XPO Logistics Correlations
| UX2A Stock | EUR 169.80 6.45 3.95% |
The current 90-days correlation between XPO Logistics and INDO TAMBANGRAYA MG is -0.07 (i.e., Good diversification). The correlation of XPO Logistics 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.
XPO Logistics Correlation With Market
Poor diversification
The correlation between XPO Logistics and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XPO Logistics and DJI in the same portfolio, assuming nothing else is changed.
XPO |
The ability to find closely correlated positions to XPO Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XPO Logistics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back XPO Logistics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling XPO Logistics to buy it.
Moving together with XPO Stock
| 0.61 | PQ9 | BANK MANDIRI | PairCorr |
| 0.75 | PAE | PACCAR | PairCorr |
| 0.74 | LVN | CP ALL Public | PairCorr |
| 0.75 | L3X | Centrais Elétricas Earnings Call This Week | PairCorr |
| 0.92 | PPQ | PPG INDUSTRIES | PairCorr |
| 0.77 | TGE1 | MOBILEZONE N | PairCorr |
| 0.72 | GPT | Genuine Parts | PairCorr |
| 0.85 | CPA | Colgate Palmolive | PairCorr |
| 0.68 | HBC1 | HSBC Holdings plc Earnings Call This Week | PairCorr |
| 0.64 | SII | Wheaton Precious Metals | PairCorr |
| 0.65 | CWT | Curtiss Wright | PairCorr |
| 0.7 | G40 | GDS Holdings Limited | PairCorr |
| 0.67 | ZNHH | China Southern Airlines | PairCorr |
| 0.68 | ASME | ASML Holding NV | PairCorr |
| 0.72 | 43C | CACTUS INC CLA Earnings Call This Week | PairCorr |
Moving against XPO Stock
| 0.73 | BYRA | BANK RAKYAT IND Earnings Call Tomorrow | PairCorr |
| 0.64 | BZG2 | PT Bank Central | PairCorr |
| 0.53 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between XPO Stock performing well and XPO Logistics 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 XPO Logistics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HX1A | 0.47 | 0.01 | 0.00 | (0.02) | 0.00 | 0.00 | 15.29 | |||
| 3IB | 1.54 | 0.03 | (0.01) | (0.02) | 2.56 | 7.27 | 18.02 | |||
| OAIA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| T9Q | 2.99 | 0.24 | 0.04 | (2.54) | 3.98 | 8.99 | 22.00 | |||
| IUA | 3.64 | 0.78 | 0.14 | 1.24 | 3.64 | 19.42 | 42.26 | |||
| T9Q | 0.53 | 0.25 | 0.00 | 0.57 | 0.00 | 0.00 | 8.89 | |||
| 2P0N | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BNB | 0.85 | (0.23) | 0.00 | 7.12 | 0.00 | 1.19 | 20.54 | |||
| BNB | 0.57 | (0.38) | 0.00 | 2.53 | 0.00 | 0.00 | 2.50 | |||
| 3IB | 0.31 | 0.00 | (0.02) | 0.15 | 0.49 | 0.88 | 6.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in XPO Logistics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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XPO Logistics Corporate Management
Elected by the shareholders, the XPO Logistics' board of directors comprises two types of representatives: XPO Logistics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of XPO. The board's role is to monitor XPO Logistics' management team and ensure that shareholders' interests are well served. XPO Logistics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, XPO Logistics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Bates | Chief Officer | Profile | |
| Tavio Headley | Chief Officer | Profile | |
| Christopher Signorello | Deputy Counsel | Profile | |
| Christopher Brown | Chief Officer | Profile | |
| Anthony Hoereth | Senior Sales | Profile | |
| Wendy JD | Chief Secretary | Profile |