Zoetis Backtesting

ZTS -- USA Stock  

Earning Report: November 7, 2019  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Zoetis and determine expected loss or profit from investing in Zoetis over given investment horizon. See also Zoetis Hype Analysis, Zoetis Correlation, Zoetis Valuation, Zoetis Volatility as well as analyze Zoetis Alpha and Beta and Zoetis Performance.
Horizon     30 Days    Login   to change

Zoetis 'What if' Analysis

July 22, 2019
No Change 0.00  0.0 
In 2 months and 31 days
October 20, 2019
If you would invest  0.00  in Zoetis on July 22, 2019 and sell it all today you would earn a total of 0.00 from holding Zoetis or generate 0.0% return on investment in Zoetis over 90 days. Zoetis is related to or competes with Vertex Pharmaceuticals, Dr Reddys, Perrigo Company, Regeneron Pharmaceuticals, and Origin Agritech. Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic prod...

Zoetis Upside/Downside Indicators

Downside Deviation1.43
Information Ratio0.1254
Maximum Drawdown10.51
Value At Risk(2.33)
Potential Upside2.32

Zoetis Market Premium Indicators

Risk Adjusted Performance0.1135
Jensen Alpha0.1959
Total Risk Alpha0.216
Sortino Ratio0.1379
Treynor Ratio0.1745

Zoetis Backtested Returns

We consider Zoetis very steady. Zoetis shows Sharpe Ratio of 0.1055 which attests that the company had 0.1055% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Zoetis which you can use to evaluate future volatility of the organization. Please check out Zoetis Market Risk Adjusted Performance of 0.1845, Downside Deviation of 1.43 and Mean Deviation of 1.09 to validate if risk estimate we provide are consistent with the epected return of 0.1658%. Zoetis has performance score of 7 on a scale of 0 to 100. The firm maintains market beta of 0.9551 which attests that Zoetis returns are very sensitive to returns on the market. as market goes up or down, Zoetis is expected to follow. Although it is extremely important to respect Zoetis historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining Zoetis technical indicators you can presently evaluate if the expected return of 0.1658% will be sustainable into the future. Zoetis right now maintains a risk of 1.5712%. Please check out Zoetis Treynor Ratio, and the relationship between Variance and Potential Upside to decide if Zoetis will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.56 
correlation synergy

Modest predictability

Zoetis has modest predictability. Overlapping area represents the amount of predictability between Zoetis time series from July 22, 2019 to September 5, 2019 and September 5, 2019 to October 20, 2019. 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 price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Zoetis price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.42
Residual Average0.0
Price Variance6.12

Zoetis lagged returns against current returns

 Current and Lagged Values 

Zoetis regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Zoetis Lagged Returns

 Regressed Prices 

Current Sentiment - ZTS

Zoetis Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Zoetis. What is your take regarding investing in Zoetis? Are you bullish or bearish?
98% Bullish
2% Bearish

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See also Zoetis Hype Analysis, Zoetis Correlation, Zoetis Valuation, Zoetis Volatility as well as analyze Zoetis Alpha and Beta and Zoetis Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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