Correlation Between SF Holding and GXO Logistics
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By analyzing existing cross correlation between SF Holding Co and GXO Logistics, you can compare the effects of market volatilities on SF Holding and GXO Logistics and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in SF Holding with a short position of GXO Logistics. Check out your portfolio center. Please also check ongoing floating volatility patterns of SF Holding and GXO Logistics.
Diversification Opportunities for SF Holding and GXO Logistics
-0.33 | Correlation Coefficient |
Very good diversification
The 3 months correlation between 002352 and GXO is -0.33. Overlapping area represents the amount of risk that can be diversified away by holding SF Holding Co and GXO Logistics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GXO Logistics and SF Holding is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on SF Holding Co are associated (or correlated) with GXO Logistics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GXO Logistics has no effect on the direction of SF Holding i.e., SF Holding and GXO Logistics go up and down completely randomly.
Pair Corralation between SF Holding and GXO Logistics
Assuming the 90 days trading horizon SF Holding Co is expected to under-perform the GXO Logistics. But the stock apears to be less risky and, when comparing its historical volatility, SF Holding Co is 1.22 times less risky than GXO Logistics. The stock trades about -0.17 of its potential returns per unit of risk. The GXO Logistics is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 5,029 in GXO Logistics on July 20, 2025 and sell it today you would earn a total of 493.00 from holding GXO Logistics or generate 9.8% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 92.31% |
| Values | Daily Returns |
SF Holding Co vs. GXO Logistics
Performance |
| Timeline |
| SF Holding |
| GXO Logistics |
SF Holding and GXO Logistics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SF Holding and GXO Logistics
The main advantage of trading using opposite SF Holding and GXO Logistics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SF Holding position performs unexpectedly, GXO Logistics can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GXO Logistics will offset losses from the drop in GXO Logistics' long position.| SF Holding vs. Ming Yang Smart | SF Holding vs. 159681 | SF Holding vs. 159005 | SF Holding vs. Loctek Ergonomic Technology |
| GXO Logistics vs. Forward Air | GXO Logistics vs. Landstar System | GXO Logistics vs. JB Hunt Transport | GXO Logistics vs. Expeditors International of |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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