FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally.
FedEx sales are correlated with the basic economic indicators such as employment, personal consumption, and GDP. E-Commerce sales are projected to grow greatly over the next 3 years and should help FedEx sales.
SalesForekast™ projects FedEx to perform better than their best fit line and steadily increase. Over the next few quarters, personal consumption levels are likely to shape FedEx's growth rate through positive correlation.
FedEx stock has performed well over the past several years (except for 2015). Currently, The Dow Transports, as a whole, are performing well. You can use SalesForecast to correlate indexes such as Dow Transports as well. This gives you better insight as to which economic factor drive the index.
Note: SalesForekast™ also allows you to change the projected growth rate of macroeconomic indicators. This feature enables the testing of market sensitivities and can help determine how they shape company forecasts.