GXO Logistics Stock Forecast - Total Risk Alpha
| GXO Stock | USD 60.47 0.47 0.78% |
GXO Stock Forecast is based on your current time horizon. Although GXO Logistics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of GXO Logistics' systematic risk associated with finding meaningful patterns of GXO Logistics fundamentals over time.
GXO |
| Check GXO Logistics Volatility | Backtest GXO Logistics | Information Ratio |
GXO Logistics Trading Date Momentum
| On November 25 2024 GXO Logistics was traded for 60.47 at the closing time. Highest GXO Logistics's price during the trading hours was 60.80 and the lowest price during the day was 60.14 . There was no trading activity during the period 0.0. Lack of trading volume on the 25th of November did not cause price change. The overall trading delta to current price is 0.46% . |
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Other Forecasting Options for GXO Logistics
For every potential investor in GXO, whether a beginner or expert, GXO Logistics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GXO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GXO. Basic forecasting techniques help filter out the noise by identifying GXO Logistics' price trends.GXO Logistics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with GXO Logistics stock to make a market-neutral strategy. Peer analysis of GXO Logistics could also be used in its relative valuation, which is a method of valuing GXO Logistics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GXO Logistics Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of GXO Logistics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of GXO Logistics' current price.| Cycle Indicators | ||
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GXO Logistics Market Strength Events
Market strength indicators help investors to evaluate how GXO Logistics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GXO Logistics shares will generate the highest return on investment. By undertsting and applying GXO Logistics stock market strength indicators, traders can identify GXO Logistics entry and exit signals to maximize returns.
GXO Logistics Risk Indicators
The analysis of GXO Logistics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in GXO Logistics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gxo stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.56 | |||
| Semi Deviation | 1.27 | |||
| Standard Deviation | 2.5 | |||
| Variance | 6.27 | |||
| Downside Variance | 2.21 | |||
| Semi Variance | 1.6 | |||
| Expected Short fall | (1.94) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 against GXO Stock
| 0.85 | PAL | Proficient Auto Logi | PairCorr |
| 0.53 | EXPD | Expeditors International | PairCorr |
| 0.43 | PSIG | PS International | PairCorr |
| 0.33 | LSH | Lakeside Holding Upward Rally | 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 Historical Fundamental Analysis of GXO Logistics to cross-verify your projections. To learn how to invest in GXO Stock, please use our How to Invest in GXO Logistics guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GXO Logistics. If investors know GXO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GXO Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.89 | Revenue Per Share 92.626 | Quarterly Revenue Growth 0.278 | Return On Assets 0.0223 |
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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. However, GXO Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.