GXO LOGISTICS Correlations
| 93N Stock | 52.50 4.10 8.47% |
The current 90-days correlation between GXO LOGISTICS INC and Reliance Steel Aluminum is 0.41 (i.e., Very weak diversification). The correlation of GXO LOGISTICS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
GXO LOGISTICS Correlation With Market
Very poor diversification
The correlation between GXO LOGISTICS INC and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GXO LOGISTICS INC and DJI in the same portfolio, assuming nothing else is changed.
GXO |
The ability to find closely correlated positions to GXO LOGISTICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GXO LOGISTICS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GXO LOGISTICS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GXO LOGISTICS INC to buy it.
Moving together with GXO Stock
| 0.69 | IUA | ASTRA GRAPHIA | PairCorr |
| 0.88 | 43C | CACTUS INC CLA | PairCorr |
| 0.79 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.69 | ADH2 | Air Canada | PairCorr |
| 0.87 | TGE1 | MOBILEZONE N | PairCorr |
| 0.82 | LA3A | Laureate Education Earnings Call This Week | PairCorr |
| 0.77 | HIUC | China Taiping Insurance | PairCorr |
| 0.67 | AED | Grupo Aeroportuario del | PairCorr |
| 0.65 | ZNHH | China Southern Airlines | PairCorr |
| 0.69 | GPT | Genuine Parts Earnings Call This Week | PairCorr |
| 0.89 | G40 | GDS Holdings Limited | PairCorr |
| 0.68 | FV6 | EMMI N | PairCorr |
| 0.88 | BSI | BE Semiconductor Ind Earnings Call This Week | PairCorr |
| 0.86 | SKNB | Skanska AB | PairCorr |
| 0.68 | ADB | Adobe Inc | PairCorr |
| 0.82 | ELG | Elmos Semiconductor | PairCorr |
| 0.82 | HKT | HK Electric Investments | PairCorr |
| 0.66 | CVC1 | Carnival plc | PairCorr |
| 0.69 | CPA | Colgate Palmolive | PairCorr |
| 0.62 | LOR | LOral SA | PairCorr |
| 0.85 | 485B | Amcor PLC Split | PairCorr |
Moving against GXO Stock
| 0.82 | BNB | BAYAN RESOURCES | PairCorr |
| 0.8 | BNB | BAYAN RESOURCES | PairCorr |
| 0.4 | KMY | Kimberly Clark | PairCorr |
| 0.33 | 8LU | TAURUS ENERGY AB | PairCorr |
| 0.86 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.54 | 777 | EUROSPORTS GLOBAL LTD | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between GXO Stock performing well and GXO 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 GXO LOGISTICS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HHX | 2.42 | 0.21 | 0.02 | (0.88) | 3.43 | 8.51 | 25.94 | |||
| 94P | 1.87 | (0.02) | 0.00 | (0.12) | 0.00 | 3.44 | 11.80 | |||
| DVDG | 0.47 | 0.15 | 0.14 | (3.52) | 0.34 | 1.00 | 3.06 | |||
| BTC1 | 2.30 | (0.62) | 0.00 | (0.79) | 0.00 | 3.98 | 14.40 | |||
| RS6 | 1.21 | 0.34 | 0.28 | 0.93 | 0.76 | 3.18 | 5.55 | |||
| 9K1 | 1.52 | 0.31 | 0.11 | (0.39) | 1.64 | 3.87 | 12.62 | |||
| 9TO | 2.06 | 0.54 | 0.20 | (8.58) | 1.91 | 5.26 | 13.02 | |||
| SVKB | 1.16 | 0.43 | 0.24 | 0.78 | 1.19 | 3.05 | 6.58 | |||
| FUC | 2.52 | 0.38 | 0.12 | (1.19) | 2.28 | 5.00 | 20.33 | |||
| 8SP | 1.12 | (0.15) | 0.00 | (0.15) | 0.00 | 2.84 | 23.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GXO LOGISTICS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Latest Portfolios Now
Latest PortfoliosQuick portfolio dashboard that showcases your latest portfolios |
| All Next | Launch Module |
GXO LOGISTICS Corporate Management
Elected by the shareholders, the GXO LOGISTICS's board of directors comprises two types of representatives: GXO LOGISTICS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GXO. The board's role is to monitor GXO LOGISTICS's management team and ensure that shareholders' interests are well served. GXO LOGISTICS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GXO LOGISTICS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Willem Veekens | Managing Netherlands | Profile | |
| Karlis Kirsis | Chief Secretary | Profile | |
| Patrick Kelleher | Chief Officer | Profile | |
| Elizabeth Fogarty | Chief Officer | Profile | |
| Meagan Fitzsimmons | Chief Officer | Profile | |
| Adrian Stoch | Chief Officer | Profile | |
| Paul Blanchett | Chief Officer | Profile |