Quest Diagnostics Backtesting

Quest Diagnostics Incorporated -- USA Stock  

USD 101.49  1.57  1.52%

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

Quest Diagnostics 'What if' Analysis

December 21, 2017
No Change 0.00  0.0%
In 30 days
January 20, 2018
If you would invest  0.00  in Quest Diagnostics on December 21, 2017 and sell it all today you would earn a total of 0.00 from holding Quest Diagnostics Incorporated or generate 0.0% return on investment in Quest Diagnostics over 30 days. Quest Diagnostics is related to or competes with DexCom, Boston Scientific, Cooper Companies, DENTSPLY SIRONA, and ResMed. Quest Diagnostics Inc offers clinical testing services, such as routine testing, genebased and esoteric testing, and dru...

Quest Diagnostics Upside/Downside Indicators


Quest Diagnostics Market Premium Indicators

Quest Diagnostics In lagged returns against current returns

 Current and Lagged Values 

Quest Diagnostics regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Quest Diagnostics In Backtested Returns

Macroaxis considers Quest Diagnostics not too risky given 1 month investment horizon. Quest Diagnostics In maintains Sharpe Ratio (i.e. Efficiency) of 0.3398 which implies Quest Diagnostics In had 0.3398% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Quest Diagnostics In which you can use to evaluate future volatility of the company. Please employ Quest Diagnostics In Standard Deviation of 0.5903, Downside Deviation of 0.454 and Risk Adjusted Performance of 0.1519 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Quest Diagnostics holds performance score of 22. The organization holds Beta of -0.3061 which implies as returns on market increase, returns on owning Quest Diagnostics are expected to decrease at a much smaller rate. During bear market, Quest Diagnostics is likely to outperform the market.. Although it is extremely important to respect Quest Diagnostics In current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting 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 analyzing Quest Diagnostics In technical indicators you can presently evaluate if the expected return of 0.2055% will be sustainable into the future. Please employ Quest Diagnostics In Variance as well as the relationship between Value At Risk and Skewness to make a quick decision on weather Quest Diagnostics historical price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.31 

Below average predictability

Quest Diagnostics Incorporated has below average predictability. Overlapping area represents the amount of predictability between Quest Diagnostics time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 20, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Quest Diagnostics In price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Quest Diagnostics price fluctuation can be explain by its past prices.
Correlation Coefficient 0.31
Spearman Rank Test 0.18
Price Variance 0.85
Lagged Price Variance 0.11

Quest Diagnostics Lagged Returns

 Regressed Prices 

Quest Diagnostics Performance vs DOW

The median price of Quest Diagnostics for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 99.48 with a coefficient of variation of 1.23. The daily time series for the period is distributed with a sample standard deviation of 1.23, arithmetic mean of 100.0, and mean deviation of 1.04. The Stock received some media coverage during the period.
January 8, 2018Quest Diagnostics Dividend Paid
Price Growth (%)  
Quest Diagnostics Breaks Above 200-Day Moving Average - Bull...01/19/2018