United Parcel Correlations

UPS Stock

USD 110.39 5.41 4.67%

The current 90-days correlation between United Parcel Service and GXO Logistics is 0.16 (i.e., Average diversification). The correlation of United Parcel 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. If the correlation is 0, the equities are not correlated; they are entirely random.

United Parcel Correlation With Market

Modest diversification

The correlation between United Parcel Service and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Parcel Service and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Parcel Service. 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 United Stock

0.67	FDX	FedEx	Pair Corr
0.69	LSTR	Landstar System	Pair Corr
0.65	SGLY	Singularity Future	Pair Corr
0.88	CHRW	CH Robinson Worldwide	Pair Corr

Moving against United Stock

0.57	ATXG	Addentax Group Corp	Pair Corr
0.55	JYD	Jayud Global Logistics Trending	Pair Corr
0.51	PBI	Pitney Bowes	Pair Corr
0.5	PBI-PB	Pitney Bowes NT	Pair Corr
0.48	AIRTP	Air T Inc	Pair Corr
0.41	FLX	BingEx	Pair Corr
0.37	CRGOW	Freightos Limited	Pair Corr
0.64	G	Genpact Limited	Pair Corr
0.57	EH	Ehang Holdings	Pair Corr
0.56	GE	GE Aerospace	Pair Corr
0.36	CR	Crane Company	Pair Corr
0.36	DE	Deere Company	Pair Corr

Related Correlations Analysis

	GXO	JBHT	EXPD	CHRW	HUBG	LSTR	FWRD
GXO		0.66	-0.58	0.61	0.79	0.74	0.79	GXO
JBHT	0.66		-0.54	0.51	0.91	0.83	0.87	JBHT
EXPD	-0.58	-0.54		-0.16	-0.53	-0.48	-0.71	EXPD
CHRW	0.61	0.51	-0.16		0.65	0.77	0.48	CHRW
HUBG	0.79	0.91	-0.53	0.65		0.91	0.91	HUBG
LSTR	0.74	0.83	-0.48	0.77	0.91		0.77	LSTR
FWRD	0.79	0.87	-0.71	0.48	0.91	0.77		FWRD
	GXO	JBHT	EXPD	CHRW	HUBG	LSTR	FWRD

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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

HUBG	+ 0.91	JBHT
LSTR	+ 0.91	HUBG
FWRD	+ 0.91	HUBG
FWRD	+ 0.87	JBHT
LSTR	+ 0.83	JBHT
HUBG	+ 0.79	GXO

High negative correlations

FWRD	- 0.71	EXPD
EXPD	- 0.58	GXO
EXPD	- 0.54	JBHT
HUBG	- 0.53	EXPD
LSTR	- 0.48	EXPD
CHRW	- 0.16	EXPD

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Parcel 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 United Parcel'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
GXO	1.84	(0.19)	0.00	(0.39)	0.00	0.00	3.76	(3.92)	18.23
JBHT	1.32	(0.20)	0.00	(0.33)	0.00	0.00	2.70	(3.25)	10.22
EXPD	1.08	0.02	0.03	0.00	1.35	(1.24)	2.17	(2.47)	8.61
CHRW	1.15	(0.10)	0.00	(0.21)	0.00	0.00	2.40	(2.20)	8.72
HUBG	1.46	(0.34)	0.00	(0.38)	0.00	0.00	2.17	(3.56)	7.02
LSTR	1.11	(0.30)	0.00	(2.86)	0.00	0.00	1.94	(2.57)	8.73
FWRD	2.64	(0.49)	0.00	(0.45)	0.00	0.00	6.61	(6.28)	21.86

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