DENTSPLY SIRONA Backtesting

XRAY -- USA Stock  

USD 45.34  1.10  2.49%

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

June 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 19, 2018
0.00
If you would invest  0.00  in DENTSPLY SIRONA on June 19, 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 30 days. DENTSPLY SIRONA is related to or competes with Stryker, Teleflex Incorporated, Varian Medical, Agilent Technologies, IQVIA Holdings, and CIGNA CP. DENTSPLY SIRONA Inc. designs, develops, manufactures, and markets various dental and oral health products, and other con...

DENTSPLY SIRONA Upside/Downside Indicators

Downside Deviation1.43
Information Ratio0.08
Maximum Drawdown5.39
Value At Risk1.41
Potential Upside2.19
  

DENTSPLY SIRONA Market Premium Indicators

Risk Adjusted Performance0.0244
Jensen Alpha0.05
Total Risk Alpha0.25
Sortino Ratio0.07
Treynor Ratio0.0478

DENTSPLY SIRONA Backtested Returns

We consider DENTSPLY SIRONA not too risky. DENTSPLY SIRONA secures Sharpe Ratio (or Efficiency) of 0.0382 which denotes DENTSPLY SIRONA had 0.0382% of return per unit of risk over the last 1 month. Our approach towards predicting 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-one technical indicators for DENTSPLY SIRONA which you can use to evaluate future volatility of the firm. Please confirm DENTSPLY SIRONA Semi Deviation of 1.34, Mean Deviation of 1.03 and Downside Deviation of 1.43 to check if risk estimate we provide are consistent with the epected return of 0.0507%. DENTSPLY SIRONA has performance score of 2 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.6575 which denotes to the fact that as returns on market increase, DENTSPLY SIRONA returns are expected to increase less than the market. However during bear market, the loss on holding DENTSPLY SIRONA will be expected to be smaller as well.. Although it is extremely important to respect DENTSPLY SIRONA historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards predicting 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 DENTSPLY SIRONA technical indicators you can right now evaluate if the expected return of 0.0507% will be sustainable into the future. DENTSPLY SIRONA at this time shows a risk of 1.3277%. Please confirm DENTSPLY SIRONA Variance and Potential Upside to decide if DENTSPLY SIRONA will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.21 

Weak predictability

DENTSPLY SIRONA has weak predictability. Overlapping area represents the amount of predictability between DENTSPLY SIRONA time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 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 0.21 indicates that over 21.0% of current DENTSPLY SIRONA price fluctuation can be explain by its past prices.
Correlation Coefficient 0.21
Spearman Rank Test 0.1
Price Variance 0.2
Lagged Price Variance 0.25

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
Skip

Also Currentnly Active

Purchased few shares of
few hours ago
Traded for 79.19
Purchased few shares of
few hours ago
Traded for 179.93
Purchased few shares of
few hours ago
Traded for 281.04
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 Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.