ZTO Express Correlations

ZTO Stock

USD 24.14 0.61 2.46%

The current 90-days correlation between ZTO Express and JB Hunt Transport is -0.05 (i.e., Good diversification). 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

Poor diversification

The correlation between ZTO Express and DJI is 0.75 (i.e., Poor 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.

Build AI portfolio with ZTO Stock

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 population.

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

Moving together with ZTO Stock

0.85	DHL	Deutsche Post AG Earnings Call This Week	Pair Corr
0.83	3GT	RADIANT LOGISTICS	Pair Corr
0.88	HSP	Hargreaves Services Plc	Pair Corr
0.93	ZTOB	ZTO EXPRESS	Pair Corr
0.97	ZTOA	ZTO Express	Pair Corr
0.94	FDX	FedEx Sell-off Trend	Pair Corr
0.85	DPWA	DEUTSCHE POST SPONSADR Earnings Call This Week	Pair Corr
0.95	GXO	GXO Logistics	Pair Corr
0.92	UPS	United Parcel Service	Pair Corr
0.92	XPO	XPO Logistics	Pair Corr
0.89	UPAB	United Parcel Service	Pair Corr
0.79	TTNM	Titanium Transportation	Pair Corr
0.87	JB1	JB Hunt Transport	Pair Corr
0.94	O3P	Österreichische Post	Pair Corr
0.72	TGHN	Logwin AG	Pair Corr
0.74	1CM	NIKKON HOLDINGS TD	Pair Corr
0.9	5CI	Logista	Pair Corr
0.65	PNL	PostNL NV	Pair Corr
0.94	FDX	FedEx	Pair Corr
0.81	13B	bpost NV Earnings Call This Week	Pair Corr
0.94	93N	GXO LOGISTICS INC	Pair Corr
0.82	DHL	Deutsche Post AG Earnings Call This Week	Pair Corr

Moving against ZTO Stock

0.75	JYD	Jayud Global Logistics	Pair Corr
0.71	GVH	Globavend Holdings	Pair Corr
0.62	S8G1	SUPER GROUP LTD	Pair Corr
0.45	FLX	BingEx	Pair Corr
0.59	HKPD	Hong Kong Pharma	Pair Corr
0.56	KYL	KERRY LOGNETWORK	Pair Corr
0.91	WJL	Webjet Group	Pair Corr
0.8	1YM	MARUWA UNYU KIKAN	Pair Corr
0.56	822	JD LOGISTICS DL Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	XPO	LTM	TXT	CHRW	ALLE	CSL	WSO	WWD
JBHT		0.36	0.86	0.76	0.87	0.81	0.42	0.91	0.9	0.93	JBHT
EXPD	0.36		0.0	0.67	0.21	0.62	0.41	0.17	0.29	0.19	EXPD
XPO	0.86	0.0		0.47	0.77	0.68	0.43	0.94	0.9	0.94	XPO
LTM	0.76	0.67	0.47		0.63	0.87	0.48	0.6	0.74	0.65	LTM
TXT	0.87	0.21	0.77	0.63		0.63	0.3	0.88	0.84	0.87	TXT
CHRW	0.81	0.62	0.68	0.87	0.63		0.58	0.73	0.84	0.78	CHRW
ALLE	0.42	0.41	0.43	0.48	0.3	0.58		0.52	0.56	0.46	ALLE
CSL	0.91	0.17	0.94	0.6	0.88	0.73	0.52		0.95	0.96	CSL
WSO	0.9	0.29	0.9	0.74	0.84	0.84	0.56	0.95		0.94	WSO
WWD	0.93	0.19	0.94	0.65	0.87	0.78	0.46	0.96	0.94		WWD
	JBHT	EXPD	XPO	LTM	TXT	CHRW	ALLE	CSL	WSO	WWD

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WWD	+ 0.96	CSL
WSO	+ 0.95	CSL
CSL	+ 0.94	XPO
WWD	+ 0.94	XPO
WWD	+ 0.94	WSO
WWD	+ 0.93	JBHT

High negative correlations

XPO

- 0.0

EXPD

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
JBHT	1.30	0.43	0.29	0.44	1.09	(1.58)	4.09	(1.64)	9.49
EXPD	1.36	(0.07)	(0.01)	0.03	2.96	(1.30)	2.31	(2.26)	15.64
XPO	2.24	0.56	0.25	0.33	2.19	(2.59)	5.39	(4.14)	16.05
LTM	1.51	0.31	0.14	0.46	1.85	(1.69)	3.92	(3.47)	9.72
TXT	1.18	0.23	0.11	0.37	1.63	(1.23)	2.37	(1.83)	11.43
CHRW	1.53	0.21	0.08	0.22	2.80	(1.73)	4.64	(1.85)	19.66
ALLE	1.04	(0.07)	(0.04)	(0.01)	1.93	(1.08)	2.75	(2.03)	12.68
CSL	1.36	0.29	0.20	0.32	1.13	(1.53)	4.11	(2.44)	14.57
WSO	1.36	0.24	0.19	0.26	1.11	(1.56)	4.09	(2.21)	7.92
WWD	1.71	0.50	0.40	0.45	0.90	(2.28)	3.61	(2.14)	16.03

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