GXO Financial Statements From 2010 to 2026
| GXO Stock | USD 65.51 1.22 1.90% |
Check GXO Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GXO Logistics' main balance sheet or income statement drivers, such as , as well as many indicators such as . GXO financial statements analysis is a perfect complement when working with GXO Logistics Valuation or Volatility modules.
Check out the analysis of GXO Logistics Correlation against competitors. Pair Trading with GXO Logistics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GXO Logistics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GXO Logistics will appreciate offsetting losses from the drop in the long position's value.Moving together with GXO Stock
Moving against GXO Stock
| 0.84 | GVH | Globavend Holdings | PairCorr |
| 0.36 | JYD | Jayud Global Logistics | PairCorr |
| 0.31 | S8G1 | SUPER GROUP LTD | PairCorr |
The ability to find closely correlated positions to GXO 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 GXO 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 GXO 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 GXO Logistics to buy it.
The correlation of GXO 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GXO Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GXO Logistics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GXO Logistics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of GXO Logistics Correlation against competitors. To learn how to invest in GXO Stock, please use our How to Invest in GXO Logistics guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Will Air Freight & Logistics sector continue expanding? Could GXO diversify its offerings? Factors like these will boost the valuation of GXO Logistics. Market participants price GXO higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every GXO Logistics data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of GXO Logistics is measured differently than its book value, which is the value of GXO that is recorded on the company's balance sheet. Investors also form their own opinion of GXO Logistics' value that differs from its market value or its book value, called intrinsic value, which is GXO Logistics' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because GXO Logistics' market value can be influenced by many factors that don't directly affect GXO Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GXO Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if GXO Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, GXO Logistics' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.