Zimmer Biomet (Germany) Market Value
| ZIM Stock | EUR 105.45 0.35 0.33% |
| Symbol | Zimmer |
Zimmer Biomet '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 Zimmer Biomet's 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 Zimmer Biomet.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Zimmer Biomet on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Zimmer Biomet Holdings or generate 0.0% return on investment in Zimmer Biomet over 420 days. Zimmer Biomet is related to or competes with Abbott Laboratories, Medtronic PLC, Stryker, Boston Scientific, Edwards Lifesciences, and Align Technology. Zimmer Biomet Holdings, Inc., together with its subsidiaries, designs, manufactures, and markets musculoskeletal healthc... More
Zimmer Biomet 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 Zimmer Biomet's 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 Zimmer Biomet Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.32 |
Zimmer Biomet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zimmer Biomet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zimmer Biomet's standard deviation. In reality, there are many statistical measures that can use Zimmer Biomet historical prices to predict the future Zimmer Biomet's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1829 |
Zimmer Biomet Holdings Backtested Returns
At this point, Zimmer Biomet is very steady. Zimmer Biomet Holdings shows Sharpe Ratio of 0.0392, which attests that the company had a 0.0392% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zimmer Biomet Holdings, which you can use to evaluate the volatility of the company. Please check out Zimmer Biomet's Market Risk Adjusted Performance of 0.1929, mean deviation of 1.15, and Downside Deviation of 2.08 to validate if the risk estimate we provide is consistent with the expected return of 0.0704%. Zimmer Biomet has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zimmer Biomet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zimmer Biomet is expected to be smaller as well. Zimmer Biomet Holdings right now maintains a risk of 1.8%. Please check out Zimmer Biomet Holdings sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Zimmer Biomet Holdings will be following its historical returns.
Auto-correlation | -0.65 |
Very good reverse predictability
Zimmer Biomet Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Zimmer Biomet time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 Zimmer Biomet Holdings price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Zimmer Biomet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 22.82 |
Zimmer Biomet Holdings lagged returns against current returns
Autocorrelation, which is Zimmer Biomet 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 Zimmer Biomet's stock expected returns. We can calculate the autocorrelation of Zimmer Biomet returns to help us make a trade decision. For example, suppose you find that Zimmer Biomet 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 |
Zimmer Biomet 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 Zimmer Biomet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zimmer Biomet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zimmer Biomet stock over time.
Current vs Lagged Prices |
| Timeline |
Zimmer Biomet Lagged Returns
When evaluating Zimmer Biomet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zimmer Biomet stock have on its future price. Zimmer Biomet 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, Zimmer Biomet autocorrelation shows the relationship between Zimmer Biomet stock current value and its past values and can show if there is a momentum factor associated with investing in Zimmer Biomet Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Zimmer Stock
When determining whether Zimmer Biomet Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zimmer Biomet's 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 Zimmer Biomet Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zimmer Biomet Holdings Stock:Check out Zimmer Biomet Correlation, Zimmer Biomet Volatility and Zimmer Biomet Alpha and Beta module to complement your research on Zimmer Biomet. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Zimmer Biomet 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.