Analyzing the Correlation Between Logistic Companies' Revenues and the Dynamics of the S&P 500 Index in the Light of Accelerated Digitization

Abstract

The objective of this study is to examine the complex relationship between the revenues of logistics companies in the US market and the performance of the S&P 500 Index between 2009 and 2022. Through a comprehensive analysis, the study aimed to identify correlations and key patterns that could shed light on the impact of logistics companies on the performance of the S&P 500 Index. Key findings show a correlation coefficient of -0.18, suggesting a moderate negative correlation between logistics company earnings and movements in the S&P 500 Index. Notable trends emerged in key years, particularly 2020 and 2021, highlighting the resilience and responsiveness of logistics earnings to broader economic and market changes.