FedEx Correlations
| FDX Stock | EUR 304.55 -3.90 -1.26% |
A low or negative correlation between FedEx and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.
Market Correlation Signal - FedEx
Average diversification
The correlation between FDX and DJI is 0.1, which Macroaxis classifies as Average diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
FedEx |
Correlation analysis helps compare FedEx with similar exposures for allocation context. Some jurisdictions apply wash sale rules to substantially identical replacements; this is provided as general context.
Moving together with FedEx Stock
| 0.9 | WMTD | WALMART INC CDR | PairCorr |
| 0.89 | WMT | Walmart | PairCorr |
| 0.89 | WMT | Walmart | PairCorr |
| 0.87 | CGZ | COGNEX | PairCorr |
| 0.89 | KI5 | Kioxia Holdings | PairCorr |
| 0.67 | NEF | NESTE OIL | PairCorr |
| 0.8 | 8CZ0 | Zoomlion Heavy Industry | PairCorr |
| 0.91 | CHV | CHEVRON | PairCorr |
| 0.73 | 4CQA | SUNRISE ENERGY META | PairCorr |
| 0.91 | HY9H | SK hynix | PairCorr |
| 0.82 | BAS | BASF SE | PairCorr |
| 0.8 | 20V | National Beverage Corp | PairCorr |
| 0.87 | H0O | REVO INSURANCE SPA | PairCorr |
| 0.61 | L5Q | CHARWOOD ENERGY EO | PairCorr |
| 0.87 | BYNN | Rubis SCA | PairCorr |
| 0.79 | BAS | BASF SE | PairCorr |
| 0.63 | 14F | BLACKROCK WLD MNG | PairCorr |
| 0.95 | 1NBA | Anheuser Busch InBev | PairCorr |
| 0.82 | BAS | BASF SE | PairCorr |
| 0.8 | ENI | Eni SpA | PairCorr |
| 0.86 | RTH | WILMAR INTL ADR10 | PairCorr |
| 0.92 | VOL1 | AB Volvo | PairCorr |
| 0.7 | 75L | TAIKISHA LTD | PairCorr |
| 0.85 | 669 | INPOST SA EO Earnings Call Today | PairCorr |
| 0.79 | EVK | Evonik Industries | PairCorr |
Moving against FedEx Stock
| 0.77 | 013A | JD Inc Adr | PairCorr |
| 0.73 | AMZ | Amazon Inc | PairCorr |
| 0.72 | AMZ | Amazon Inc | PairCorr |
| 0.68 | AMZ1 | AMAZONCOM INCCDR | PairCorr |
| 0.41 | H6Q | Himax Technologies | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| T2G | 0.23 | -0.06 | 0.00 | 6.51 | 0.00 | 0.00 | 3.39 | |||
| T2G | 0.36 | -0.11 | 0.00 | 5.37 | 0.00 | 0.59 | 4.73 | |||
| WN6 | 0.52 | -0.19 | 0.00 | -2.78 | 0.00 | 1.17 | 7.49 | |||
| 3XT | 1.74 | 0.26 | 0.12 | 0.48 | 2.00 | 5.49 | 16.67 | |||
| JUU | 0.31 | -0.14 | 0.00 | 1.07 | 0.00 | 0.00 | 4.94 | |||
| TTG | 3.01 | 0.35 | 0.06 | -0.50 | 4.40 | 6.25 | 31.01 | |||
| TE1 | 2.00 | -0.24 | 0.00 | 8.12 | 0.00 | 3.74 | 13.09 | |||
| UT8 | 1.62 | -0.18 | 0.00 | -5.10 | 0.00 | 2.77 | 7.54 |
Be your own money manager
Serious investors usually evaluate FedEx in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. A stronger allocation process asks what the position adds to the portfolio, not just what it might do on its own.
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FedEx Corporate Management
Looking at the leadership structure of FedEx helps investors understand who sets direction, approves budgets, and monitors management performance. The stronger read distinguishes insiders who manage operations from outside directors who are expected to provide independent oversight.
| Guy II | Staff VP | Profile | |
| Jennifer Johnson | Co Officer | Profile | |
| Brie Carere | Executive Officer | Profile | |
| Arthur Foster | VP Relations | Profile | |
| Patrick Fitzgerald | VP Communications | Profile |