DXP Enterprises Correlations

DXPE Stock

USD 107.72 2.07 1.89%

The current 90-days correlation between DXP Enterprises and Power Solutions International is 0.37 (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 weak diversification

The correlation between DXP Enterprises and DJI is 0.52 (i.e., Very weak 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 main economic indicators.

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

Moving together with DXP Stock

0.71	HD	Home Depot	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.81	BA	Boeing	Pair Corr
0.72	DIS	Walt Disney	Pair Corr

Moving against DXP Stock

0.76	KO	Coca Cola	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.59	DD	Dupont De Nemours	Pair Corr
0.51	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.49	JNJ	Johnson Johnson	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.35	IBM	International Business	Pair Corr
0.33	FTV	Fortive Corp	Pair Corr

Related Correlations Analysis

	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK
PSIX		-0.11	0.78	-0.34	0.67	0.64	0.84	0.63	0.73	0.84	PSIX
HLIO	-0.11		0.09	0.46	-0.2	-0.01	-0.22	-0.15	0.32	-0.07	HLIO
VVX	0.78	0.09		-0.25	0.6	0.69	0.72	0.69	0.76	0.83	VVX
CECO	-0.34	0.46	-0.25		-0.55	-0.03	-0.53	-0.04	-0.18	-0.52	CECO
SCS	0.67	-0.2	0.6	-0.55		0.49	0.58	0.37	0.65	0.8	SCS
PBI	0.64	-0.01	0.69	-0.03	0.49		0.44	0.88	0.56	0.59	PBI
NNE	0.84	-0.22	0.72	-0.53	0.58	0.44		0.45	0.57	0.8	NNE
HNI	0.63	-0.15	0.69	-0.04	0.37	0.88	0.45		0.44	0.51	HNI
EPAC	0.73	0.32	0.76	-0.18	0.65	0.56	0.57	0.44		0.8	EPAC
ROCK	0.84	-0.07	0.83	-0.52	0.8	0.59	0.8	0.51	0.8		ROCK
	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.88	PBI
NNE	+ 0.84	PSIX
ROCK	+ 0.84	PSIX
ROCK	+ 0.83	VVX
ROCK	+ 0.8	SCS
ROCK	+ 0.8	NNE

High negative correlations

SCS	- 0.55	CECO
NNE	- 0.53	CECO
ROCK	- 0.52	CECO
CECO	- 0.34	PSIX
CECO	- 0.25	VVX
NNE	- 0.22	HLIO

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	4.02	(0.73)	0.00	(0.22)	0.00	0.00	7.68	(8.26)	29.92
HLIO	1.76	(0.01)	0.02	0.05	1.82	(2.03)	3.89	(3.23)	12.53
VVX	1.52	(0.14)	0.00	(0.04)	0.00	0.00	3.81	(2.67)	9.31
CECO	2.37	0.22	0.07	0.26	2.98	(2.51)	4.53	(4.14)	18.87
SCS	0.67	(0.11)	0.00	(0.48)	0.00	0.00	1.68	(1.45)	6.67
PBI	1.46	(0.18)	0.00	(0.12)	0.00	0.00	3.12	(2.96)	14.08
NNE	5.16	(0.50)	0.00	(0.08)	0.00	0.00	9.37	(9.64)	37.48
HNI	1.09	(0.18)	0.00	(0.15)	0.00	0.00	2.25	(2.09)	9.18
EPAC	1.39	(0.11)	0.00	(0.03)	0.00	0.00	3.65	(2.53)	13.58
ROCK	2.11	(0.42)	0.00	(0.11)	0.00	0.00	4.35	(5.32)	25.75

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC