DXP Enterprises Correlations

DXPE Stock

USD 150.71 3.29 2.14%

The current 90-days correlation between DXP Enterprises and Power Solutions International is 0.31 (i.e., Weak diversification). The correlation of DXP Enterprises 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.

DXP Enterprises Correlation With Market

Very poor diversification

The correlation between DXP Enterprises and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DXP Enterprises and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DXP Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXP Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.

Moving together with DXP Stock

0.96	AL	Air Lease Sell-off Trend	Pair Corr
0.84	DSGR	Distribution Solutions Earnings Call This Week	Pair Corr
0.94	RXL	Rexel SA	Pair Corr
0.69	21W	Redde Northgate PLC	Pair Corr
0.67	VSTS	Vestis	Pair Corr
0.88	0HIT	Iberdrola	Pair Corr
0.96	WLFC	Willis Lease Finance	Pair Corr
0.93	FAST	Fastenal	Pair Corr
0.65	FERG	Ferguson Plc	Pair Corr
0.89	WSO-B	Watsco Inc	Pair Corr
0.76	AER	AerCap Holdings NV	Pair Corr
0.85	AIT	Applied Industrial	Pair Corr
0.75	FZG1	BLUELINX HLDGS DL	Pair Corr
0.79	BXC	BlueLinx Holdings	Pair Corr
0.75	CNM	Core Main	Pair Corr
0.89	GIC	Global Industrial	Pair Corr
0.85	FTAI	FTAI Aviation	Pair Corr
0.95	GWW	WW Grainger	Pair Corr
0.78	MSM	MSC Industrial Direct	Pair Corr
0.91	WC3	Watsco Inc	Pair Corr
0.89	RUS	Russel Metals	Pair Corr
0.89	FAS	Fastenal	Pair Corr
0.77	QXO	QXO Inc	Pair Corr

Moving against DXP Stock

0.86	MSI	Multistack International	Pair Corr
0.73	CAI	Caris Life Sciences Earnings Call Today	Pair Corr
0.57	61F	ELEMENT FLEET MGMT	Pair Corr
0.56	FPR	Fleetpartners Group	Pair Corr
0.87	OEA1	OEM INTERN B	Pair Corr
0.86	IPW	iPower Inc	Pair Corr
0.84	CUCA	Avis Budget Group	Pair Corr
0.79	IGC	India Globalization	Pair Corr
0.77	SIX2	Sixt SE	Pair Corr
0.69	AA4	Amedeo Air Four	Pair Corr
0.62	HNG	Hancock Gore	Pair Corr

Related Correlations Analysis

	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK
PSIX		0.93	0.83	0.88	-0.58	0.55	-0.43	0.84	0.83	0.57	PSIX
HLIO	0.93		0.89	0.9	-0.7	0.5	-0.46	0.96	0.88	0.58	HLIO
VVX	0.83	0.89		0.83	-0.81	0.47	-0.21	0.89	0.79	0.64	VVX
CECO	0.88	0.9	0.83		-0.66	0.59	-0.39	0.9	0.88	0.64	CECO
SCS	-0.58	-0.7	-0.81	-0.66		-0.37	0.17	-0.78	-0.6	-0.44	SCS
PBI	0.55	0.5	0.47	0.59	-0.37		-0.36	0.54	0.59	0.57	PBI
NNE	-0.43	-0.46	-0.21	-0.39	0.17	-0.36		-0.43	-0.42	-0.1	NNE
HNI	0.84	0.96	0.89	0.9	-0.78	0.54	-0.43		0.85	0.63	HNI
EPAC	0.83	0.88	0.79	0.88	-0.6	0.59	-0.42	0.85		0.62	EPAC
ROCK	0.57	0.58	0.64	0.64	-0.44	0.57	-0.1	0.63	0.62		ROCK
	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK

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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

HNI	+ 0.96	HLIO
HLIO	+ 0.93	PSIX
CECO	+ 0.9	HLIO
HNI	+ 0.9	CECO
VVX	+ 0.89	HLIO
HNI	+ 0.89	VVX

High negative correlations

SCS	- 0.81	VVX
HNI	- 0.78	SCS
SCS	- 0.7	HLIO
SCS	- 0.66	CECO
EPAC	- 0.6	SCS
SCS	- 0.58	PSIX

Risk-Adjusted Indicators

There is a big difference between DXP Stock performing well and DXP Enterprises 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 DXP Enterprises' 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
PSIX	4.04	0.79	0.24	0.43	3.36	(5.00)	8.04	(5.36)	25.42
HLIO	1.69	0.38	0.28	0.31	1.22	(1.99)	3.90	(2.69)	9.43
VVX	1.77	0.29	0.14	0.36	1.74	(1.92)	3.90	(3.22)	12.04
CECO	2.18	0.35	0.07	0.47	4.56	(2.23)	4.46	(3.85)	29.09
SCS	0.67	(0.12)	0.00	(0.43)	0.00	0.00	1.68	(1.45)	6.67
PBI	1.43	0.09	0.05	0.18	1.66	(1.62)	2.65	(2.96)	13.00
NNE	4.56	(0.26)	0.00	(0.30)	0.00	0.00	9.26	(8.44)	23.43
HNI	1.18	0.17	0.10	0.31	1.24	(1.38)	2.93	(1.74)	8.39
EPAC	1.51	0.16	0.04	0.99	1.98	(1.61)	3.65	(2.83)	12.80
ROCK	2.03	0.05	0.03	0.13	2.60	(2.29)	5.00	(3.84)	18.97

DXP Enterprises Corporate Management

Todd Hamlin	Sr. VP of Service Centers	Profile
David Santos	VP Officer	Profile
Christopher Gregory	Chief VP	Profile
Paz Maestas	Senior Officer	Profile
David Sr	Senior Operations	Profile
Wick Norbert	VP Controller	Profile

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