ZTO Express (Germany) Statistic Functions Pearson Correlation Coefficient

ZTOA Stock  EUR 17.70  0.30  1.72%   
ZTO Express statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against ZTO Express. ZTO Express value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. ZTO Express statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of ZTO Express and its benchmark or peer.

ZTO Express Technical Analysis Modules

Most technical analysis of ZTO Express help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ZTO from various momentum indicators to cycle indicators. When you analyze ZTO charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About ZTO Express Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ZTO Express. We use our internally-developed statistical techniques to arrive at the intrinsic value of ZTO Express based on widely used predictive technical indicators. In general, we focus on analyzing ZTO Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ZTO Express's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of ZTO Express's intrinsic value. In addition to deriving basic predictive indicators for ZTO Express, we also check how macroeconomic factors affect ZTO Express price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
15.3117.7020.09
Details
Intrinsic
Valuation
LowRealHigh
16.9119.3021.69
Details
Naive
Forecast
LowNextHigh
14.6517.0419.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.2119.0120.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ZTO Express. Your research has to be compared to or analyzed against ZTO Express' peers to derive any actionable benefits. When done correctly, ZTO Express' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ZTO Express.

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Additional Information and Resources on Investing in ZTO Stock

When determining whether ZTO Express offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZTO Express' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zto Express Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zto Express 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 nation.
For more detail on how to invest in ZTO Stock please use our How to Invest in ZTO Express guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.