Zenith Healthcare (India) Backtesting

ZENITHHE -- India Stock  

INR 2.52  0.13  4.91%

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

Zenith Healthcare 'What if' Analysis

December 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
February 17, 2019
0.00
If you would invest  0.00  in Zenith Healthcare on December 19, 2018 and sell it all today you would earn a total of 0.00 from holding Zenith Healthcare Ltd or generate 0.0% return on investment in Zenith Healthcare over 60 days. Zenith Healthcare is related to or competes with Cipla, Piramal Enterprises, Cipla, Torrent Pharmaceuticals, GlaxoSmithkline Pharmaceuticals, Abbott India, and Abbott India. Zenith Healthcare Limited manufactures, sells, and exports pharmaceutical formulations in India

Zenith Healthcare Upside/Downside Indicators

Downside Deviation1.89
Information Ratio0.1464
Maximum Drawdown7.0
Value At Risk(1.96)
Potential Upside4.87
  

Zenith Healthcare Market Premium Indicators

Risk Adjusted Performance0.3291
Jensen Alpha0.403
Total Risk Alpha0.3128
Sortino Ratio0.1753
Treynor Ratio(223.80)

Zenith Healthcare Backtested Returns

Macroaxis considers Zenith Healthcare to be extremely risky. Zenith Healthcare shows Sharpe Ratio of -0.0708 which attests that the company had -0.0708% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. Zenith Healthcare exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Zenith Healthcare Downside Deviation of 1.89, Market Risk Adjusted Performance of (223.79) and Mean Deviation of 1.86 to validate risk estimate we provide. The firm maintains market beta of -0.0018 which attests that as returns on market increase, returns on owning Zenith Healthcare are expected to decrease at a much smaller rate. During bear market, Zenith Healthcare is likely to outperform the market. Even though it is essential to pay attention to Zenith Healthcare historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. Zenith Healthcare exposes twenty-one different technical indicators which can help you to evaluate its performance. Zenith Healthcare has expected return of -0.1678%. Please be advised to check out Zenith Healthcare Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Zenith Healthcare past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.82 
correlation synergy

Very good predictability

Zenith Healthcare Ltd has very good predictability. Overlapping area represents the amount of predictability between Zenith Healthcare time series from December 19, 2018 to January 18, 2019 and January 18, 2019 to February 17, 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 Zenith Healthcare price movement. The serial correlation of 0.82 indicates that around 82.0% of current Zenith Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient0.82
Spearman Rank Test0.66
Residual Average0.0
Price Variance0.02

Zenith Healthcare lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Zenith Healthcare regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Zenith Healthcare Lagged Returns

 Regressed Prices 
      Timeline 

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See also Zenith Healthcare Hype Analysis, Zenith Healthcare Correlation, Zenith Healthcare Valuation, Zenith Healthcare Volatility as well as analyze Zenith Healthcare Alpha and Beta and Zenith Healthcare Performance. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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