XPO Logistics Correlations

XPO Stock

USD 215.37 0.19 0.09%

The current 90-days correlation between XPO Logistics and JB Hunt Transport is 0.61 (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 0.61 (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 metropolitan statistical area.

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

Moving together with XPO Stock

0.83	DHL	Deutsche Post AG Earnings Call Tomorrow	Pair Corr
0.82	3GT	RADIANT LOGISTICS	Pair Corr
0.95	HSP	Hargreaves Services Plc	Pair Corr
0.93	ZTOB	ZTO EXPRESS	Pair Corr
0.93	ZTOA	ZTO Express	Pair Corr
0.95	FDX	FedEx	Pair Corr
0.8	DPWA	DEUTSCHE POST SPONSADR Earnings Call Tomorrow	Pair Corr
0.87	GXO	GXO Logistics	Pair Corr
0.89	UPS	United Parcel Service	Pair Corr
0.87	UPAB	United Parcel Service	Pair Corr
0.93	ZTO	ZTO Express	Pair Corr
0.72	TTNM	Titanium Transportation	Pair Corr
0.85	JB1	JB Hunt Transport	Pair Corr
0.68	LDG	Logistics Development	Pair Corr
0.89	O3P	Österreichische Post	Pair Corr
0.7	TGHN	Logwin AG	Pair Corr
0.81	1CM	NIKKON HOLDINGS TD	Pair Corr
0.9	5CI	Logista	Pair Corr
0.62	PNL	PostNL NV	Pair Corr
0.95	FDX	FedEx	Pair Corr
0.62	13B	bpost NV Earnings Call This Week	Pair Corr
0.61	CH1A	CH Robinson Worldwide	Pair Corr
0.85	93N	GXO LOGISTICS INC	Pair Corr
0.78	DHL	Deutsche Post AG Earnings Call Tomorrow	Pair Corr

Moving against XPO Stock

0.85	JYD	Jayud Global Logistics	Pair Corr
0.72	S8G1	SUPER GROUP LTD	Pair Corr
0.59	GVH	Globavend Holdings	Pair Corr
0.44	FLX	BingEx	Pair Corr
0.6	KYL	KERRY LOGNETWORK	Pair Corr
0.45	HKPD	Hong Kong Pharma	Pair Corr
0.9	WJL	Webjet Group	Pair Corr
0.74	1YM	MARUWA UNYU KIKAN	Pair Corr
0.52	NRSA	NTG Nordic Transport Earnings Call Today	Pair Corr
0.48	822	JD LOGISTICS DL Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	CHRW	ZTO	MTZ	LUV	ULS	WWD	TRU	CRS
JBHT		0.21	0.81	0.88	0.87	0.93	-0.43	0.92	-0.75	0.82	JBHT
EXPD	0.21		0.53	-0.02	-0.11	0.22	-0.49	0.05	0.03	-0.22	EXPD
CHRW	0.81	0.53		0.68	0.68	0.83	-0.51	0.77	-0.66	0.56	CHRW
ZTO	0.88	-0.02	0.68		0.88	0.89	-0.32	0.96	-0.81	0.87	ZTO
MTZ	0.87	-0.11	0.68	0.88		0.78	-0.22	0.91	-0.7	0.93	MTZ
LUV	0.93	0.22	0.83	0.89	0.78		-0.5	0.9	-0.81	0.73	LUV
ULS	-0.43	-0.49	-0.51	-0.32	-0.22	-0.5		-0.28	0.37	-0.06	ULS
WWD	0.92	0.05	0.77	0.96	0.91	0.9	-0.28		-0.82	0.91	WWD
TRU	-0.75	0.03	-0.66	-0.81	-0.7	-0.81	0.37	-0.82		-0.66	TRU
CRS	0.82	-0.22	0.56	0.87	0.93	0.73	-0.06	0.91	-0.66		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

WWD	+ 0.96	ZTO
LUV	+ 0.93	JBHT
CRS	+ 0.93	MTZ
WWD	+ 0.92	JBHT
WWD	+ 0.91	MTZ
CRS	+ 0.91	WWD

High negative correlations

TRU	- 0.82	WWD
TRU	- 0.81	LUV
TRU	- 0.81	ZTO
TRU	- 0.75	JBHT
TRU	- 0.7	MTZ
CRS	- 0.66	TRU

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	1.28	0.41	0.28	0.39	1.14	(1.58)	4.09	(1.64)	9.49
EXPD	1.34	(0.02)	0.00	0.02	2.96	(1.27)	2.19	(2.26)	15.64
CHRW	1.54	0.29	0.10	0.24	2.80	(1.75)	4.64	(1.85)	19.66
ZTO	1.16	0.18	0.11	0.47	1.20	(1.22)	2.73	(2.34)	6.15
MTZ	1.77	0.56	0.22	0.57	1.93	(1.99)	4.33	(4.09)	11.82
LUV	1.91	0.49	0.26	0.38	1.47	(2.21)	4.46	(2.83)	23.66
ULS	1.88	(0.11)	0.00	(0.08)	0.00	0.00	2.97	(3.50)	18.98
WWD	1.61	0.39	0.26	0.40	1.26	(2.03)	3.61	(2.23)	15.78
TRU	1.99	(0.04)	0.00	0.20	0.00	0.00	4.34	(4.59)	16.81
CRS	1.94	0.33	0.14	0.52	1.94	(2.29)	5.30	(2.68)	13.86

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