FedEx Correlations

Stocks . Brazil . 
Stock . FedEx
FDXB34 Stock  BRL 1,382  41.15  2.89%   
The current 90-days correlation between FedEx and Charter Communications is -0.03 (i.e., Good diversification). The correlation of FedEx 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.

FedEx Correlation With Market

Good diversification

The correlation between FedEx and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FedEx and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FedEx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FedEx 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 FedEx - 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 FedEx to buy it.

Moving together with FedEx Stock

  0.77UPSS34 United Parcel ServicePairCorr
  0.87HBSA3 Hidrovias do BrasilPairCorr
  0.76SEQL3 Sequoia Logstica ePairCorr
  0.7OSXB3 OSX Brasil SAPairCorr
  0.86MAPT4 Cemepe InvestimentosPairCorr
  0.73TEKA4 Teka Tecelagem KuehnrichPairCorr

Moving against FedEx Stock

  0.91ELET3 Centrais EltricasPairCorr
  0.82CEBR6 Companhia EnergticaPairCorr
  0.82ARMT34 ArcelorMittal SAPairCorr
  0.8XPBR31 Xp IncPairCorr
  0.79CSED3 Cruzeiro do SulPairCorr
  0.72ABTT34 Abbott LaboratoriesPairCorr
  0.72SANB4F SANB4FPairCorr
  0.63CEEB5 Companhiade EletricidadePairCorr
  0.6P2EN34 PENN Entertainment,PairCorr
  0.59M1CB34 Molson Coors BeveragePairCorr
  0.55ENMT3 Energisa Mato GrossoPairCorr
  0.53G2WR34 Guidewire Software,PairCorr
  0.5BGIP4 Banco do EstadoPairCorr
  0.46RSID3 Rossi ResidencialPairCorr
  0.45VIVT3 Telefnica BrasilPairCorr
  0.41GUAR3 Guararapes ConfecesPairCorr
  0.39D1FS34 Discover FinancialPairCorr
  0.34P2LT34 Palantir TechnologiesPairCorr
  0.32ALUP11 Alupar InvestimentoPairCorr
  0.93CTKA3 Karsten SAPairCorr
  0.91AURA33 Aura MineralsPairCorr
  0.83ASAI3 Sendas DistribuidoraPairCorr
  0.82ALUP4 Alupar InvestimentoPairCorr
  0.82CCRO3F CCRO3FPairCorr
  0.76ALPA4 Alpargatas SAPairCorr
  0.74SNSY5 Sansuy SAPairCorr
  0.74BPAC5 Banco BTG PactualPairCorr

Related Correlations Analysis

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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   
P2ST34
+ 0.91
P2LN34
D1DG34
+ 0.88
P2ST34
D1DG34
+ 0.86
F1NI34
D1DG34
+ 0.84
P2LN34
F1NI34
+ 0.71
P2LN34
F1NI34
+ 0.66
P2ST34
  
High negative correlations   
CHCM34
- 0.1
P2LN34

Risk-Adjusted Indicators

There is a big difference between FedEx Stock performing well and FedEx 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 FedEx'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in FedEx without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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FedEx Corporate Management

Elected by the shareholders, the FedEx's board of directors comprises two types of representatives: FedEx inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FedEx. The board's role is to monitor FedEx's management team and ensure that shareholders' interests are well served. FedEx's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FedEx's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert CarterCIO and Executive VP of Fedex Information ServicesProfile
Jennifer JohnsonCo OfficerProfile
Arthur FosterVP RelationsProfile
Patrick FitzgeraldVP CommunicationsProfile
Michael LenzEx CFOProfile
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