ZTO Express Correlations

ZTO Stock

USD 21.27 0.18 0.84%

The current 90-days correlation between ZTO Express and JB Hunt Transport is 0.11 (i.e., Average 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

Weak diversification

The correlation between ZTO Express and DJI is 0.35 (i.e., Weak 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

0.82	EXPD	Expeditors International	Pair Corr
0.84	FDX	FedEx	Pair Corr
0.75	UPS	United Parcel Service	Pair Corr
0.69	XPO	XPO Logistics	Pair Corr
0.81	TTNM	Titanium Transportation	Pair Corr
0.91	HUBG	Hub Group	Pair Corr
0.82	002769	Shenzhen Prolto Supply	Pair Corr
0.72	002889	Shenzhen Easttop Supply	Pair Corr
0.64	CLX	Cti Logistics	Pair Corr

Moving against ZTO Stock

0.9	002352	SF Holding	Pair Corr
0.84	HKPD	Hong Kong Pharma	Pair Corr
0.82	603117	Jiangsu Wanlin Modern	Pair Corr
0.82	000099	Citic Offshore Helicopter	Pair Corr
0.75	GVH	Globavend Holdings	Pair Corr
0.66	002120	YUNDA Holding	Pair Corr
0.62	002468	STO Express	Pair Corr
0.62	002245	Jiangsu Aucksun	Pair Corr
0.61	001202	Guangdong Jushen Log	Pair Corr
0.53	603535	Guangzhou Jiacheng	Pair Corr
0.47	JYD	Jayud Global Logistics	Pair Corr
0.46	603329	Shanghai Ace InvestDvlp	Pair Corr
0.38	600119	YUD Yangtze River	Pair Corr
0.34	FLX	BingEx	Pair Corr
0.91	CJMB	Callan JMB Common	Pair Corr
0.83	300240	Jiangsu Feiliks Intl	Pair Corr
0.82	600787	CMST Development	Pair Corr
0.79	AIRT	Air T Inc	Pair Corr
0.77	300013	Jiangsu Xinning Modern	Pair Corr
0.77	603648	Shanghai Shine Link	Pair Corr
0.74	603713	Milkyway Chemical Supply	Pair Corr
0.68	002210	Shenzhen Feima Inter	Pair Corr
0.65	300873	Hichain Logistics	Pair Corr
0.5	ATXG	Addentax Group Corp	Pair Corr
0.37	603871	Jiayou International	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	XPO	LTM	TXT	CHRW	ALLE	CSL	WSO	WWD
JBHT		0.81	0.73	0.78	0.33	0.77	-0.77	0.04	-0.69	0.86	JBHT
EXPD	0.81		0.73	0.78	0.42	0.93	-0.82	-0.25	-0.67	0.86	EXPD
XPO	0.73	0.73		0.64	0.45	0.75	-0.52	0.08	-0.38	0.71	XPO
LTM	0.78	0.78	0.64		0.66	0.71	-0.64	0.19	-0.43	0.82	LTM
TXT	0.33	0.42	0.45	0.66		0.34	-0.06	0.41	0.16	0.54	TXT
CHRW	0.77	0.93	0.75	0.71	0.34		-0.84	-0.29	-0.65	0.81	CHRW
ALLE	-0.77	-0.82	-0.52	-0.64	-0.06	-0.84		0.37	0.83	-0.71	ALLE
CSL	0.04	-0.25	0.08	0.19	0.41	-0.29	0.37		0.49	0.07	CSL
WSO	-0.69	-0.67	-0.38	-0.43	0.16	-0.65	0.83	0.49		-0.56	WSO
WWD	0.86	0.86	0.71	0.82	0.54	0.81	-0.71	0.07	-0.56		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

CHRW	+ 0.93	EXPD
WWD	+ 0.86	JBHT
WWD	+ 0.86	EXPD
WSO	+ 0.83	ALLE
WWD	+ 0.82	LTM
EXPD	+ 0.81	JBHT

High negative correlations

ALLE	- 0.84	CHRW
ALLE	- 0.82	EXPD
ALLE	- 0.77	JBHT
WWD	- 0.71	ALLE
WSO	- 0.69	JBHT
WSO	- 0.67	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	1.66	0.63	0.41	1.40	0.97	(2.13)	4.41	(2.10)	24.93
EXPD	1.23	0.30	0.21	0.44	1.05	(1.49)	2.75	(2.26)	13.29
XPO	2.04	0.01	0.02	0.08	2.39	(2.23)	5.39	(4.36)	14.63
LTM	1.59	0.26	0.08	(1.43)	1.87	(1.75)	3.26	(3.47)	8.49
TXT	0.99	0.06	0.04	0.13	1.27	(0.97)	2.06	(1.83)	6.24
CHRW	1.37	0.29	0.19	0.44	1.11	(1.59)	2.89	(2.42)	22.91
ALLE	0.91	(0.21)	0.00	(0.17)	0.00	0.00	2.15	(2.28)	5.10
CSL	1.12	(0.10)	(0.04)	(0.01)	1.72	(0.98)	2.04	(2.72)	6.10
WSO	1.51	(0.28)	0.00	(0.11)	0.00	0.00	3.56	(3.60)	10.61
WWD	1.58	0.31	0.22	0.25	1.26	(1.80)	3.42	(2.23)	16.03

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