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.
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.
Spearman Rank Test
Zenith Healthcare lagged returns against current returns
Current and Lagged Values
Zenith Healthcare regressed lagged prices vs. current prices
Current vs Lagged Prices
Zenith Healthcare Lagged Returns
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