DXP Enterprises Correlations

DXPE Stock

USD 108.27 1.98 1.80%

The current 90-days correlation between DXP Enterprises and Power Solutions International, is 0.36 (i.e., Weak 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

Very weak diversification

The correlation between DXP Enterprises and DJI is 0.5 (i.e., Very 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.

Build AI portfolio with DXP Stock

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 employment.

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

Moving together with DXP Stock

0.77	URI	United Rentals	Pair Corr
0.64	VFSWW	VinFast Auto	Pair Corr
0.76	VEII	Value Exchange Inter	Pair Corr
0.67	RKLB	Rocket Lab USA Aggressive Push	Pair Corr

Moving against DXP Stock

0.91	000688	Guocheng Mining	Pair Corr
0.72	SHG	Shinhan Financial	Pair Corr
0.69	WCC	WESCO International	Pair Corr
0.58	SFI	Solution Financial	Pair Corr
0.55	AA4	Amedeo Air Four	Pair Corr
0.53	VFS	VinFast Auto	Pair Corr
0.48	AL	Air Lease Sell-off Trend	Pair Corr
0.36	000638	Vanfund Urban Investment	Pair Corr
0.83	EC	Ecopetrol SA ADR	Pair Corr
0.76	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	MTSI	MACOM Technology Sol	Pair Corr
0.72	RDNW	RideNow Group, Symbol Change	Pair Corr
0.7	FDX	FedEx Earnings Call Tomorrow	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.58	MU	Micron Technology	Pair Corr
0.53	F	Ford Motor Aggressive Push	Pair Corr
0.45	CUAEF	China Shenhua Energy	Pair Corr
0.44	AXP	American Express	Pair Corr
0.39	BSEG	Big Screen Entertainment	Pair Corr
0.75	MHTZF	Manhattan Limited	Pair Corr
0.7	FYBR	Frontier Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK
PSIX		-0.06	0.49	-0.35	0.81	0.79	0.63	0.74	0.71	0.7	PSIX
HLIO	-0.06		0.05	0.45	-0.17	-0.03	-0.16	-0.14	0.37	0.0	HLIO
VVX	0.49	0.05		-0.12	0.61	0.58	0.63	0.62	0.62	0.73	VVX
CECO	-0.35	0.45	-0.12		-0.24	-0.28	-0.27	-0.21	-0.19	-0.4	CECO
SCS	0.81	-0.17	0.61	-0.24		0.76	0.72	0.77	0.56	0.68	SCS
PBI	0.79	-0.03	0.58	-0.28	0.76		0.53	0.9	0.65	0.67	PBI
NNE	0.63	-0.16	0.63	-0.27	0.72	0.53		0.47	0.5	0.74	NNE
HNI	0.74	-0.14	0.62	-0.21	0.77	0.9	0.47		0.55	0.58	HNI
EPAC	0.71	0.37	0.62	-0.19	0.56	0.65	0.5	0.55		0.82	EPAC
ROCK	0.7	0.0	0.73	-0.4	0.68	0.67	0.74	0.58	0.82		ROCK
	PSIX	HLIO	VVX	CECO	SCS	PBI	NNE	HNI	EPAC	ROCK

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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

HNI	+ 0.9	PBI
ROCK	+ 0.82	EPAC
SCS	+ 0.81	PSIX
PBI	+ 0.79	PSIX
HNI	+ 0.77	SCS
PBI	+ 0.76	SCS

High negative correlations

ROCK	- 0.4	CECO
CECO	- 0.35	PSIX
PBI	- 0.28	CECO
NNE	- 0.27	CECO
SCS	- 0.24	CECO
HNI	- 0.21	CECO

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
PSIX	3.99	(0.61)	0.00	(0.19)	0.00	0.00	7.03	(8.26)	29.92
HLIO	1.79	(0.05)	0.00	0.03	1.83	(2.17)	3.89	(3.23)	12.53
VVX	1.75	(0.10)	0.00	(41.27)	0.00	0.00	3.87	(3.85)	9.31
CECO	2.41	0.31	0.09	0.48	2.95	(2.51)	4.53	(4.14)	18.87
SCS	0.67	(0.10)	0.00	(1.36)	0.00	0.00	1.68	(1.45)	6.67
PBI	1.54	(0.19)	0.00	(0.11)	0.00	0.00	3.12	(3.87)	14.08
NNE	5.07	(0.26)	0.00	(0.01)	0.00	0.00	9.37	(9.64)	38.13
HNI	1.08	(0.20)	0.00	(0.14)	0.00	0.00	2.46	(2.04)	10.19
EPAC	1.12	(0.18)	0.00	(0.10)	0.00	0.00	2.30	(2.01)	8.05
ROCK	2.11	(0.39)	0.00	(0.08)	0.00	0.00	5.10	(5.32)	25.75

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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