ZTO Express Correlations

ZTO Stock

USD 22.66 0.16 0.71%

The current 90-days correlation between ZTO Express and JB Hunt Transport is 0.08 (i.e., Significant 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

Very weak diversification

The correlation between ZTO Express and DJI is 0.4 (i.e., Very 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 persons.

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

Moving together with ZTO Stock

0.92	FWRD	Forward Air	Pair Corr
0.83	UPS	United Parcel Service	Pair Corr
0.74	XPO	XPO Logistics	Pair Corr
0.85	TTNM	Titanium Transportation	Pair Corr
0.72	NCEW	New Century Logistics	Pair Corr
0.84	UPS	UPS CDR	Pair Corr
0.77	601156	Eastern Air Logistics	Pair Corr
0.69	PPERY	Bank Mandiri Persero	Pair Corr
0.79	WF	Woori Financial Group	Pair Corr
0.94	JSPCF	JSP Corporation	Pair Corr
0.64	NRDS	Nerdwallet	Pair Corr
0.89	SCGLF	Socit Gnrale Socit	Pair Corr
0.76	OXBC	Oxford Bank	Pair Corr
0.68	SMG	Scotts Miracle Gro	Pair Corr
0.92	PFSB	Pennfed Financial	Pair Corr
0.84	DNGFF	Dongfang Electric	Pair Corr
0.76	DAC	Danaos	Pair Corr
0.8	STRNY	Severn Trent PLC	Pair Corr

Moving against ZTO Stock

0.52	000099	Citic Offshore Helicopter	Pair Corr
0.51	603713	Milkyway Chemical Supply	Pair Corr
0.73	ATMV	AlphaVest Acquisition Symbol Change	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	XPO	LTM	TXT	CHRW	ALLE	CSL	WSO	WWD
JBHT		0.85	0.78	0.92	0.83	0.81	-0.63	0.51	-0.02	0.9	JBHT
EXPD	0.85		0.74	0.84	0.75	0.91	-0.78	0.19	-0.35	0.88	EXPD
XPO	0.78	0.74		0.69	0.68	0.78	-0.47	0.41	0.05	0.74	XPO
LTM	0.92	0.84	0.69		0.93	0.79	-0.6	0.54	-0.02	0.93	LTM
TXT	0.83	0.75	0.68	0.93		0.69	-0.39	0.65	0.16	0.87	TXT
CHRW	0.81	0.91	0.78	0.79	0.69		-0.81	0.17	-0.3	0.84	CHRW
ALLE	-0.63	-0.78	-0.47	-0.6	-0.39	-0.81		0.09	0.58	-0.62	ALLE
CSL	0.51	0.19	0.41	0.54	0.65	0.17	0.09		0.7	0.51	CSL
WSO	-0.02	-0.35	0.05	-0.02	0.16	-0.3	0.58	0.7		-0.06	WSO
WWD	0.9	0.88	0.74	0.93	0.87	0.84	-0.62	0.51	-0.06		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

TXT	+ 0.93	LTM
WWD	+ 0.93	LTM
LTM	+ 0.92	JBHT
CHRW	+ 0.91	EXPD
WWD	+ 0.9	JBHT
WWD	+ 0.88	EXPD

High negative correlations

ALLE	- 0.81	CHRW
ALLE	- 0.78	EXPD
ALLE	- 0.63	JBHT
WWD	- 0.62	ALLE
ALLE	- 0.6	LTM
ALLE	- 0.47	XPO

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	1.49	0.62	0.49	1.91	0.55	(2.01)	3.34	(1.54)	24.93
EXPD	1.23	0.48	0.35	2.28	0.68	(1.60)	2.75	(2.00)	13.29
XPO	2.02	0.08	0.06	0.17	2.15	(2.27)	5.39	(4.36)	14.63
LTM	1.40	0.52	0.26	(8.59)	1.18	(1.75)	3.32	(2.24)	8.49
TXT	1.00	0.11	0.09	0.22	0.95	(1.10)	2.26	(1.64)	6.24
CHRW	1.38	0.44	0.36	0.75	0.66	(1.80)	2.89	(1.70)	22.91
ALLE	0.91	(0.20)	0.00	(0.12)	0.00	0.00	2.18	(2.28)	5.10
CSL	1.21	(0.01)	0.03	0.11	1.56	(1.17)	4.11	(2.75)	7.52
WSO	1.53	(0.12)	(0.03)	0.03	1.92	(1.68)	4.06	(2.70)	10.61
WWD	1.59	0.27	0.22	0.26	1.24	(1.89)	3.61	(2.23)	16.03

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