Media Center

You have questions; we have answers. The Media Center is the place to gain insight into our latest research, data, and analysis and connect with Forrester's PR team.

< View All Media Resources

How Customer Experience Impacts Company Stock Performance
February 22, 2018

Forrester today released research that examines the relationship between a company’s customer experience (CX) quality and its stock performance. The research found that there is a correlation between the two — the top 20% of brands in Forrester’s Customer Experience Index (CX Index™) had higher stock price growth and higher total returns than a similar portfolio of companies drawn from the bottom 20%. Here are some other key findings from the research:

  • Brand-by-brand correlation between stock performance and CX is weak. Forrester found a Pearson correlation of just under 0.4, right on the border between a low and moderate correlation. This shows that as CX Index scores increase, so does stock performance — but with a great amount of variability.

  • The leader category contains different industries than the laggard category. Out of the nine industries represented in the leader category, which ranged from digital retailers to airlines to auto and home insurance providers, only one industry also contained brands in the laggard category.

  • Within a single industry, leaders don't always outperform laggards. Out of the 15 industries with more than one publicly traded brand, seven had CX laggards (health insurance providers, airlines, TV service providers, internet service providers, etc.) that outperformed the CX leader on total returns.

Click here for more information, and please contact us if you'd like a copy of this report.

About Forrester

Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We work with business and technology leaders to develop customer-obsessed strategies that drive growth. Forrester’s unique insights are grounded in annual surveys of more than 500,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients. Through proprietary research, data, custom consulting, exclusive executive peer groups, and events, the Forrester experience is about a singular and powerful purpose: to challenge the thinking of our clients to help them lead change in their organizations.


Jenna Vassallo
Marketing Manager
Forrester Research, Inc.

Tel. 617-613-5746



Twitter Face Book LinkedIn Youtube