As of 22 of October Zoetis maintains Downside Deviation of 1.45, Market Risk Adjusted Performance of 0.1771 and Mean Deviation of 1.1. Relative to Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Zoetis as well as the relationship between them. Specifically you can use this information to find out if the organization will indeed mirror its model of past data patterns or the prices will eventually revert. We found nineteen technical drivers for Zoetis which can be compared to its rivals. Please check out ZoetisTreynor Ratio, and the relationship between Variance and Potential Upside to decide if Zoetis is priced fairly providing market reflects its latest price of 128.12 per share. Given that Zoetis has Jensen Alpha of 0.1804, we strongly advise you confirm Zoetis prevalent market performance to make sure the company can sustain itself at future point.
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Zoetis volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.
Zoetis Trend Analysis
Use this graph to draw trend lines for Zoetis. You can use it to identify possible trend reversals for Zoetis as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Zoetis price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Zoetis Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Zoetis applied against its price change over selected period. The best fit line has a slop of 0.13 which may imply that Zoetis will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 686.3, which is the sum of squared deviations for the predicted Zoetis price change compared to its average price change.