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BRAZIL – July 7, 2020: The Zoetis logo is depicted on a smartphone in this photo illustration. [+] (Image courtesy of Rafael Henrique/SOPA Images/LightRocket/Getty Images)
Getty Images/SOPA Images/LightRocket
Zoetis (NYSE: ZTS), an animal health firm, has had its stock price increase by 10% in the last twenty-one trading days, and by 40% in the last year. Increased animal adoption in the United States has improved ZTS stock sales of parasiticide solutions for companion animals. In reality, pet ownership in the United States increased to 70% of households in 2020 (up from 67 percent in 2019), a new high. [1] Will ZTS stock continue to increase after a 10% gain in twenty-one trading days, or is a drop on the horizon? According to past performance, the stock of ZTS is more likely to climb in the coming month. In the last ten years, 111 of the 176 times ZTS stock has seen a twenty-one day spike of 10% or more have resulted in ZTS stock rising over the following one month period (twenty-one trading days). This historical pattern indicates that ZTS stock will gain 111 times out of 176 times in the next month, or around 63% of the time. For more information, see our Zoetis Stock Chances of a Rise study.
Using data from the previous 10 years, the ‘Event Probability’ and ‘Chance of Rise’ were calculated.
The stock rose in the next five days on 55 percent of the occasions after moving 3.4 percent or more over a five-day period, and on 60 percent of the occasions after moving 3.6 percent or more over a ten-day period.
On 63 percent of the times when the stock moved 10.0 percent or more in a twenty-one-day period, the stock rose in the following twenty-one days.

Predict the average return on Zoetis stock: Artificial Intelligence Predicts ZTS Average and Excess Return After a Fall or Rise
Comparing Zoetis Stock Returns to Peers and the S&P500
IDXX has the best five-day return at 3.7 percent, while ELAN has the lowest at -1.1 percent.
IDXX has the highest ten-day return at 8.1 percent, while ELAN has the lowest at 0.1 percent.
IDXX has the highest return of 17%, while SPY has the lowest return of 2%.

ADDITIONAL INFORMATION FOR YOU
While the price of ZTS stock may rise, the year 2020 has created numerous pricing discontinuities that could provide lucrative trading opportunities. For example, the stock valuation for Heico vs AbbVie is quite counter-intuitive.
Here you may find all of Trefis’ Featured Analyses and Trefis Data./nRead More

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