ZTO Express Correlations

ZTO Stock

USD 20.24 0.05 0.25%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZTO Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZTO Express moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ZTO Express Correlation With Market

Significant diversification

The correlation between ZTO Express and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZTO Express and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZTO Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.

Moving against ZTO Stock

0.52	GVH	Globavend Holdings	Pair Corr
0.61	CP	Canadian Pacific Railway Earnings Call This Week	Pair Corr
0.48	DE	Deere Company	Pair Corr
0.41	CW	Curtiss Wright	Pair Corr
0.41	LZ	LegalZoom	Pair Corr
0.4	AL	Air Lease	Pair Corr
0.38	AP	Ampco Pittsburgh	Pair Corr
0.37	BW	Babcock Wilcox Enter	Pair Corr
0.37	OP	Oceanpal	Pair Corr
0.36	BV	BrightView Holdings	Pair Corr

Related Correlations Analysis

	FWRD	LSTR	JBHT	EXPD	CHRW	HUBG
FWRD		0.38	0.82	0.67	0.7	0.61	FWRD
LSTR	0.38		0.7	0.82	0.72	0.83	LSTR
JBHT	0.82	0.7		0.87	0.88	0.88	JBHT
EXPD	0.67	0.82	0.87		0.85	0.85	EXPD
CHRW	0.7	0.72	0.88	0.85		0.9	CHRW
HUBG	0.61	0.83	0.88	0.85	0.9		HUBG
	FWRD	LSTR	JBHT	EXPD	CHRW	HUBG

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Risk-Adjusted Indicators

There is a big difference between ZTO Stock performing well and ZTO Express Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ZTO Express' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FWRD	3.23	1.42	0.29	(1.28)	2.53	(3.75)	9.53	(4.17)	25.09
LSTR	1.29	(0.23)	(0.09)	0.04	1.48	(1.40)	2.88	(2.69)	8.87
JBHT	1.46	(0.12)	0.03	0.13	1.29	(1.78)	2.93	(2.44)	13.63
EXPD	1.22	(0.17)	(0.04)	0.09	1.35	(1.45)	2.90	(2.16)	9.33
CHRW	1.16	(0.06)	0.01	0.15	1.05	(1.38)	2.46	(1.77)	10.74
HUBG	1.72	(0.22)	0.00	0.09	1.88	(1.82)	4.00	(2.68)	12.32

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ZTO Express Correlations

ZTO Express Correlation With Market

Significant diversification

Moving against ZTO Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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