FedEx Correlations

FDX Stock

USD 313.16 0.39 0.12%

The current 90-days correlation between FedEx and Canadian National Railway is 0.3 (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 0.52 (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

0.87	FWRD	Forward Air	Pair Corr
0.96	UPS	United Parcel Service	Pair Corr
0.75	XPO	XPO Logistics	Pair Corr
0.9	ZTO	ZTO Express	Pair Corr
0.79	TTNM	Titanium Transportation	Pair Corr
0.73	NCEW	New Century Logistics	Pair Corr
0.96	UPS	UPS CDR	Pair Corr
0.92	601156	Eastern Air Logistics	Pair Corr
0.78	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.71	KB	KB Financial Group	Pair Corr
0.78	WF	Woori Financial Group	Pair Corr
0.82	JSPCF	JSP Corporation	Pair Corr
0.9	SCGLF	Socit Gnrale Socit	Pair Corr
0.9	OXBC	Oxford Bank	Pair Corr
0.81	SMG	Scotts Miracle Gro	Pair Corr
0.92	PFSB	Pennfed Financial	Pair Corr
0.92	DNGFF	Dongfang Electric	Pair Corr
0.85	DAC	Danaos	Pair Corr
0.71	STRNY	Severn Trent PLC	Pair Corr

Moving against FedEx Stock

0.41	000099	Citic Offshore Helicopter	Pair Corr
0.32	JYD	Jayud Global Logistics	Pair Corr
0.78	ATMV	AlphaVest Acquisition Symbol Change	Pair Corr

Related Correlations Analysis

	CNI	UPS	CMI	URI	NSC	CP	LHX	RSG	CSX	PCAR
CNI		0.64	0.65	-0.02	0.63	0.39	0.47	-0.19	0.68	0.76	CNI
UPS	0.64		0.92	-0.34	0.38	-0.24	0.57	-0.47	0.24	0.89	UPS
CMI	0.65	0.92		-0.35	0.55	-0.19	0.52	-0.38	0.25	0.92	CMI
URI	-0.02	-0.34	-0.35		-0.16	0.44	0.44	0.39	0.09	-0.16	URI
NSC	0.63	0.38	0.55	-0.16		0.46	0.0	0.1	0.66	0.58	NSC
CP	0.39	-0.24	-0.19	0.44	0.46		-0.06	0.56	0.74	0.08	CP
LHX	0.47	0.57	0.52	0.44	0.0	-0.06		-0.18	0.09	0.58	LHX
RSG	-0.19	-0.47	-0.38	0.39	0.1	0.56	-0.18		0.06	-0.18	RSG
CSX	0.68	0.24	0.25	0.09	0.66	0.74	0.09	0.06		0.47	CSX
PCAR	0.76	0.89	0.92	-0.16	0.58	0.08	0.58	-0.18	0.47		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	+ 0.92	UPS
PCAR	+ 0.92	CMI
PCAR	+ 0.89	UPS
PCAR	+ 0.76	CNI
CSX	+ 0.74	CP
CSX	+ 0.68	CNI

High negative correlations

RSG	- 0.47	UPS
RSG	- 0.38	CMI
URI	- 0.35	CMI
URI	- 0.34	UPS
CP	- 0.24	UPS
CP	- 0.19	CMI

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	0.98	(0.03)	(0.03)	0.07	1.13	(1.22)	2.27	(1.65)	6.71
UPS	1.18	0.34	0.24	0.45	0.97	(1.36)	2.75	(2.40)	11.51
CMI	1.45	0.43	0.29	0.51	1.12	(1.76)	2.83	(2.50)	9.83
URI	1.50	(0.21)	0.00	(0.04)	0.00	0.00	3.90	(2.81)	10.45
NSC	0.70	(0.05)	(0.10)	0.01	0.87	(0.72)	1.63	(1.18)	4.59
CP	0.95	(0.16)	0.00	(0.08)	0.00	0.00	2.45	(1.77)	6.94
LHX	1.32	0.12	0.09	0.20	1.30	(1.60)	3.09	(2.29)	7.10
RSG	0.81	(0.11)	0.00	(0.44)	0.00	0.00	1.64	(1.54)	4.38
CSX	0.80	(0.04)	(0.06)	0.05	1.13	(0.73)	1.70	(1.46)	5.63
PCAR	1.27	0.31	0.34	0.34	0.61	(1.72)	3.68	(1.52)	7.05

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