DENTSPLY SIRONA Backtesting

DENTSPLY SIRONA -- USA Stock  

USD 50.62  0.35  0.70%

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

DENTSPLY SIRONA 'What if' Analysis

February 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
April 19, 2018
0.00
If you would invest  0.00  in DENTSPLY SIRONA on February 18, 2018 and sell it all today you would earn a total of 0.00 from holding DENTSPLY SIRONA or generate 0.0% return on investment in DENTSPLY SIRONA over 60 days. DENTSPLY SIRONA is related to or competes with DexCom, Boston Scientific, Cooper Companies, Quest Diagnostics, ResMed, and STRYKER CP. DENTSPLY SIRONA Inc. designs, develops, manufactures, and markets various dental and oral health products, and other con...

DENTSPLY SIRONA Upside/Downside Indicators

Information Ratio0.17
Maximum Drawdown6.72
Value At Risk2.54
Potential Upside1.79
  

DENTSPLY SIRONA Market Premium Indicators

Risk Adjusted Performance0.31
Jensen Alpha0.28
Total Risk Alpha0.25
Treynor Ratio7.89

DENTSPLY SIRONA Backtested Returns

Macroaxis considers DENTSPLY SIRONA to be not too risky. DENTSPLY SIRONA secures Sharpe Ratio (or Efficiency) of -0.2202 which denotes DENTSPLY SIRONA had -0.2202% of return per unit of risk over the last 2 months. Macroaxis approach towards predicting 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. DENTSPLY SIRONA exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DENTSPLY SIRONA Mean Deviation of 1.19 to check risk estimate we provide. Macroaxis gives DENTSPLY SIRONA performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.035 which denotes to the fact that as returns on market increase, returns on owning DENTSPLY SIRONA are expected to decrease at a much smaller rate. During bear market, DENTSPLY SIRONA is likely to outperform the market.. Even though it is essential to pay attention to DENTSPLY SIRONA historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards predicting 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. DENTSPLY SIRONA exposes twenty-one different technical indicators which can help you to evaluate its performance. DENTSPLY SIRONA has expected return of -0.3193%. Please be advised to confirm DENTSPLY SIRONA Variance and Potential Upside to decide if DENTSPLY SIRONA past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.24 

Weak predictability

DENTSPLY SIRONA has weak predictability. Overlapping area represents the amount of predictability between DENTSPLY SIRONA time series from February 18, 2018 to March 20, 2018 and March 20, 2018 to April 19, 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 DENTSPLY SIRONA price movement. The serial correlation of 0.24 indicates that over 24.0% of current DENTSPLY SIRONA price fluctuation can be explain by its past prices.
Correlation Coefficient 0.24
Spearman Rank Test -0.15
Price Variance 2.29
Lagged Price Variance 0.96

DENTSPLY SIRONA lagged returns against current returns

 Current and Lagged Values 
      Timeline 

DENTSPLY SIRONA regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

DENTSPLY SIRONA Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - XRAY

DENTSPLY SIRONA Investor Sentiment
Most of Macroaxis users are at this time bullish on DENTSPLY SIRONA. What is your opinion about investing in DENTSPLY SIRONA? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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See also DENTSPLY SIRONA Hype Analysis, DENTSPLY SIRONA Correlation, DENTSPLY SIRONA Valuation, DENTSPLY SIRONA Volatility as well as analyze DENTSPLY SIRONA Alpha and Beta and DENTSPLY SIRONA Performance. Please also try Portfolio Quick Import module to import or update all your transactions via one easy-to-use interface.