ZOETIS INC 445 Market Value
| 98978VAP8 | 88.26 1.84 2.13% |
| Symbol | ZOETIS |
ZOETIS '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 ZOETIS's bond 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 ZOETIS.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in ZOETIS on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding ZOETIS INC 445 or generate 0.0% return on investment in ZOETIS over 690 days. ZOETIS is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
ZOETIS 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 ZOETIS's bond 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 ZOETIS INC 445 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 13.25 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.6 |
ZOETIS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZOETIS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZOETIS's standard deviation. In reality, there are many statistical measures that can use ZOETIS historical prices to predict the future ZOETIS's volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 0.1014 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 1.88 |
ZOETIS INC 445 Backtested Returns
ZOETIS INC 445 shows Sharpe Ratio of -0.0144, which attests that the bond had a -0.0144% return per unit of volatility over the last 3 months. ZOETIS INC 445 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZOETIS's Downside Deviation of 2.41, risk adjusted performance of 0.0464, and Mean Deviation of 1.34 to validate the risk estimate we provide. The entity maintains a market beta of 0.0575, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZOETIS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZOETIS is expected to be smaller as well.
Auto-correlation | -0.21 |
Weak reverse predictability
ZOETIS INC 445 has weak reverse predictability. Overlapping area represents the amount of predictability between ZOETIS time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 ZOETIS INC 445 price movement. The serial correlation of -0.21 indicates that over 21.0% of current ZOETIS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 5.94 |
ZOETIS INC 445 lagged returns against current returns
Autocorrelation, which is ZOETIS bond'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 ZOETIS's bond expected returns. We can calculate the autocorrelation of ZOETIS returns to help us make a trade decision. For example, suppose you find that ZOETIS has exhibited high autocorrelation historically, and you observe that the bond 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 |
ZOETIS 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 ZOETIS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZOETIS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZOETIS bond over time.
Current vs Lagged Prices |
| Timeline |
ZOETIS Lagged Returns
When evaluating ZOETIS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZOETIS bond have on its future price. ZOETIS 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, ZOETIS autocorrelation shows the relationship between ZOETIS bond current value and its past values and can show if there is a momentum factor associated with investing in ZOETIS INC 445.
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.Other Information on Investing in ZOETIS Bond
ZOETIS financial ratios help investors to determine whether ZOETIS Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ZOETIS with respect to the benefits of owning ZOETIS security.