How Low Can FedEx Stock Go?

FedEx (FDX) has experienced an average drawdown of -23% across 15 major market disruptions, versus an average -16% decline for the S&P 500. FDX underperformed the benchmark by ~700 basis points on average during system breakdowns, signalling higher downside sensitivity. Incorporate this differential when sizing positions and stress-testing tail-risk scenarios in portfolios with material FedEx exposure.

Analysis

FedEx (FDX) has experienced an average drawdown of -23% across 15 major market disruptions, versus an average -16% decline for the S&P 500. FDX underperformed the benchmark by ~700 basis points on average during system breakdowns, signalling higher downside sensitivity. Incorporate this differential when sizing positions and stress-testing tail-risk scenarios in portfolios with material FedEx exposure.