Zimmer Biomet (Germany) Market Value
| ZIM Stock | EUR 97.74 2.64 2.78% |
| 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 Rayonier Advanced, Clean Energy, GOODYEAR T, COPLAND ROAD, Ultra Clean, GOLD ROAD, and Mitsubishi Materials. 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 | (0.02) | |||
| Maximum Drawdown | 9.29 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.32 |
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 | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | 0.0973 | |||
| Treynor Ratio | 1.02 |
Zimmer Biomet Holdings Backtested Returns
Zimmer Biomet Holdings shows Sharpe Ratio of -0.0261, which attests that the company had a -0.0261 % return per unit of risk over the last 3 months. Zimmer Biomet Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zimmer Biomet's Standard Deviation of 1.64, mean deviation of 1.21, and Market Risk Adjusted Performance of 1.03 to validate the risk estimate we provide. The firm maintains a market beta of -0.15, 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 -0.0451%. Please make sure to check out Zimmer Biomet's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Zimmer Biomet Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
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 0.23 indicates that over 23.0% of current Zimmer Biomet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 14.82 |
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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Additional Tools for Zimmer Stock Analysis
When running Zimmer Biomet's price analysis, check to measure Zimmer Biomet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zimmer Biomet is operating at the current time. Most of Zimmer Biomet's value examination focuses on studying past and present price action to predict the probability of Zimmer Biomet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zimmer Biomet's price. Additionally, you may evaluate how the addition of Zimmer Biomet to your portfolios can decrease your overall portfolio volatility.