ZTO Express Correlations

ZTO Stock

USD 23.63 0.84 3.69%

The current 90-days correlation between ZTO Express and JB Hunt Transport is 0.36 (i.e., Weak 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 poor diversification

The correlation between ZTO Express and DJI is 0.85 (i.e., Very 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 poverty.

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

Moving together with ZTO Stock

0.94	EXPD	Expeditors International	Pair Corr
0.88	FDX	FedEx	Pair Corr
0.88	UPS	United Parcel Service Sell-off Trend	Pair Corr
0.72	XPO	XPO Logistics Trending	Pair Corr
0.85	UPAB	United Parcel Service	Pair Corr
0.83	NCEW	New Century Logistics	Pair Corr
0.7	NRSA	NTG Nordic Transport	Pair Corr
0.85	CJT	Cargojet	Pair Corr
0.88	RLGT	Radiant Logistics	Pair Corr
0.81	CHRW	CH Robinson Worldwide	Pair Corr
0.75	I9V	TITANIUM TRANSPORTGROUP	Pair Corr
0.66	APETF	Alpha Esports Tech	Pair Corr
0.77	THO	Thor Industries	Pair Corr
0.68	RCKY	Rocky Brands	Pair Corr
0.62	NFG	National Fuel Gas	Pair Corr
0.91	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.85	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.94	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.61	AROC	Archrock Symbol Change	Pair Corr
0.83	ANDE	Andersons	Pair Corr
0.94	FIBK	First Interstate Ban	Pair Corr
0.76	PGEZF	Group Ten Metals	Pair Corr

Moving against ZTO Stock

0.88	HKPD	Hong Kong Pharma	Pair Corr
0.69	CJMB	Callan JMB Common	Pair Corr
0.57	ATXG	Addentax Group Corp	Pair Corr
0.53	AIRT	Air T Inc	Pair Corr
0.52	FLX	BingEx Trending	Pair Corr
0.5	RVSN	Rail Vision	Pair Corr
0.4	BKLRF	Berkeley Energy	Pair Corr
0.75	BROGF	BROGF	Pair Corr
0.64	POFCY	Petrofac ADR	Pair Corr

Related Correlations Analysis

	JBHT	EXPD	XPO	LTM	TXT	CHRW	ALLE	CSL	WSO	WWD
JBHT		0.89	0.8	0.91	0.87	0.83	0.12	0.86	0.67	0.94	JBHT
EXPD	0.89		0.66	0.87	0.84	0.8	0.06	0.73	0.57	0.89	EXPD
XPO	0.8	0.66		0.72	0.58	0.8	0.49	0.85	0.79	0.8	XPO
LTM	0.91	0.87	0.72		0.83	0.94	0.22	0.79	0.77	0.9	LTM
TXT	0.87	0.84	0.58	0.83		0.7	0.12	0.82	0.63	0.85	TXT
CHRW	0.83	0.8	0.8	0.94	0.7		0.4	0.8	0.85	0.87	CHRW
ALLE	0.12	0.06	0.49	0.22	0.12	0.4		0.43	0.64	0.25	ALLE
CSL	0.86	0.73	0.85	0.79	0.82	0.8	0.43		0.87	0.85	CSL
WSO	0.67	0.57	0.79	0.77	0.63	0.85	0.64	0.87		0.71	WSO
WWD	0.94	0.89	0.8	0.9	0.85	0.87	0.25	0.85	0.71		WWD
	JBHT	EXPD	XPO	LTM	TXT	CHRW	ALLE	CSL	WSO	WWD

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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
JBHT	1.26	0.42	0.41	0.43	0.62	(1.62)	4.20	(1.54)	6.61
EXPD	1.22	0.45	0.43	0.56	0.58	(1.61)	2.46	(1.63)	13.29
XPO	2.17	0.34	0.18	0.21	2.04	(2.61)	5.48	(3.88)	11.44
LTM	1.56	0.54	0.27	0.80	1.47	(1.88)	3.95	(3.13)	8.49
TXT	1.08	0.15	0.08	0.21	1.53	(1.16)	2.31	(1.64)	11.43
CHRW	1.11	0.34	0.31	0.44	0.74	(1.42)	2.87	(1.70)	5.51
ALLE	0.87	0.02	0.02	0.08	0.95	(1.00)	2.34	(1.94)	5.10
CSL	1.40	0.22	0.15	0.18	1.39	(1.51)	4.24	(2.75)	8.62
WSO	1.41	0.14	0.12	0.15	1.24	(1.72)	4.09	(2.21)	7.55
WWD	1.74	0.46	0.33	0.35	1.15	(2.25)	3.61	(2.14)	16.03

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