GXO Logistics Correlations

GXO Logistics Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GXO Logistics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in GXO Stock, please use our How to Invest in GXO Logistics guide.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    HUBG + 0.93 LSTR HUBG + 0.9 JBHT HUBG + 0.87 FWRD JBHT + 0.86 FWRD JBHT + 0.86 LSTR CHRW + 0.84 LSTR

High negative correlations    EXPD - 0.6 FWRD EXPD - 0.39 JBHT HUBG - 0.29 EXPD EXPD - 0.25 LSTR

Risk-Adjusted Indicators

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