DXP Enterprises Correlations

DXPE Stock

USD 87.01 0.73 0.83%

The current 90-days correlation between DXP Enterprises and Global Industrial Co is 0.07 (i.e., Significant diversification). The correlation of DXP Enterprises 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.

DXP Enterprises Correlation With Market

Weak diversification

The correlation between DXP Enterprises and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DXP Enterprises and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXP Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.

Moving together with DXP Stock

0.61	AIT	Applied Industrial	Pair Corr
0.72	TITN	Titan Machinery	Pair Corr
0.67	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr
0.71	CP	Canadian Pacific Railway	Pair Corr
0.68	CR	Crane Company	Pair Corr
0.69	DY	Dycom Industries	Pair Corr

Moving against DXP Stock

0.44	SB	Safe Bulkers	Pair Corr
0.31	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	GIC	EVI	CNM	WSO-B	DSGR	WCC-PA	BXC	AIT	FERG	MSM
GIC		0.14	0.52	0.23	0.82	-0.76	0.85	0.58	0.74	0.34	GIC
EVI	0.14		-0.07	0.14	0.13	0.08	0.1	-0.11	-0.03	0.08	EVI
CNM	0.52	-0.07		-0.48	0.31	-0.32	0.74	0.86	0.8	0.58	CNM
WSO-B	0.23	0.14	-0.48		0.25	-0.25	-0.02	-0.31	-0.07	-0.51	WSO-B
DSGR	0.82	0.13	0.31	0.25		-0.91	0.82	0.32	0.46	0.02	DSGR
WCC-PA	-0.76	0.08	-0.32	-0.25	-0.91		-0.8	-0.37	-0.5	0.08	WCC-PA
BXC	0.85	0.1	0.74	-0.02	0.82	-0.8		0.71	0.77	0.29	BXC
AIT	0.58	-0.11	0.86	-0.31	0.32	-0.37	0.71		0.9	0.67	AIT
FERG	0.74	-0.03	0.8	-0.07	0.46	-0.5	0.77	0.9		0.54	FERG
MSM	0.34	0.08	0.58	-0.51	0.02	0.08	0.29	0.67	0.54		MSM
	GIC	EVI	CNM	WSO-B	DSGR	WCC-PA	BXC	AIT	FERG	MSM

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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

FERG	+ 0.9	AIT
AIT	+ 0.86	CNM
BXC	+ 0.85	GIC
DSGR	+ 0.82	GIC
BXC	+ 0.82	DSGR
FERG	+ 0.8	CNM

High negative correlations

WCC-PA	- 0.91	DSGR
BXC	- 0.8	WCC-PA
WCC-PA	- 0.76	GIC
MSM	- 0.51	WSO-B
FERG	- 0.5	WCC-PA
WSO-B	- 0.48	CNM

Risk-Adjusted Indicators

There is a big difference between DXP Stock performing well and DXP Enterprises 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 DXP Enterprises' 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
GIC	1.29	(0.30)	0.00	0.96	0.00	0.00	2.18	(3.34)	7.35
EVI	2.25	0.19	0.08	1.50	2.77	(2.31)	4.71	(4.66)	12.96
CNM	1.24	(0.12)	0.00	(6.13)	0.00	0.00	2.53	(2.77)	8.03
WSO-B	0.73	(0.05)	0.00	(0.52)	0.00	0.00	1.79	(2.06)	12.76
DSGR	1.70	(0.36)	0.00	(0.47)	0.00	0.00	3.58	(3.81)	13.85
WCC-PA	0.09	0.02	0.58	(4.41)	0.00	(0.12)	0.24	(0.16)	1.00
BXC	1.96	(0.62)	0.00	7.70	0.00	0.00	3.47	(3.99)	14.89
AIT	1.38	(0.25)	0.00	1.14	0.00	0.00	2.59	(3.87)	10.46
FERG	1.36	(0.23)	0.00	(1.82)	0.00	0.00	2.44	(2.80)	8.55
MSM	1.38	(0.07)	0.00	0.98	0.00	0.00	3.33	(2.81)	7.60

DXP Enterprises Corporate Management

Todd Hamlin	Sr. VP of Service Centers	Profile
David Santos	VP Officer	Profile
Christopher Gregory	Chief VP	Profile
Paz Maestas	Senior Officer	Profile
David Sr	Senior Operations	Profile
Wick Norbert	VP Controller	Profile

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