | -0.34 | 8 | ||
2018-06-19 | 2018-05-31 | 5.71 | 5.91 | 0.2 | 3 | ||
2018-03-20 | 2018-02-28 | 3.11 | 3.72 | 0.61 | 19 | ||
2017-12-19 | 2017-11-30 | 2.88 | 3.18 | 0.3 | 10 | ||
2017-09-19 | 2017-08-31 | 3.09 | 3.32 | 0.23 | 7 | ||
2017-06-20 | 2017-05-31 | 3.87 | 4.25 | 0.38 | 9 | ||
2017-03-21 | 2017-02-28 | 2.62 | 2.35 | -0.27 | 10 | ||
2016-12-20 | 2016-11-30 | 2.91 | 2.8 | -0.11 | 3 | ||
2016-09-20 | 2016-08-31 | 2.78 | 2.9 | 0.12 | 4 | ||
2016-06-21 | 2016-05-31 | 3.28 | 3.3 | 0.02 | 0 | ||
2016-03-16 | 2016-02-29 | 2.34 | 2.51 | 0.17 | 7 | ||
2015-12-16 | 2015-11-30 | 2.5 | 2.58 | 0.08 | 3 | ||
2015-09-16 | 2015-08-31 | 2.45 | 2.42 | -0.03 | 1 | ||
2015-06-17 | 2015-05-31 | 2.69 | 2.66 | -0.03 | 1 | ||
2015-03-18 | 2015-02-28 | 1.88 | 2.01 | 0.13 | 6 | ||
2014-12-17 | 2014-11-30 | 2.22 | 2.14 | -0.08 | 3 | ||
2014-09-17 | 2014-08-31 | 1.95 | 2.1 | 0.15 | 7 | ||
2014-06-18 | 2014-05-31 | 2.36 | 2.46 | 0.1 | 4 | ||
2014-03-19 | 2014-02-28 | 1.46 | 1.23 | -0.23 | 15 | ||
2013-12-18 | 2013-11-30 | 1.65 | 1.57 | -0.08 | 4 | ||
2013-09-18 | 2013-08-31 | 1.5 | 1.53 | 0.03 | 2 | ||
2013-06-19 | 2013-05-31 | 1.96 | 2.13 | 0.17 | 8 | ||
2013-03-20 | 2013-02-28 | 1.38 | 1.23 | -0.15 | 10 | ||
2012-12-19 | 2012-11-30 | 1.41 | 1.39 | -0.02 | 1 | ||
2012-09-18 | 2012-08-31 | 1.4 | 1.45 | 0.05 | 3 | ||
2012-06-19 | 2012-05-31 | 1.92 | 1.99 | 0.07 | 3 | ||
2012-03-22 | 2012-02-29 | 1.34 | 1.55 | 0.21 | 15 | ||
2011-12-15 | 2011-11-30 | 1.53 | 1.57 | 0.04 | 2 | ||
2011-09-22 | 2011-08-31 | 1.45 | 1.46 | 0.01 | 0 | ||
2011-06-22 | 2011-05-31 | 1.73 | 1.73 | 0.0 | 0 | ||
2011-03-17 | 2011-02-28 | 0.82 | 0.81 | -0.01 | 1 | ||
2010-12-16 | 2010-11-30 | 1.31 | 1.16 | -0.15 | 11 | ||
2010-09-16 | 2010-08-31 | 1.2 | 1.2 | 0.0 | 0 | ||
2010-06-16 | 2010-05-31 | 1.32 | 1.36 | 0.04 | 3 | ||
2010-03-18 | 2010-02-28 | 0.73 | 0.76 | 0.03 | 4 | ||
2009-12-17 | 2009-11-30 | 1.1 | 1.1 | 0.0 | 0 | ||
2009-09-17 | 2009-08-31 | 0.58 | 0.58 | 0.0 | 0 | ||
2009-06-17 | 2009-05-31 | 0.51 | 0.64 | 0.13 | 25 | ||
2009-03-19 | 2009-02-28 | 0.46 | 0.31 | -0.15 | 32 | ||
2008-12-18 | 2008-11-30 | 1.58 | 1.58 | 0.0 | 0 | ||
2008-09-18 | 2008-08-31 | 1.23 | 1.23 | 0.0 | 0 | ||
2008-06-18 | 2008-05-31 | 1.47 | 1.45 | -0.02 | 1 | ||
2008-03-20 | 2008-02-29 | 1.23 | 1.26 | 0.03 | 2 | ||
2007-12-20 | 2007-11-30 | 1.5 | 1.54 | 0.04 | 2 | ||
2007-09-20 | 2007-08-31 | 1.54 | 1.58 | 0.04 | 2 | ||
2007-06-20 | 2007-05-31 | 1.96 | 1.9 | -0.06 | 3 | ||
2007-03-21 | 2007-02-28 | 1.33 | 1.35 | 0.02 | 1 | ||
2006-12-20 | 2006-11-30 | 1.74 | 1.89 | 0.15 | 8 | ||
2006-09-21 | 2006-08-31 | 1.51 | 1.53 | 0.02 | 1 | ||
2006-06-21 | 2006-05-31 | 1.77 | 1.82 | 0.05 | 2 | ||
2006-03-22 | 2006-02-28 | 1.3 | 1.38 | 0.08 | 6 | ||
2005-12-21 | 2005-11-30 | 1.4 | 1.53 | 0.13 | 9 | ||
