DENTSPLY SIRONA Backtesting

XRAY -- USA Stock  

USD 37.06  0.83  2.29%

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

September 16, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 16, 2018
0.00
If you would invest  0.00  in DENTSPLY SIRONA on September 16, 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 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

Maximum Drawdown3.95
Value At Risk1.73
Potential Upside1.55
  

DENTSPLY SIRONA Market Premium Indicators

Risk Adjusted Performance0.01

DENTSPLY SIRONA Backtested Returns

Macroaxis considers DENTSPLY SIRONA to be not too risky. DENTSPLY SIRONA secures Sharpe Ratio (or Efficiency) of -0.2017 which denotes DENTSPLY SIRONA had -0.2017% 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 exposes twenty-eight 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 0.8007 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 0.0 which denotes to the fact that the returns on MARKET and DENTSPLY SIRONA are completely uncorrelated. 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-eight different technical indicators which can help you to evaluate its performance. DENTSPLY SIRONA has expected return of -0.2132%. Please be advised to confirm DENTSPLY SIRONA Potential Upside as well as the relationship between Accumulation Distribution and Price Action Indicator to decide if DENTSPLY SIRONA past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.37 

Below average predictability

DENTSPLY SIRONA has below average predictability. Overlapping area represents the amount of predictability between DENTSPLY SIRONA time series from September 16, 2018 to October 1, 2018 and October 1, 2018 to October 16, 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 0.37 indicates that just about 37.0% of current DENTSPLY SIRONA price fluctuation can be explain by its past prices.
Correlation Coefficient0.37
Spearman Rank Test0.51
Residual Average0.0
Price Variance0.49

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 

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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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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