ZTO Express Correlations

ZTO Stock

USD 19.10 0.02 0.10%

The current 90-days correlation between ZTO Express and JB Hunt Transport is 0.01 (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

Average diversification

The correlation between ZTO Express and DJI is 0.12 (i.e., Average 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 housing.

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

Moving together with ZTO Stock

0.65	GXO	GXO Logistics	Pair Corr
0.85	FWRD	Forward Air	Pair Corr
0.69	PBI	Pitney Bowes	Pair Corr
0.63	HUBG	Hub Group	Pair Corr
0.82	AIRTP	Air T Inc	Pair Corr
0.69	CRGOW	Freightos Limited	Pair Corr
0.88	PBI-PB	Pitney Bowes NT	Pair Corr
0.83	TOPP	Toppoint Holdings	Pair Corr
0.73	CHRW	CH Robinson Worldwide	Pair Corr
0.81	CRGO	Freightos Limited	Pair Corr
0.7	CYRX	Cryoport	Pair Corr
0.86	J	Jacobs Solutions	Pair Corr
0.81	R	Ryder System	Pair Corr
0.76	BA	Boeing	Pair Corr
0.82	BE	Bloom Energy Corp	Pair Corr
0.69	BR	Broadridge Financial	Pair Corr

Moving against ZTO Stock

0.81	NCEW	New Century Logistics	Pair Corr
0.77	HXHX	Haoxin Holdings	Pair Corr
0.75	GVH	Globavend Holdings	Pair Corr
0.74	LSH	Lakeside Holding	Pair Corr
0.61	UPS	United Parcel Service	Pair Corr
0.6	LSTR	Landstar System	Pair Corr
0.8	ATXG	Addentax Group Corp	Pair Corr

Related Correlations Analysis

	FWRD	LSTR	JBHT	EXPD	CHRW	HUBG
FWRD		-0.34	0.51	0.58	0.56	0.72	FWRD
LSTR	-0.34		0.33	-0.3	-0.7	-0.01	LSTR
JBHT	0.51	0.33		0.41	0.04	0.38	JBHT
EXPD	0.58	-0.3	0.41		0.78	0.53	EXPD
CHRW	0.56	-0.7	0.04	0.78		0.48	CHRW
HUBG	0.72	-0.01	0.38	0.53	0.48		HUBG
	FWRD	LSTR	JBHT	EXPD	CHRW	HUBG

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

CHRW	+ 0.78	EXPD
HUBG	+ 0.72	FWRD
EXPD	+ 0.58	FWRD
CHRW	+ 0.56	FWRD
HUBG	+ 0.53	EXPD
JBHT	+ 0.51	FWRD

High negative correlations

CHRW	- 0.7	LSTR
LSTR	- 0.34	FWRD
EXPD	- 0.3	LSTR
HUBG	- 0.01	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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FWRD	2.62	1.14	0.34	(0.67)	1.80	(3.14)	8.01	(3.95)	21.78
LSTR	1.34	0.00	0.00	0.10	0.00	0.00	3.03	(2.61)	8.24
JBHT	1.45	(0.09)	(0.02)	0.04	1.55	(1.72)	3.30	(2.94)	8.40
EXPD	1.12	(0.04)	(0.03)	0.06	1.23	(1.30)	2.08	(1.98)	6.32
CHRW	1.38	0.31	0.22	0.57	0.98	(1.69)	2.46	(1.77)	20.31
HUBG	1.70	0.21	0.03	(0.31)	1.84	(1.79)	4.00	(2.68)	8.93

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