XPO Logistics Correlations

XPO Stock

USD 203.61 17.99 9.69%

The current 90-days correlation between XPO Logistics and JB Hunt Transport is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as XPO Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XPO Logistics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

XPO Logistics Correlation With Market

Poor diversification

The correlation between XPO Logistics and DJI is 0.69 (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.

Build AI portfolio with XPO Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XPO Logistics. 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.

To learn how to invest in XPO Stock, please use our How to Invest in XPO Logistics guide.

Moving together with XPO Stock

0.81	UPS	United Parcel Service	Pair Corr
0.81	RLGT	Radiant Logistics	Pair Corr
0.67	NFG	National Fuel Gas	Pair Corr
0.79	OBYCF	Obayashi Earnings Call Tomorrow	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.68	MCD	McDonalds Earnings Call This Week	Pair Corr
0.78	DD	Dupont De Nemours Earnings Call Tomorrow	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.68	INTC	Intel Aggressive Push	Pair Corr
0.78	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against XPO Stock

0.54	PBCRY	Bank Central Asia	Pair Corr
0.51	PTAIF	PT Astra International	Pair Corr
0.35	NVNIW	Nvni Group Limited	Pair Corr
0.82	MSFT	Microsoft	Pair Corr
0.52	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	CHRW	ZTO	MTZ	LUV	ULS	WWD	TRU	CRS
JBHT		0.92	0.85	0.95	0.91	0.95	-0.79	0.94	-0.13	0.49	JBHT
EXPD	0.92		0.85	0.95	0.9	0.9	-0.7	0.91	-0.05	0.48	EXPD
CHRW	0.85	0.85		0.84	0.87	0.9	-0.77	0.89	-0.42	0.51	CHRW
ZTO	0.95	0.95	0.84		0.91	0.92	-0.74	0.95	-0.07	0.48	ZTO
MTZ	0.91	0.9	0.87	0.91		0.87	-0.81	0.9	-0.13	0.53	MTZ
LUV	0.95	0.9	0.9	0.92	0.87		-0.77	0.92	-0.25	0.49	LUV
ULS	-0.79	-0.7	-0.77	-0.74	-0.81	-0.77		-0.7	0.25	-0.33	ULS
WWD	0.94	0.91	0.89	0.95	0.9	0.92	-0.7		-0.24	0.61	WWD
TRU	-0.13	-0.05	-0.42	-0.07	-0.13	-0.25	0.25	-0.24		-0.17	TRU
CRS	0.49	0.48	0.51	0.48	0.53	0.49	-0.33	0.61	-0.17		CRS
	JBHT	EXPD	CHRW	ZTO	MTZ	LUV	ULS	WWD	TRU	CRS

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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

ZTO	+ 0.95	JBHT
LUV	+ 0.95	JBHT
ZTO	+ 0.95	EXPD
WWD	+ 0.95	ZTO
WWD	+ 0.94	JBHT
EXPD	+ 0.92	JBHT

High negative correlations

ULS	- 0.81	MTZ
ULS	- 0.79	JBHT
ULS	- 0.77	LUV
ULS	- 0.77	CHRW
ULS	- 0.74	ZTO
WWD	- 0.7	ULS

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
JBHT	1.29	0.37	0.35	0.44	0.67	(1.65)	4.20	(1.54)	6.62
EXPD	1.22	0.40	0.38	0.59	0.61	(1.63)	2.46	(1.63)	13.29
CHRW	1.11	0.36	0.33	0.53	0.70	(1.43)	2.87	(1.70)	5.78
ZTO	1.10	0.32	0.24	0.58	0.82	(1.27)	2.83	(1.81)	7.33
MTZ	1.77	0.31	0.11	0.33	2.30	(1.81)	4.38	(4.74)	13.07
LUV	1.98	0.81	0.56	0.64	0.75	(2.45)	5.29	(2.39)	20.72
ULS	1.63	(0.17)	0.00	(0.19)	0.00	0.00	2.70	(3.33)	21.27
WWD	1.75	0.52	0.36	0.44	1.08	(2.24)	3.61	(2.14)	16.03
TRU	1.85	(0.25)	0.00	(0.09)	0.00	0.00	4.00	(3.52)	16.82
CRS	2.05	0.20	0.08	0.30	2.37	(2.27)	5.30	(4.98)	13.86

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