ZTO Express Correlations
| ZTO Stock | USD 18.98 0.02 0.11% |
The current 90-days correlation between ZTO Express and Landstar System is 0.12 (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 0.09 (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.
ZTO |
Moving together with ZTO Stock
Moving against ZTO Stock
| 0.81 | FDX | FedEx | PairCorr |
| 0.81 | HUBG | Hub Group | PairCorr |
| 0.7 | CRGO | Freightos Limited | PairCorr |
| 0.59 | AIRTP | Air T Inc | PairCorr |
| 0.55 | JBHT | JB Hunt Transport Fiscal Year End 16th of January 2025 | PairCorr |
| 0.53 | RLGT | Radiant Logistics | PairCorr |
| 0.52 | PBI | Pitney Bowes Sell-off Trend | PairCorr |
| 0.46 | CRGOW | Freightos Limited | PairCorr |
| 0.75 | HI | Hillenbrand | PairCorr |
| 0.69 | AL | Air Lease | PairCorr |
| 0.69 | BE | Bloom Energy Corp | PairCorr |
| 0.65 | PL | Planet Labs PBC Earnings Call This Week | PairCorr |
| 0.53 | CR | Crane Company | PairCorr |
| 0.53 | LZ | LegalZoom | PairCorr |
| 0.48 | R | Ryder System | PairCorr |
| 0.43 | AZ | A2Z Smart Technologies | PairCorr |
| 0.37 | PH | Parker Hannifin | PairCorr |
Related Correlations Analysis
| 0.31 | 0.15 | -0.11 | 0.53 | -0.08 | FWRD | ||
| 0.31 | 0.4 | 0.18 | 0.46 | 0.39 | LSTR | ||
| 0.15 | 0.4 | -0.4 | 0.34 | 0.76 | JBHT | ||
| -0.11 | 0.18 | -0.4 | -0.02 | -0.12 | EXPD | ||
| 0.53 | 0.46 | 0.34 | -0.02 | 0.2 | CHRW | ||
| -0.08 | 0.39 | 0.76 | -0.12 | 0.2 | 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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FWRD | 2.46 | 0.04 | 0.02 | 0.15 | 2.75 | 4.39 | 12.56 | |||
| LSTR | 1.20 | (0.08) | (0.04) | 0.05 | 1.33 | 2.39 | 8.45 | |||
| JBHT | 1.24 | 0.02 | 0.02 | 0.13 | 1.33 | 3.15 | 6.94 | |||
| EXPD | 0.88 | (0.04) | 0.00 | (0.05) | 0.00 | 1.89 | 4.65 | |||
| CHRW | 0.94 | (0.02) | (0.04) | 0.08 | 1.34 | 2.16 | 8.29 | |||
| HUBG | 1.40 | 0.02 | 0.06 | 0.13 | 1.29 | 3.32 | 11.93 |