Quest Diagnostics Backtesting

Quest Diagnostics Incorporated -- USA Stock  

USD 99.74  0.29  0.29%

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
SymbolX
Backtest

Quest Diagnostics 'What if' Analysis

February 23, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 24, 2018
0.00
If you would invest  0.00  in Quest Diagnostics on February 23, 2018 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 60 days. Quest Diagnostics is related to or competes with DexCom, Boston Scientific, Cooper Companies, DENTSPLY SIRONA, ResMed, and STRYKER CP. Quest Diagnostics Incorporated provides diagnostic testing information and services in the United States and internation...

Quest Diagnostics Upside/Downside Indicators

Information Ratio0.0119
Maximum Drawdown5.53
Value At Risk2.48
Potential Upside1.47
  

Quest Diagnostics Market Premium Indicators

Risk Adjusted Performance0.055862
Jensen Alpha0.046757
Total Risk Alpha2.0E-4
Treynor Ratio0.81

Quest Diagnostics In Backtested Returns

Macroaxis considers Quest Diagnostics to be not too risky. Quest Diagnostics In maintains Sharpe Ratio (i.e. Efficiency) of -0.047 which implies Quest Diagnostics In had -0.047% of return per unit of risk over the last 2 months. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Quest Diagnostics In exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Quest Diagnostics In Coefficient Of Variation of 3,115 and Risk Adjusted Performance of 0.055862 to confirm risk estimate we provide. Macroaxis gives Quest Diagnostics performance score of 0 on a scale of 0 to 100. The organization holds Beta of 0.0629 which implies as returns on market increase, Quest Diagnostics returns are expected to increase less than the market. However during bear market, the loss on holding Quest Diagnostics will be expected to be smaller as well.. Even though it is essential to pay attention to Quest Diagnostics In current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Quest Diagnostics In exposes twenty-one different technical indicators which can help you to evaluate its performance. Quest Diagnostics In has expected return of -0.0594%. Please be advised to check Quest Diagnostics In Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Quest Diagnostics In past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 

Virtually no predictability

Quest Diagnostics Incorporated has virtually no predictability. Overlapping area represents the amount of predictability between Quest Diagnostics time series from February 23, 2018 to March 25, 2018 and March 25, 2018 to April 24, 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 0.09 indicates that less than 9.0% of current Quest Diagnostics price fluctuation can be explain by its past prices.
Correlation Coefficient 0.09
Spearman Rank Test 0.15
Price Variance 1.2
Lagged Price Variance 2.74

Quest Diagnostics In lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Quest Diagnostics regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Quest Diagnostics Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - DGX

Quest Diagnostics In Investor Sentiment
Greater number of Macroaxis users are currently bullish on Quest Diagnostics Incorporated. What is your perspective on investing in Quest Diagnostics Incorporated? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
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. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.