DENTSPLY SIRONA Backtesting

DENTSPLY SIRONA Inc -- USA Stock  

USD 60.8  1.15  1.86%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of DENTSPLY SIRONA Inc 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

December 24, 2017
0.00
No Change 0.00  0.0%
In 30 days
January 23, 2018
0.00
If you would invest  0.00  in DENTSPLY SIRONA on December 24, 2017 and sell it all today you would earn a total of 0.00 from holding DENTSPLY SIRONA Inc or generate 0.0% return on investment in DENTSPLY SIRONA over 30 days. DENTSPLY SIRONA is related to or competes with DexCom, Boston Scientific, Cooper Companies, Quest Diagnostics, ResMed. DENTSPLY International Inc offer dental consumable products, including dental anesthetics, prophylaxis paste, dental sea...

DENTSPLY SIRONA Upside/Downside Indicators

  

DENTSPLY SIRONA Market Premium Indicators

DENTSPLY SIRONA Inc 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 Inc Backtested Returns

Macroaxis considers DENTSPLY SIRONA to be not too risky. DENTSPLY SIRONA Inc secures Sharpe Ratio (or Efficiency) of -0.2115 which denotes DENTSPLY SIRONA Inc had -0.2115% of return per unit of risk over the last 1 month. 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 Inc 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 Inc Mean Deviation of 1.35 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 0.4695 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.. Even though it is essential to pay attention to DENTSPLY SIRONA Inc 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. DENTSPLY SIRONA Inc has expected return of -0.4316%. Please be advised to confirm DENTSPLY SIRONA Inc Variance and Potential Upside to decide if DENTSPLY SIRONA Inc past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.54) 

Good reverse predictability

DENTSPLY SIRONA Inc has good reverse predictability. Overlapping area represents the amount of predictability between DENTSPLY SIRONA time series from December 24, 2017 to January 8, 2018 and January 8, 2018 to January 23, 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 Inc price movement. The serial correlation of -0.54 indicates that about 54.0% of current DENTSPLY SIRONA price fluctuation can be explain by its past prices. Given that DENTSPLY SIRONA Inc 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 -0.54
Spearman Rank Test -0.63
Price Variance 3.99
Lagged Price Variance 0.6

DENTSPLY SIRONA Lagged Returns

 Regressed Prices 
      Timeline 

DENTSPLY SIRONA Performance vs DOW

The median price of DENTSPLY SIRONA for the period between Sun, Dec 24, 2017 and Tue, Jan 23, 2018 is 65.83 with a coefficient of variation of 3.08. The daily time series for the period is distributed with a sample standard deviation of 2.01, arithmetic mean of 65.33, and mean deviation of 1.57. The Stock received some media coverage during the period.
December 28, 2017DENTSPLY SIRONA Dividend Paid
Price Growth (%)  
      Timeline 
1
Consensus Buy Analysis DENTSPLY SIRONA Inc.01/22/2018