Zillow Backtesting

Z -- USA Stock  

USD 39.68  1.89  5.00%

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

Zillow 'What if' Analysis

August 22, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
November 20, 2019
0.00
If you would invest  0.00  in Zillow on August 22, 2019 and sell it all today you would earn a total of 0.00 from holding Zillow Group or generate 0.0% return on investment in Zillow over 90 days. Zillow is related to or competes with Alphabet, Facebook, JD Com, VeriSign, Akamai Technologies, Autohome, and Weibo. Zillow Group, Inc. operates real estate and home-related brands on mobile and the Web in the United States

Zillow Upside/Downside Indicators

Downside Deviation2.42
Information Ratio0.0028
Maximum Drawdown15.0
Value At Risk(3.48)
Potential Upside3.52

Zillow Market Premium Indicators

Risk Adjusted Performance0.0358
Jensen Alpha(0.037829)
Total Risk Alpha(0.26)
Sortino Ratio0.0032
Treynor Ratio0.068

Zillow Group Backtested Returns

We consider Zillow not too volatile. Zillow Group shows Sharpe Ratio of 0.0497 which attests that the company had 0.0497% of return per unit of risk over the last 3 months. Our philosophy towards determining 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 Zillow Group which you can use to evaluate future volatility of the organization. Please check out Zillow Group Market Risk Adjusted Performance of 0.078, Downside Deviation of 2.42 and Mean Deviation of 2.09 to validate if risk estimate we provide are consistent with the epected return of 0.1421%. Zillow has performance score of 3 on a scale of 0 to 100. The firm maintains market beta of 1.4885 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Zillow will likely underperform. Although it is extremely important to respect Zillow Group historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining 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 examining Zillow Group technical indicators you can presently evaluate if the expected return of 0.1421% will be sustainable into the future. Zillow Group right now maintains a risk of 2.8575%. Please check out Zillow Group Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if Zillow Group will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.81) 
correlation synergy

Excellent reverse predictability

Zillow Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Zillow time series from August 22, 2019 to October 6, 2019 and October 6, 2019 to November 20, 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 Zillow Group price movement. The serial correlation of -0.81 indicates that around 81.0% of current Zillow price fluctuation can be explain by its past prices. Given that Zillow Group has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Zillow for similar time interval.
Correlation Coefficient-0.81
Spearman Rank Test-0.83
Residual Average0.0
Price Variance10.14

Zillow Group lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Zillow regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Zillow Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - Z

Zillow Group Investor Sentiment

More than half of Macroaxis users are at this time bullish on Zillow Group. What is your take regarding investing in Zillow Group? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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See also Zillow Hype Analysis, Zillow Correlation, Zillow Valuation, Zillow Volatility as well as analyze Zillow Alpha and Beta and Zillow Performance. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.
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