ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share (ZTO) Correlation Distribution
Across 6,809 rolling correlation observations between ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share (ZTO) and other NASDAQ-listed stocks, 64% are positive and 36% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.167, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 7.6%.
- Total observations
- 6,809
- Mean correlation
- 0.167
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64%
- Strong positive (≥0.7)
- 15.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 260 | 3.8% | |
| -0.8 to -0.7 | 259 | 3.8% | |
| -0.7 to -0.6 | 374 | 5.5% | |
| -0.6 to -0.5 | 373 | 5.5% | |
| -0.5 to -0.4 | 254 | 3.7% | |
| -0.4 to -0.3 | 254 | 3.7% | |
| -0.3 to -0.2 | 220 | 3.2% | |
| -0.2 to -0.1 | 220 | 3.2% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 270 | 4.0% | |
| 0.2 to 0.3 | 269 | 4.0% | |
| 0.3 to 0.4 | 424 | 6.2% | |
| 0.4 to 0.5 | 423 | 6.2% | |
| 0.5 to 0.6 | 849 | 12.5% | |
| 0.6 to 0.7 | 848 | 12.5% | |
| 0.7 to 0.8 | 517 | 7.6% | |
| 0.8 to 0.9 | 517 | 7.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ZTO?
ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share (ZTO) has an average correlation of about 0.167 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ZTO positively correlated with other stocks?
Mostly yes — 64% of pairs are positive and 36% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for ZTO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for ZTO.
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