ZTO Express Correlations

ZTO Stock

USD 18.84 0.06 0.32%

The current 90-days correlation between ZTO Express and CH Robinson Worldwide is -0.15 (i.e., Good 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

Modest diversification

The correlation between ZTO Express and DJI is 0.21 (i.e., Modest 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 manufacturing.

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

Moving against ZTO Stock

0.4	603535	Guangzhou Jiacheng	Pair Corr
0.34	XPO	XPO Logistics	Pair Corr
0.55	002468	STO Express	Pair Corr
0.41	002120	YUNDA Holding	Pair Corr
0.4	000099	Citic Offshore Helicopter	Pair Corr
0.37	HUBG	Hub Group	Pair Corr
0.4	001317	San Yang Ma	Pair Corr
0.36	DELHIVERY	Delhivery Limited	Pair Corr
0.32	CLX	Cti Logistics	Pair Corr

Related Correlations Analysis

	CHRW	EXPD	XPO	JBHT	TXT	ALLE	LTM	WSO	WWD
CHRW		0.68	0.69	0.38	0.26	0.02	-0.05	-0.56	0.4	CHRW
EXPD	0.68		0.53	0.3	0.1	-0.12	0.05	-0.2	0.21	EXPD
XPO	0.69	0.53		0.34	0.3	0.15	0.11	-0.3	0.12	XPO
JBHT	0.38	0.3	0.34		-0.31	-0.36	-0.19	-0.6	0.7	JBHT
TXT	0.26	0.1	0.3	-0.31		0.84	-0.13	-0.02	-0.06	TXT
ALLE	0.02	-0.12	0.15	-0.36	0.84		0.02	-0.05	-0.34	ALLE
LTM	-0.05	0.05	0.11	-0.19	-0.13	0.02		0.21	-0.5	LTM
WSO	-0.56	-0.2	-0.3	-0.6	-0.02	-0.05	0.21		-0.49	WSO
WWD	0.4	0.21	0.12	0.7	-0.06	-0.34	-0.5	-0.49		WWD
	CHRW	EXPD	XPO	JBHT	TXT	ALLE	LTM	WSO	WWD

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

ALLE	+ 0.84	TXT
WWD	+ 0.7	JBHT
XPO	+ 0.69	CHRW
EXPD	+ 0.68	CHRW
XPO	+ 0.53	EXPD
WWD	+ 0.4	CHRW

High negative correlations

WSO	- 0.6	JBHT
WSO	- 0.56	CHRW
WWD	- 0.5	LTM
WWD	- 0.49	WSO
ALLE	- 0.36	JBHT
WWD	- 0.34	ALLE

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
CHRW	1.26	0.33	0.20	0.55	1.06	(1.38)	2.38	(2.22)	22.91
EXPD	1.13	0.17	0.10	0.33	1.23	(1.24)	2.23	(2.45)	13.29
XPO	2.09	0.09	0.07	0.14	2.14	(2.42)	5.81	(3.88)	13.43
JBHT	1.84	0.28	0.14	0.45	1.66	(2.32)	3.67	(2.88)	24.93
TXT	1.10	(0.02)	0.00	0.07	1.43	(1.11)	2.20	(2.64)	7.34
ALLE	0.92	(0.06)	(0.05)	0.03	1.08	(0.93)	1.92	(2.06)	6.40
LTM	1.48	(0.11)	(0.03)	0.02	2.07	(1.44)	3.35	(3.46)	10.46
WSO	1.60	(0.38)	0.00	(0.14)	0.00	0.00	2.53	(3.60)	10.61
WWD	1.07	0.03	0.00	0.13	1.06	(1.14)	2.56	(1.80)	8.10

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