Zoetis Inc Stock Market Value
| ZTS Stock | USD 149.56 4.02 2.76% |
| Symbol | Zoetis |
Zoetis Inc Price To Book Ratio
Is Zoetis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zoetis. If investors know Zoetis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zoetis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.164 | Dividend Share 1.5 | Earnings Share 5.06 | Revenue Per Share 18.527 | Quarterly Revenue Growth 0.085 |
The market value of Zoetis Inc is measured differently than its book value, which is the value of Zoetis that is recorded on the company's balance sheet. Investors also form their own opinion of Zoetis' value that differs from its market value or its book value, called intrinsic value, which is Zoetis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zoetis' market value can be influenced by many factors that don't directly affect Zoetis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zoetis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zoetis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zoetis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Zoetis '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 Zoetis' 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 Zoetis.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Zoetis on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Zoetis Inc or generate 0.0% return on investment in Zoetis over 420 days. Zoetis is related to or competes with Silver Spike, Alkermes Plc, Eagle Pharmaceuticals, and Evotec SE. Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic prod... More
Zoetis 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 Zoetis' 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 Zoetis Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 2.24 |
Zoetis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zoetis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zoetis' standard deviation. In reality, there are many statistical measures that can use Zoetis historical prices to predict the future Zoetis' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zoetis' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Zoetis Inc Backtested Returns
Zoetis Inc shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Zoetis Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zoetis' Standard Deviation of 1.93, mean deviation of 1.34, and Market Risk Adjusted Performance of (0.26) to validate the risk estimate we provide. The firm maintains a market beta of 1.46, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zoetis will likely underperform. Zoetis Inc has an expected return of -0.32%. Please make sure to check out Zoetis Inc total risk alpha, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Zoetis Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Zoetis Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Zoetis time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zoetis Inc price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Zoetis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 192.21 |
Zoetis Inc lagged returns against current returns
Autocorrelation, which is Zoetis 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 Zoetis' stock expected returns. We can calculate the autocorrelation of Zoetis returns to help us make a trade decision. For example, suppose you find that Zoetis 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 |
Zoetis 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 Zoetis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zoetis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zoetis stock over time.
Current vs Lagged Prices |
| Timeline |
Zoetis Lagged Returns
When evaluating Zoetis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zoetis stock have on its future price. Zoetis 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, Zoetis autocorrelation shows the relationship between Zoetis stock current value and its past values and can show if there is a momentum factor associated with investing in Zoetis Inc.
Regressed Prices |
| Timeline |
Zoetis Investors Sentiment
The influence of Zoetis' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Zoetis. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Zoetis' public news can be used to forecast risks associated with an investment in Zoetis. The trend in average sentiment can be used to explain how an investor holding Zoetis can time the market purely based on public headlines and social activities around Zoetis Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Zoetis' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Zoetis' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Zoetis' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Zoetis.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Zoetis in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Zoetis' short interest history, or implied volatility extrapolated from Zoetis options trading.
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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.When determining whether Zoetis Inc is a strong investment it is important to analyze Zoetis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zoetis' future performance. For an informed investment choice regarding Zoetis Stock, refer to the following important reports:Check out Zoetis Correlation, Zoetis Volatility and Zoetis Alpha and Beta module to complement your research on Zoetis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Zoetis Stock analysis
When running Zoetis' price analysis, check to measure Zoetis' 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 Zoetis is operating at the current time. Most of Zoetis' value examination focuses on studying past and present price action to predict the probability of Zoetis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoetis' price. Additionally, you may evaluate how the addition of Zoetis to your portfolios can decrease your overall portfolio volatility.
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