2005-09-21 | 2005-08-31 | 1.17 | 1.25 | 0.08 | 6 | ||
2005-06-23 | 2005-05-31 | 1.48 | 1.46 | -0.02 | 1 | ||
2005-03-17 | 2005-02-28 | 0.98 | 1.03 | 0.05 | 5 | ||
2004-12-16 | 2004-11-30 | 1.26 | 1.21 | -0.05 | 3 | ||
2004-09-22 | 2004-08-31 | 1.08 | 1.08 | 0.0 | 0 | ||
2004-06-23 | 2004-05-31 | 1.34 | 1.33 | -0.01 | 0 | ||
2004-03-17 | 2004-02-29 | 0.66 | 0.71 | 0.05 | 7 | ||
2003-12-17 | 2003-11-30 | 0.89 | 0.87 | -0.02 | 2 | ||
2003-09-17 | 2003-08-31 | 0.57 | 0.61 | 0.04 | 7 | ||
2003-06-24 | 2003-05-31 | 0.9 | 0.92 | 0.02 | 2 | ||
2003-03-19 | 2003-02-28 | 0.5 | 0.49 | -0.01 | 2 | ||
2002-12-18 | 2002-11-30 | 0.79 | 0.81 | 0.02 | 2 | ||
2002-09-19 | 2002-08-31 | 0.49 | 0.52 | 0.03 | 6 | ||
2002-06-25 | 2002-05-31 | 0.77 | 0.78 | 0.01 | 1 | ||
2002-03-20 | 2002-02-28 | 0.37 | 0.39 | 0.02 | 5 | ||
2001-12-19 | 2001-11-30 | 0.63 | 0.81 | 0.18 | 28 | ||
2001-09-20 | 2001-08-31 | 0.31 | 0.41 | 0.1 | 32 | ||
2001-06-28 | 2001-05-31 | 0.52 | 0.64 | 0.12 | 23 | ||
2001-03-21 | 2001-02-28 | 0.38 | 0.37 | -0.01 | 2 | ||
2000-12-20 | 2000-11-30 | 0.66 | 0.67 | 0.01 | 1 | ||
2000-09-19 | 2000-08-31 | 0.54 | 0.58 | 0.04 | 7 | ||
2000-06-28 | 2000-05-31 | 0.81 | 0.85 | 0.04 | 4 | ||
2000-03-23 | 2000-02-29 | 0.34 | 0.39 | 0.05 | 14 | ||
1999-12-16 | 1999-11-30 | 0.55 | 0.57 | 0.02 | 3 | ||
1999-09-16 | 1999-08-31 | 0.54 | 0.52 | -0.02 | 3 | ||
1999-06-30 | 1999-05-31 | 0.7 | 0.73 | 0.03 | 4 | ||
1999-03-18 | 1999-02-28 | 0.23 | 0.27 | 0.04 | 17 | ||
1998-12-17 | 1998-11-30 | 0.53 | 0.62 | 0.09 | 16 | ||
1998-09-24 | 1998-08-31 | 0.49 | 0.5 | 0.01 | 2 | ||
1998-07-08 | 1998-05-31 | 0.57 | 0.57 | 0.0 | 0 | ||
1998-03-25 | 1998-02-28 | 0.29 | 0.33 | 0.04 | 13 | ||
1997-12-11 | 1997-11-30 | 0.49 | 0.46 | -0.03 | 6 | ||
1997-09-15 | 1997-08-31 | 0.37 | 0.6 | 0.23 | 62 | ||
1997-06-30 | 1997-05-31 | 0.54 | 0.57 | 0.03 | 5 | ||
1997-03-13 | 1997-02-28 | 0.26 | 0.27 | 0.01 | 3 | ||
1996-12-12 | 1996-11-30 | 0.37 | 0.4 | 0.03 | 8 | ||
1996-09-16 | 1996-08-31 | 0.32 | 0.27 | -0.05 | 15 | ||
1996-07-01 | 1996-05-31 | 0.42 | 0.5 | 0.08 | 19 |
FedEx Corporate Directors
Marvin Ellison | Independent Director | Profile | |
Kimberly Jabal | Independent Director | Profile | |
Shirley Jackson | Independent Director | Profile | |
Joshua Ramo | Independent Director | Profile |
Additional Tools for FedEx Stock Analysis
When running FedEx's price analysis, check to measure FedEx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FedEx is operating at the current time. Most of FedEx's value examination focuses on studying past and present price action to predict the probability of FedEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FedEx's price. Additionally, you may evaluate how the addition of FedEx to your portfolios can decrease your overall portfolio volatility.