Zto Express Stock Market Value
| ZTO Stock | USD 19.82 0.18 0.90% |
| Symbol | ZTO |
ZTO Express Price To Book Ratio
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ZTO Express. If investors know ZTO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ZTO Express listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.028 | Earnings Share 1.44 | Revenue Per Share 50.089 | Quarterly Revenue Growth 0.101 | Return On Assets 0.0775 |
The market value of ZTO Express is measured differently than its book value, which is the value of ZTO that is recorded on the company's balance sheet. Investors also form their own opinion of ZTO Express' value that differs from its market value or its book value, called intrinsic value, which is ZTO Express' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ZTO Express' market value can be influenced by many factors that don't directly affect ZTO Express' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZTO Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if ZTO Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZTO Express' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ZTO Express 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ZTO Express' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ZTO Express.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ZTO Express on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ZTO Express or generate 0.0% return on investment in ZTO Express over 30 days. ZTO Express is related to or competes with Forward Air, Landstar System, JB Hunt, Expeditors International, CH Robinson, and Hub. ZTO Express Inc. provides express delivery and other value-added logistics services in the Peoples Republic of China More
ZTO Express Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ZTO Express' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ZTO Express upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.39 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.32 |
ZTO Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZTO Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZTO Express' standard deviation. In reality, there are many statistical measures that can use ZTO Express historical prices to predict the future ZTO Express' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZTO Express' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZTO Express Backtested Returns
As of now, ZTO Stock is very steady. ZTO Express shows Sharpe Ratio of 0.0023, which attests that the company had a 0.0023% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for ZTO Express, which you can use to evaluate the volatility of the company. Please check out ZTO Express' Standard Deviation of 2.39, mean deviation of 1.79, and insignificant Risk Adjusted Performance to validate if the risk estimate we provide is consistent with the expected return of 0.0056%. The firm maintains a market beta of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZTO Express' returns are expected to increase less than the market. However, during the bear market, the loss of holding ZTO Express is expected to be smaller as well. ZTO Express presently maintains a risk of 2.41%. Please check out ZTO Express maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if ZTO Express will be following its historical returns.
Auto-correlation | 0.77 |
Good predictability
ZTO Express has good predictability. Overlapping area represents the amount of predictability between ZTO Express time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ZTO Express price movement. The serial correlation of 0.77 indicates that around 77.0% of current ZTO Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
ZTO Express lagged returns against current returns
Autocorrelation, which is ZTO Express stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ZTO Express' stock expected returns. We can calculate the autocorrelation of ZTO Express returns to help us make a trade decision. For example, suppose you find that ZTO Express has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ZTO Express regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ZTO Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZTO Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZTO Express stock over time.
Current vs Lagged Prices |
| Timeline |
ZTO Express Lagged Returns
When evaluating ZTO Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZTO Express stock have on its future price. ZTO Express autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ZTO Express autocorrelation shows the relationship between ZTO Express stock current value and its past values and can show if there is a momentum factor associated with investing in ZTO Express.
Regressed Prices |
| Timeline |
Pair Trading with ZTO Express
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZTO Express position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZTO Express will appreciate offsetting losses from the drop in the long position's value.Moving against ZTO Stock
| 0.78 | FDX | FedEx | PairCorr |
| 0.57 | HUBG | Hub Group | PairCorr |
| 0.43 | AIRTP | Air T Inc | PairCorr |
| 0.36 | JBHT | JB Hunt Transport Fiscal Year End 16th of January 2025 | PairCorr |
The ability to find closely correlated positions to ZTO Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZTO Express when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZTO Express - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZTO Express to buy it.
The correlation of ZTO Express is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ZTO Express can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out ZTO Express Correlation, ZTO Express Volatility and ZTO Express Alpha and Beta module to complement your research on ZTO Express. To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
ZTO Express technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.