ZOETIS A (Germany) Market Value
| ZOE Stock | EUR 167.50 0.48 0.29% |
| Symbol | ZOETIS |
ZOETIS A '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 A'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 ZOETIS A.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in ZOETIS A on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding ZOETIS A or generate 0.0% return on investment in ZOETIS A over 30 days. ZOETIS A is related to or competes with NIPPON STEEL, FAST RETAIL, Perma-Fix Environmental, BlueScope Steel, Salesforce, and Tradeweb Markets. More
ZOETIS A 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 A'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 ZOETIS A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.8 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 1.91 |
ZOETIS A Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZOETIS A's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZOETIS A's standard deviation. In reality, there are many statistical measures that can use ZOETIS A historical prices to predict the future ZOETIS A's volatility.| Risk Adjusted Performance | 0.0282 | |||
| Jensen Alpha | 0.0197 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3443 |
ZOETIS A Backtested Returns
Currently, ZOETIS A is very steady. ZOETIS A shows Sharpe Ratio of 0.0279, which attests that the company had a 0.0279% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ZOETIS A, which you can use to evaluate the volatility of the company. Please check out ZOETIS A's Mean Deviation of 0.8839, downside deviation of 1.7, and Risk Adjusted Performance of 0.0282 to validate if the risk estimate we provide is consistent with the expected return of 0.0368%. ZOETIS A has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.0908, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ZOETIS A's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZOETIS A is expected to be smaller as well. ZOETIS A currently maintains a risk of 1.32%. Please check out ZOETIS A potential upside, daily balance of power, and the relationship between the treynor ratio and expected short fall , to decide if ZOETIS A will be following its historical returns.
Auto-correlation | 0.15 |
Insignificant predictability
ZOETIS A has insignificant predictability. Overlapping area represents the amount of predictability between ZOETIS A time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 A price movement. The serial correlation of 0.15 indicates that less than 15.0% of current ZOETIS A price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
ZOETIS A lagged returns against current returns
Autocorrelation, which is ZOETIS A 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 ZOETIS A's stock expected returns. We can calculate the autocorrelation of ZOETIS A returns to help us make a trade decision. For example, suppose you find that ZOETIS A 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 |
ZOETIS A 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 A stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZOETIS A stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZOETIS A stock over time.
Current vs Lagged Prices |
| Timeline |
ZOETIS A Lagged Returns
When evaluating ZOETIS A's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZOETIS A stock have on its future price. ZOETIS A 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 A autocorrelation shows the relationship between ZOETIS A stock current value and its past values and can show if there is a momentum factor associated with investing in ZOETIS A.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ZOETIS Stock Analysis
When running ZOETIS A's price analysis, check to measure ZOETIS A's 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 ZOETIS A is operating at the current time. Most of ZOETIS A's value examination focuses on studying past and present price action to predict the probability of ZOETIS A's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZOETIS A's price. Additionally, you may evaluate how the addition of ZOETIS A to your portfolios can decrease your overall portfolio volatility.