FedEx Correlations

FDX Stock

USD 292.89 3.44 1.16%

The current 90-days correlation between FedEx and Canadian National Railway is 0.34 (i.e., Weak diversification). The correlation of FedEx 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. If the correlation is 0, the equities are not correlated; they are entirely random.

FedEx Correlation With Market

Very weak diversification

The correlation between FedEx and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FedEx and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FedEx Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FedEx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

For more information on how to buy FedEx Stock please use our How to Invest in FedEx guide.

Moving together with FedEx Stock

0.95	EXPD	Expeditors International	Pair Corr
0.95	UPS	United Parcel Service	Pair Corr
0.72	XPO	XPO Logistics	Pair Corr
0.84	ZTO	ZTO Express	Pair Corr
0.71	TTNM	Titanium Transportation	Pair Corr
0.87	HUBG	Hub Group	Pair Corr
0.85	002769	Shenzhen Prolto Supply	Pair Corr
0.63	002889	Shenzhen Easttop Supply	Pair Corr
0.74	CLX	Cti Logistics	Pair Corr
0.76	600057	Xiamen Xiangyu	Pair Corr
0.63	603967	China Master Logistics	Pair Corr

Moving against FedEx Stock

0.9	000099	Citic Offshore Helicopter	Pair Corr
0.87	GVH	Globavend Holdings Upward Rally	Pair Corr
0.86	HKPD	Hong Kong Pharma	Pair Corr
0.85	002352	SF Holding	Pair Corr
0.83	002120	YUNDA Holding	Pair Corr
0.79	002468	STO Express	Pair Corr
0.74	JYD	Jayud Global Logistics Trending	Pair Corr
0.72	603117	Jiangsu Wanlin Modern	Pair Corr
0.68	002245	Jiangsu Aucksun	Pair Corr
0.5	HSP	Hargreaves Services Plc	Pair Corr
0.5	603535	Guangzhou Jiacheng	Pair Corr
0.47	001202	Guangdong Jushen Log	Pair Corr
0.43	600119	YUD Yangtze River	Pair Corr
0.39	FLX	BingEx	Pair Corr
0.32	LDG	Logistics Development	Pair Corr
0.92	CJMB	Callan JMB Common	Pair Corr
0.81	300873	Hichain Logistics	Pair Corr
0.81	AIRT	Air T Inc	Pair Corr
0.8	ATXG	Addentax Group Corp	Pair Corr
0.77	603713	Milkyway Chemical Supply	Pair Corr
0.74	603648	Shanghai Shine Link	Pair Corr
0.72	600787	CMST Development	Pair Corr
0.68	300240	Jiangsu Feiliks Intl	Pair Corr
0.61	300013	Jiangsu Xinning Modern	Pair Corr
0.58	002210	Shenzhen Feima Inter	Pair Corr
0.46	CJT	Cargojet	Pair Corr

Related Correlations Analysis

	CNI	UPS	CMI	URI	NSC	CP	LHX	RSG	CSX	PCAR
CNI		0.55	0.57	-0.25	0.39	0.36	0.1	-0.32	0.8	0.67	CNI
UPS	0.55		0.89	-0.86	-0.03	-0.37	-0.39	-0.71	0.36	0.8	UPS
CMI	0.57	0.89		-0.81	0.26	-0.27	-0.37	-0.55	0.34	0.86	CMI
URI	-0.25	-0.86	-0.81		0.19	0.68	0.55	0.66	0.03	-0.62	URI
NSC	0.39	-0.03	0.26	0.19		0.55	0.2	0.42	0.41	0.41	NSC
CP	0.36	-0.37	-0.27	0.68	0.55		0.43	0.59	0.58	0.04	CP
LHX	0.1	-0.39	-0.37	0.55	0.2	0.43		0.26	0.15	-0.29	LHX
RSG	-0.32	-0.71	-0.55	0.66	0.42	0.59	0.26		-0.12	-0.29	RSG
CSX	0.8	0.36	0.34	0.03	0.41	0.58	0.15	-0.12		0.59	CSX
PCAR	0.67	0.8	0.86	-0.62	0.41	0.04	-0.29	-0.29	0.59		PCAR
	CNI	UPS	CMI	URI	NSC	CP	LHX	RSG	CSX	PCAR

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

CMI	+ 0.89	UPS
PCAR	+ 0.86	CMI
CSX	+ 0.8	CNI
PCAR	+ 0.8	UPS
CP	+ 0.68	URI
PCAR	+ 0.67	CNI

High negative correlations

URI	- 0.86	UPS
URI	- 0.81	CMI
RSG	- 0.71	UPS
PCAR	- 0.62	URI
RSG	- 0.55	CMI
LHX	- 0.39	UPS

Risk-Adjusted Indicators

There is a big difference between FedEx Stock performing well and FedEx 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 FedEx'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
CNI	0.88	0.05	0.03	0.14	0.92	(1.02)	2.01	(1.65)	5.04
UPS	1.20	0.23	0.15	0.31	1.22	(1.30)	2.75	(2.42)	11.51
CMI	1.42	0.27	0.16	0.35	1.37	(1.56)	2.77	(2.55)	9.83
URI	1.36	(0.28)	0.00	(0.13)	0.00	0.00	2.58	(3.10)	10.45
NSC	0.66	(0.06)	0.00	(0.02)	0.00	0.00	1.25	(1.27)	4.00
CP	0.88	(0.05)	(0.06)	0.02	1.02	(0.99)	2.28	(1.74)	4.77
LHX	1.30	0.00	0.00	0.07	1.54	(1.43)	2.66	(2.30)	7.10
RSG	0.84	(0.10)	0.00	(5.40)	0.00	0.00	1.64	(1.75)	4.89
CSX	0.87	0.07	0.04	0.16	0.94	(0.90)	1.76	(1.46)	7.93
PCAR	1.28	0.15	0.15	0.20	0.90	(1.70)	3.94	(1.89)	7.60

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

2025 Macroaxis LLC