Zto Express Stock Market Value
| ZTO Stock | USD 21.07 0.83 4.10% |
| Symbol | ZTO |
ZTO Express Price To Book Ratio
Is ZTO Express' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ZTO Express. If investors know ZTO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ZTO Express listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.02 | Dividend Share 4.396 | Earnings Share 1.46 | Revenue Per Share 47.563 | Quarterly Revenue Growth 0.076 |
The market value of ZTO Express is measured differently than its book value, which is the value of ZTO that is recorded on the company's balance sheet. Investors also form their own opinion of ZTO Express' value that differs from its market value or its book value, called intrinsic value, which is ZTO Express' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ZTO Express' market value can be influenced by many factors that don't directly affect ZTO Express' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZTO Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if ZTO Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZTO Express' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ZTO Express 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ZTO Express' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ZTO Express.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in ZTO Express on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding ZTO Express or generate 0.0% return on investment in ZTO Express over 90 days. ZTO Express is related to or competes with JB Hunt, Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. ZTO Express Inc. provides express delivery and other value-added logistics services in the Peoples Republic of China More
ZTO Express Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ZTO Express' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ZTO Express upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.14 | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 4.21 |
ZTO Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZTO Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZTO Express' standard deviation. In reality, there are many statistical measures that can use ZTO Express historical prices to predict the future ZTO Express' volatility.| Risk Adjusted Performance | 0.1186 | |||
| Jensen Alpha | 0.3275 | |||
| Total Risk Alpha | 0.1126 | |||
| Sortino Ratio | 0.1714 | |||
| Treynor Ratio | 0.441 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZTO Express' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ZTO Express Backtested Returns
ZTO Express appears to be very steady, given 3 months investment horizon. ZTO Express shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ZTO Express, which you can use to evaluate the volatility of the company. Please utilize ZTO Express' Downside Deviation of 1.87, mean deviation of 1.75, and Risk Adjusted Performance of 0.1186 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZTO Express holds a performance score of 14. The firm maintains a market beta of 0.9, which attests to possible diversification benefits within a given portfolio. ZTO Express returns are very sensitive to returns on the market. As the market goes up or down, ZTO Express is expected to follow. Please check ZTO Express' downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether ZTO Express' historical returns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
ZTO Express has good reverse predictability. Overlapping area represents the amount of predictability between ZTO Express time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ZTO Express price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current ZTO Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
ZTO Express lagged returns against current returns
Autocorrelation, which is ZTO Express stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ZTO Express' stock expected returns. We can calculate the autocorrelation of ZTO Express returns to help us make a trade decision. For example, suppose you find that ZTO Express has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ZTO Express regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ZTO Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZTO Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZTO Express stock over time.
Current vs Lagged Prices |
| Timeline |
ZTO Express Lagged Returns
When evaluating ZTO Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZTO Express stock have on its future price. ZTO Express autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ZTO Express autocorrelation shows the relationship between ZTO Express stock current value and its past values and can show if there is a momentum factor associated with investing in ZTO Express.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ZTO Express offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZTO Express' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zto Express Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zto Express Stock:Check out ZTO Express Correlation, ZTO Express Volatility and ZTO Express Alpha and Beta module to complement your research on ZTO Express. To learn how to invest in ZTO Stock, please use our How to Invest in ZTO Express guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for ZTO Stock analysis
When running ZTO Express' price analysis, check to measure ZTO Express' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZTO Express is operating at the current time. Most of ZTO Express' value examination focuses on studying past and present price action to predict the probability of ZTO Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZTO Express' price. Additionally, you may evaluate how the addition of ZTO Express to your portfolios can decrease your overall portfolio volatility.
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ZTO Express technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.