Expeditors International Correlations

EXPD Stock

USD 119.17 0.85 0.72%

The current 90-days correlation between Expeditors International and GXO Logistics is 0.22 (i.e., Modest diversification). The correlation of Expeditors International 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.

Expeditors International Correlation With Market

Weak diversification

The correlation between Expeditors International of and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expeditors International of 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 Expeditors International of. 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.

Moving together with Expeditors Stock

0.71	PBI	Pitney Bowes	Pair Corr
0.73	AIRTP	Air T Inc	Pair Corr
0.73	PBI-PB	Pitney Bowes NT	Pair Corr

Moving against Expeditors Stock

0.81	BTOC	Armlogi Holding Corp	Pair Corr
0.75	FWRD	Forward Air	Pair Corr
0.73	LSH	Lakeside Holding	Pair Corr
0.69	AIRT	Air T Inc	Pair Corr
0.67	GXO	GXO Logistics	Pair Corr
0.65	HUBG	Hub Group	Pair Corr
0.63	NCEW	New Century Logistics	Pair Corr
0.61	JBHT	JB Hunt Transport	Pair Corr
0.6	FDX	FedEx	Pair Corr
0.58	LSTR	Landstar System	Pair Corr
0.54	SGLY	Singularity Future	Pair Corr
0.49	SFWL	Shengfeng Development	Pair Corr
0.84	BV	BrightView Holdings	Pair Corr
0.8	BW	Babcock Wilcox Enter	Pair Corr
0.77	DY	Dycom Industries	Pair Corr
0.76	CW	Curtiss Wright	Pair Corr
0.72	IR	Ingersoll Rand	Pair Corr
0.7	CYRX	Cryoport	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.67	FA	First Advantage Corp	Pair Corr
0.55	HI	Hillenbrand	Pair Corr
0.54	KE	Kimball Electronics	Pair Corr
0.52	HY	Hyster Yale Materials	Pair Corr
0.45	CRGO	Freightos Limited	Pair Corr
0.44	BA	Boeing	Pair Corr
0.38	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	EXPD	FDX	FLX	GVH	GXO	JYD	FWRD	LSH	PAL
EXPD		-0.6	0.21	-0.19	-0.67	0.47	-0.75	-0.73	0.47	EXPD
FDX	-0.6		-0.18	0.19	0.63	-0.67	0.82	0.84	-0.28	FDX
FLX	0.21	-0.18		0.43	-0.36	0.16	-0.05	-0.15	0.28	FLX
GVH	-0.19	0.19	0.43		0.23	0.03	0.43	0.24	0.27	GVH
GXO	-0.67	0.63	-0.36	0.23		-0.35	0.8	0.66	-0.31	GXO
JYD	0.47	-0.67	0.16	0.03	-0.35		-0.41	-0.63	0.39	JYD
FWRD	-0.75	0.82	-0.05	0.43	0.8	-0.41		0.81	-0.17	FWRD
LSH	-0.73	0.84	-0.15	0.24	0.66	-0.63	0.81		-0.46	LSH
PAL	0.47	-0.28	0.28	0.27	-0.31	0.39	-0.17	-0.46		PAL
	EXPD	FDX	FLX	GVH	GXO	JYD	FWRD	LSH	PAL

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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

LSH	+ 0.84	FDX
FWRD	+ 0.82	FDX
LSH	+ 0.81	FWRD
FWRD	+ 0.8	GXO
LSH	+ 0.66	GXO
GXO	+ 0.63	FDX

High negative correlations

FWRD	- 0.75	EXPD
LSH	- 0.73	EXPD
JYD	- 0.67	FDX
GXO	- 0.67	EXPD
LSH	- 0.63	JYD
FDX	- 0.6	EXPD

Risk-Adjusted Indicators

There is a big difference between Expeditors Stock performing well and Expeditors International 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 Expeditors International's 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
EXPD	1.06	0.06	0.05	0.10	1.29	(1.20)	2.17	(2.47)	8.61
FDX	1.33	(0.15)	0.00	(0.16)	0.00	0.00	2.51	(4.26)	9.63
FLX	3.33	(0.14)	0.00	0.34	0.00	0.00	8.11	(7.30)	23.90
GVH	3.86	0.06	0.01	(0.48)	4.24	(5.62)	11.86	(8.00)	28.88
GXO	1.78	(0.15)	0.00	(0.28)	0.00	0.00	3.76	(3.48)	18.23
JYD	6.60	2.20	0.26	18.50	5.83	(7.31)	17.59	(12.88)	55.39
FWRD	2.66	(0.56)	0.00	(0.41)	0.00	0.00	6.61	(6.28)	21.86
LSH	3.93	(0.93)	0.00	(0.62)	0.00	0.00	8.12	(10.74)	42.53
PAL	3.02	0.37	0.10	0.29	3.32	(3.22)	5.02	(6.68)	39.37

Expeditors International Corporate Management

Allen Wang	Senior Asia	Profile
Scott Kelly	Vice Americas	Profile
Khoon Lim	Senior Asia	Profile
Carolina Galindo	Regional Transcon	Profile

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