DENTSPLY SIRONA Backtesting

XRAY -- USA Stock  

USD 40.83  0.58  0.01%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

DENTSPLY SIRONA 'What if' Analysis

November 22, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
January 21, 2019
0.00
If you would invest  0.00  in DENTSPLY SIRONA on November 22, 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 ResMed, Stryker, Teleflex Incorporated, Varian Medical, Agilent Technologies, and Cigna. DENTSPLY SIRONA Inc. designs, develops, manufactures, and markets various dental and oral health products, and other con...

DENTSPLY SIRONA Upside/Downside Indicators

Downside Deviation1.24
Information Ratio0.185
Maximum Drawdown6.45
Value At Risk(1.78)
Potential Upside2.9
  

DENTSPLY SIRONA Market Premium Indicators

Risk Adjusted Performance0.2931
Jensen Alpha0.2046
Total Risk Alpha0.2549
Sortino Ratio0.2164
Treynor Ratio(1.62)

DENTSPLY SIRONA Backtested Returns

Macroaxis considers DENTSPLY SIRONA not too risky given 2 months investment horizon. DENTSPLY SIRONA secures Sharpe Ratio (or Efficiency) of 0.176 which denotes the organization had 0.176% of return per unit of risk over the last 2 months. Our approach towards predicting volatility of a stock is to use all available market data together with stock 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 utilize DENTSPLY SIRONA Downside Deviation of 1.24, Mean Deviation of 1.08 and Semi Deviation of 0.9906 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 DENTSPLY SIRONA holds performance score of 11. The firm shows Beta (market volatility) of -0.131 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. Although it is vital to follow to DENTSPLY SIRONA historical returns, it is good to be conservative about what you can actually do with the information regarding 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 0.2672% will be sustainable into the future. Please utilizes DENTSPLY SIRONA Variance and Potential Upside to make a quick decision on weather DENTSPLY SIRONA price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.18) 
correlation synergy

Insignificant reverse predictability

DENTSPLY SIRONA has insignificant reverse predictability. Overlapping area represents the amount of predictability between DENTSPLY SIRONA time series from November 22, 2018 to December 22, 2018 and December 22, 2018 to January 21, 2019. 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 -0.18 indicates that over 18.0% of current DENTSPLY SIRONA price fluctuation can be explain by its past prices. Given that DENTSPLY SIRONA has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DENTSPLY SIRONA for similar time interval.
Correlation Coefficient-0.18
Spearman Rank Test-0.08
Residual Average0.0
Price Variance2.37

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 

Did you try this?

Run Positions Ratings Now

   

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Positions Ratings

Also Currentnly Active

Purchased few shares of
few days ago
Traded for 0.52
Purchased over 90 shares of
few days ago
Traded for 0.13
Purchased few shares of
few days ago
Traded for 0.24
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Search macroaxis.com