ZTO Express Correlations

ZTO Stock

USD 21.76 0.46 2.16%

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

Significant diversification

The correlation between ZTO Express and DJI is 0.01 (i.e., Significant 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.

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 estimate.

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

Moving against ZTO Stock

0.61	GXO	GXO Logistics	Pair Corr
0.61	FWRD	Forward Air	Pair Corr
0.59	JBHT	JB Hunt Transport Sell-off Trend	Pair Corr
0.51	HUBG	Hub Group	Pair Corr
0.51	LSTR	Landstar System	Pair Corr
0.47	LSH	Lakeside Holding	Pair Corr
0.43	FDX	FedEx Earnings Call Today	Pair Corr
0.63	J	Jacobs Solutions	Pair Corr
0.58	BV	BrightView Holdings	Pair Corr
0.55	BTOC	Armlogi Holding Corp	Pair Corr
0.54	SGLY	Singularity Future	Pair Corr
0.54	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr
0.67	GP	GreenPower Motor	Pair Corr
0.57	DY	Dycom Industries	Pair Corr
0.55	CW	Curtiss Wright	Pair Corr
0.55	HI	Hillenbrand	Pair Corr

Related Correlations Analysis

	FWRD	LSTR	JBHT	EXPD	CHRW	HUBG
FWRD		0.74	0.85	-0.56	0.49	0.85	FWRD
LSTR	0.74		0.86	-0.17	0.86	0.93	LSTR
JBHT	0.85	0.86		-0.32	0.6	0.89	JBHT
EXPD	-0.56	-0.17	-0.32		0.09	-0.2	EXPD
CHRW	0.49	0.86	0.6	0.09		0.76	CHRW
HUBG	0.85	0.93	0.89	-0.2	0.76		HUBG
	FWRD	LSTR	JBHT	EXPD	CHRW	HUBG

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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

HUBG	+ 0.93	LSTR
HUBG	+ 0.89	JBHT
JBHT	+ 0.86	LSTR
CHRW	+ 0.86	LSTR
JBHT	+ 0.85	FWRD
HUBG	+ 0.85	FWRD

High negative correlations

EXPD	- 0.56	FWRD
EXPD	- 0.32	JBHT
HUBG	- 0.2	EXPD
EXPD	- 0.17	LSTR

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FWRD	2.58	(0.57)	(0.62)	6.61	(6.28)	21.86
LSTR	1.08	(0.26)	(0.46)	1.94	(2.57)	8.73
JBHT	1.29	(0.25)	(0.48)	2.70	(3.25)	10.22
EXPD	1.07	0.01	(0.08)	2.17	(2.47)	8.61
CHRW	1.24	(0.06)	(0.18)	2.66	(2.23)	11.46
HUBG	1.42	(0.35)	(0.45)	2.16	(3.55)	7.02

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