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.
|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.
|Spearman Rank Test||-0.64|