Zimmer Biomet (Germany) Market Value
| ZIM Stock | EUR 95.32 2.86 2.91% |
| Symbol | Zimmer |
Zimmer Biomet 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Zimmer Biomet's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Zimmer Biomet.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Zimmer Biomet on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Zimmer Biomet Holdings or generate 0.0% return on investment in Zimmer Biomet over 90 days. Zimmer Biomet is related to or competes with Ringmetall, Broadridge Financial, ADRIATIC METALS, Fukuyama Transporting, Transport International, and Television Broadcasts. More
Zimmer Biomet Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Zimmer Biomet's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Zimmer Biomet Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0207 | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.33 |
Zimmer Biomet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zimmer Biomet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zimmer Biomet's standard deviation. In reality, there are many statistical measures that can use Zimmer Biomet historical prices to predict the future Zimmer Biomet's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | 0.1172 | |||
| Treynor Ratio | 1.99 |
Zimmer Biomet Holdings Backtested Returns
Zimmer Biomet Holdings shows Sharpe Ratio of -0.0331, which attests that the company had a -0.0331 % return per unit of risk over the last 3 months. Zimmer Biomet Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zimmer Biomet's Mean Deviation of 1.04, standard deviation of 1.41, and Market Risk Adjusted Performance of 2.0 to validate the risk estimate we provide. The firm maintains a market beta of -0.049, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zimmer Biomet are expected to decrease at a much lower rate. During the bear market, Zimmer Biomet is likely to outperform the market. At this point, Zimmer Biomet Holdings has a negative expected return of -0.0472%. Please make sure to check out Zimmer Biomet's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Zimmer Biomet Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Zimmer Biomet Holdings has weak predictability. Overlapping area represents the amount of predictability between Zimmer Biomet time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zimmer Biomet Holdings price movement. The serial correlation of 0.24 indicates that over 24.0% of current Zimmer Biomet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 15.84 |
Zimmer Biomet Holdings lagged returns against current returns
Autocorrelation, which is Zimmer Biomet stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Zimmer Biomet's stock expected returns. We can calculate the autocorrelation of Zimmer Biomet returns to help us make a trade decision. For example, suppose you find that Zimmer Biomet has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Zimmer Biomet regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Zimmer Biomet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zimmer Biomet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zimmer Biomet stock over time.
Current vs Lagged Prices |
| Timeline |
Zimmer Biomet Lagged Returns
When evaluating Zimmer Biomet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zimmer Biomet stock have on its future price. Zimmer Biomet autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Zimmer Biomet autocorrelation shows the relationship between Zimmer Biomet stock current value and its past values and can show if there is a momentum factor associated with investing in Zimmer Biomet Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Zimmer Stock
When determining whether Zimmer Biomet Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zimmer Biomet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zimmer Biomet Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zimmer Biomet Holdings Stock:Check out Zimmer Biomet Correlation, Zimmer Biomet Volatility and Zimmer Biomet Alpha and Beta module to complement your research on Zimmer Biomet. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Zimmer Biomet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.