VOL. I · NO. 119 · standardpoorly.comTHU · MAY 28 · 2026FORWARD HORIZON · 1 d / 1 wk / 1 mo / 3 mo
STANDARD Poorly
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StandardequitiesSP-1085

FedEx

Small-parcel ground + express. Guidance has called every slowdown since 2018.

the verdict —
At the 252d horizon, this signal hits in the predicted direction 53% of fires. Mean SPY forward return when it lights: +0.57%. Status: in sample. n = 6376. Bullish on the underlying when fired.
What to watch when it fires
FDX

Current state

Latest value · 2026-05-22
394.2
vs ~6 weeks ago
5.4%
vs 60 days ago
1.7%
vs 7 days ago
6.6%
last 90 observations · 2026-01-14 2026-05-22

The series — full history

Daily readings, every reading we have. Pick a window with the time-period buttons; flip to candles via the global toggle in the masthead (or press C). Toggle the SPY overlay to see how this series and the S&P 500 have moved together.

FedEx
411.8 +192.0 (+87.38%) over 1Y
Hover for date + value · Toggle SPY to compare relative move · Switch to Candle for OHLC view
419.6366.9314.3261.6208.9May 25Aug 25Nov 25Feb 26May 26
2025-05-27 → 2026-05-27 · 252 bars

What it has historically predicted

Historically barely better than chance over the next year. We surface this for transparency, not because we'd trade on it.

49%
−0.03%
1 d
49%
−0.07%
1 wk
51%
−0.06%
1 mo
50%
−0.05%
3 mo
52%
+0.22%
6 mo
53%
+0.57%
1 yr

Beyond SPY — how this signal performs across markets

Same fire days, different forward returns. Each row asks: when this signal fires, what does that asset do? The big number is the average return; underneath is how often the asset moved the same direction as the signal (50% would be a coin flip).

target
1 d
1 wk
1 mo
3 mo
6 mo
1 yr
SPY
S&P 500 ETF
n=6,376
-0.03%
49% same direction
-0.07%
49% same direction
-0.06%
51% same direction
-0.05%
50% same direction
+0.22%
52% same direction
+0.57%
53% same direction
MOVE
bond volatility
n=6,616
+0.32%
52% same direction
+1.2%
54% same direction
+2.3%
54% same direction
+2.8%
53% same direction
+2.2%
53% same direction
+3.0%
52% same direction
Analyst · 6 moreWTI · Gold · BTC · Copper · DXY · VNQ see the full 8-target matrix with bootstrap confidence intervals.Join waitlist →

Each fire in history — when the signal popped, what SPY did next

Each bar is one historical fire — the indicator's value moved 2.5+ standard deviations from its rolling 180 trading-day mean (~9 months), or for monotonic “days since” indicators, crossed an 80th/90th/95th/99th percentile. Bar height = SPY's forward return at the selected horizon, signed by signal direction. Green above zero means the market moved with the signal; red below zero means it moved against.

horizon:
0 fires · 0% positive · avg +0.00%
−5.0%−2.5%0%+2.5%+5.0%
Each bar = one fire day (|z|≥2.5 from 180-day rolling baseline). Bar height = SPY return over the the next year, signed by signal direction. Dashed line = average across fires.
shaded cell = each row's strongest horizon (green = bullish forward return, red = bearish)“same direction” means the asset moved the same way the signal moved — opposite of a coin flip.