DXP Enterprises Correlations

DXPE Stock

USD 137.78 3.34 2.48%

The current 90-days correlation between DXP Enterprises and Power Solutions International is 0.38 (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

Poor diversification

The correlation between DXP Enterprises and DJI is 0.72 (i.e., 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.

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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 persons.

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

Moving together with DXP Stock

0.7	AL	Air Lease	Pair Corr
0.69	DSGR	Distribution Solutions	Pair Corr
0.78	WLFC	Willis Lease Finance	Pair Corr
0.73	FTAI	FTAI Aviation	Pair Corr
0.7	RUSHA	Rush Enterprises A	Pair Corr
0.68	FXL	FUYO GENERAL LEASE Earnings Call This Week	Pair Corr
0.79	WIJ	WILLIS LEASE FIN	Pair Corr
0.63	WS11	WillScot Mobile Mini	Pair Corr
0.63	DBM	Doman Building Materials	Pair Corr
0.75	ADEN	ADENTRA	Pair Corr
0.63	ENS	Enersys Earnings Call This Week	Pair Corr
0.7	RILYL	B Riley Financial	Pair Corr

Moving against DXP Stock

0.6	AA4	Amedeo Air Four	Pair Corr
0.41	EFN	Element Fleet Management	Pair Corr
0.36	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.34	AVLA	Air Lease	Pair Corr
0.66	PBCRY	Bank Central Asia	Pair Corr
0.65	BROGF	BROGF	Pair Corr
0.46	PBCRF	PT Bank Central	Pair Corr
0.45	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK
PSIX		0.62	0.58	0.39	-0.19	0.28	0.62	0.41	0.78	0.62	PSIX
HLIO	0.62		0.96	0.86	-0.48	0.47	0.0	0.93	0.66	0.08	HLIO
VVX	0.58	0.96		0.82	-0.52	0.41	0.03	0.9	0.62	0.12	VVX
CECO	0.39	0.86	0.82		-0.67	0.64	-0.3	0.91	0.47	-0.19	CECO
SCS	-0.19	-0.48	-0.52	-0.67		-0.62	0.37	-0.58	-0.36	0.12	SCS
PBI	0.28	0.47	0.41	0.64	-0.62		-0.26	0.63	0.33	-0.13	PBI
NNE	0.62	0.0	0.03	-0.3	0.37	-0.26		-0.24	0.37	0.72	NNE
HNI	0.41	0.93	0.9	0.91	-0.58	0.63	-0.24		0.45	-0.17	HNI
EPAC	0.78	0.66	0.62	0.47	-0.36	0.33	0.37	0.45		0.56	EPAC
ROCK	0.62	0.08	0.12	-0.19	0.12	-0.13	0.72	-0.17	0.56		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

VVX	+ 0.96	HLIO
HNI	+ 0.93	HLIO
HNI	+ 0.91	CECO
HNI	+ 0.9	VVX
CECO	+ 0.86	HLIO
CECO	+ 0.82	VVX

High negative correlations

SCS	- 0.67	CECO
PBI	- 0.62	SCS
HNI	- 0.58	SCS
SCS	- 0.52	VVX
SCS	- 0.48	HLIO
EPAC	- 0.36	SCS

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	3.86	(0.15)	0.00	(0.02)	0.00	0.00	7.68	(6.33)	24.47
HLIO	1.79	0.25	0.15	0.18	1.59	(2.03)	3.90	(3.06)	9.43
VVX	1.44	0.20	0.11	0.25	1.52	(1.53)	3.81	(2.27)	11.60
CECO	1.91	0.57	0.20	0.56	2.19	(2.08)	4.25	(4.14)	13.46
SCS	0.67	(0.09)	0.00	1.59	0.00	0.00	1.68	(1.45)	6.67
PBI	1.41	(0.12)	0.00	(0.09)	0.00	0.00	2.65	(2.57)	10.54
NNE	4.68	(0.70)	0.00	(0.18)	0.00	0.00	7.91	(8.88)	23.43
HNI	1.02	0.23	0.22	0.35	0.73	(1.28)	2.32	(1.55)	6.56
EPAC	1.46	(0.05)	(0.01)	0.01	2.03	(1.63)	3.65	(2.83)	12.80
ROCK	2.27	(0.42)	0.00	(0.16)	0.00	0.00	5.00	(4.60)	23.65

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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