Zenith Healthcare (India) Backtesting

ZENITHHE -- India Stock  

INR 1.87  0.06  3.11%

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

August 24, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 23, 2018
0.00
If you would invest  0.00  in Zenith Healthcare on August 24, 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 30 days. Zenith Healthcare is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Zenith Healthcare Limited manufactures, sells, and exports pharmaceutical formulations in India

Zenith Healthcare Upside/Downside Indicators

Information Ratio0.4383
Maximum Drawdown6.64
Value At Risk1.72
Potential Upside4.88
  

Zenith Healthcare Market Premium Indicators

Risk Adjusted Performance0.2397
Jensen Alpha1.28
Total Risk Alpha0.3468
Treynor Ratio8.24

Zenith Healthcare Backtested Returns

We consider Zenith Healthcare extremely volatile. Zenith Healthcare shows Sharpe Ratio of 0.0138 which attests that Zenith Healthcare had 0.0138% of return per unit of risk over the last 1 month. 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 Zenith Healthcare which you can use to evaluate future volatility of the organization. Please check out Zenith Healthcare Market Risk Adjusted Performance of 8.23 and Mean Deviation of 2.19 to validate if risk estimate we provide are consistent with the epected return of 0.0408%. Zenith Healthcare has performance score of 0 on a scale of 0 to 100. The firm maintains market beta of -0.1521 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.. Although it is extremely important to respect Zenith Healthcare 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 Zenith Healthcare technical indicators you can presently evaluate if the expected return of 0.0408% will be sustainable into the future. Zenith Healthcare right now maintains a risk of 2.9537%. Please check out Zenith Healthcare Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Zenith Healthcare will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.86) 

Excellent reverse predictability

Zenith Healthcare Ltd has excellent reverse predictability. Overlapping area represents the amount of predictability between Zenith Healthcare time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 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 Zenith Healthcare price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Zenith Healthcare price fluctuation can be explain by its past prices. Given that Zenith Healthcare Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Zenith Healthcare for similar time interval.
Correlation Coefficient-0.86
Spearman Rank Test-0.64
Residual Average0.0
Price Variance0.01

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 Positions Ratings module to 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.
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