ZTS - Detail Report

Quick Overview

Timeframe	C-C DoR σ (Historical)	H-L DoR σ (Historical)	O-C DoR σ (Historical)	5Y ATRP (Avg)	Binomial IV (Period)	Yahoo IV (Period)	1σ Lower (68.27%)	1σ Upper	2σ Lower (95.45%)	2σ Upper
Daily	1.62%	1.24%	1.38%	2.33%	1.81%	1.92%	126.47	131.13	124.20	133.53
Weekly	3.45%	3.03%	3.31%	5.47%	3.98%	4.22%	123.75	134.01	118.92	139.46
Monthly	6.28%	6.17%	6.18%	11.83%	8.29%	8.78%	118.53	139.91	109.10	152.01
Quarterly	9.89%	9.38%	9.76%	19.85%	14.36%	15.20%	111.55	148.67	96.63	171.63
Annual	—	—	—	—	28.72%	30.41%	96.63	171.63	72.50	228.74
Option Time Horizon	—	—	—	—	11.05%	11.70%	115.31	143.82	103.25	160.62

Calculation Notes: Computed at 2026-02-22T14:18 UTC | Reference Contract: Call option expiring 2026-04-17 (54 days) | Spot Price (S): $128.78 | Strike (K): $130.00 (first OTM call ≥ spot) | Observed Mid-Price: $5.3000 (Bid $5.1000 / Ask $5.5000) | Risk-Free Rate (r): 3.72% (1-Month CMT, US Treasury) | Dividend Yield (q): 1.57% | Binomial IV (Annual): 28.72% (CRR binomial tree, American, n=20 steps) | BS IV: 28.80% (European Black-Scholes) | Yahoo IV (Annual): 30.41% → period-scaled as σ_period = σ_annual·√h | Price bands: Upper = S·e^+σ√h, Lower = S·e^−σ√h

Historical Dividend Payouts

Ex-Dividend Date	Amount
2026-01-20	$0.5300
2025-10-31	$0.5000
2025-07-18	$0.5000
2025-04-21	$0.5000
2025-01-21	$0.5000
2024-10-31	$0.4320
2024-07-18	$0.4320
2024-04-18	$0.4320
2024-01-18	$0.4320
2023-10-31	$0.3750
2023-07-20	$0.3750
2023-04-20	$0.3750
2023-01-19	$0.3750
2022-10-31	$0.3250
2022-07-20	$0.3250
2022-04-20	$0.3250
2022-01-19	$0.3250
2021-10-28	$0.2500
2021-07-20	$0.2500
2021-04-20	$0.2500
2021-01-19	$0.2500
2020-10-20	$0.2000
2020-07-16	$0.2000
2020-04-16	$0.2000
2020-01-16	$0.2000
2019-10-21	$0.1640
2019-07-18	$0.1640
2019-04-17	$0.1640
2019-01-17	$0.1640
2018-11-19	$0.1260
2018-07-19	$0.1260
2018-04-19	$0.1260
2018-01-18	$0.1260
2017-11-08	$0.1050
2017-06-13	$0.1050
2017-04-04	$0.1050
2017-01-18	$0.1050
2016-11-01	$0.0950
2016-06-28	$0.0950
2016-04-05	$0.0950
2016-01-19	$0.0950
2015-11-03	$0.0830
2015-08-11	$0.0830
2015-04-07	$0.0830
2015-01-20	$0.0830
2014-11-03	$0.0720
2014-08-18	$0.0720
2014-04-24	$0.0720
2014-01-28	$0.0720
2013-10-30	$0.0650
2013-07-30	$0.0650
2013-04-29	$0.0650

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.26. Further, an Excess Kurtosis of 9.36 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.79%	18	0.55%	0.55%
-4.79% to -3.58%	32	0.98%	1.52%
-3.58% to -2.37%	120	3.66%	5.18%
-2.37% to -1.15%	383	11.67%	16.85%
-1.15% to 0.06%	1074	32.72%	49.57%
0.06% to 1.27%	1096	33.39%	82.97%
1.27% to 2.49%	408	12.43%	95.40%
2.49% to 3.70%	96	2.93%	98.32%
3.70% to 4.91%	33	1.01%	99.33%
Greater than 4.91%	22	0.67%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.56%	1.68%	78.15%	68.27%
±2σ	-3.18%	3.30%	95.22%	95.45%
±3σ	-4.79%	4.91%	98.78%	99.73%

Descriptive Statistics

Mean	0.060%
Standard Error	0.028%
Median	0.066%
Mode	0.000%
Standard Deviation	1.618%
Sample Variance	2.618%
Kurtosis	9.36
Skewness	-0.26
Range	26.675%
Minimum	-14.696%
Maximum	11.979%
Count	3282

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.139%	1705	51.95%	0.592%
Negative	-1.123%	1554	47.35%	-0.532%
Zero	0.000%	23	0.70%	0.000%

Average True Range Percentage (ATRP)

Trading Days	Horizon	Average Daily True Range %
5	1 Week	3.14%
20	1 Month	2.93%
60	1 Quarter	2.56%
250	1 Year	2.50%
750	3 Years	2.32%
1,250	5 Years	2.33%
2,500	10 Years	2.17%
5,000	20 Years	2.18%
12,500	50 Years	2.18%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.75. Further, an Excess Kurtosis of 27.61 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -1.63%	0	0.00%	0.00%
-1.63% to -0.70%	0	0.00%	0.00%
-0.70% to 0.23%	0	0.00%	0.00%
0.23% to 1.16%	495	15.08%	15.08%
1.16% to 2.08%	1560	47.52%	62.60%
2.08% to 3.01%	752	22.91%	85.50%
3.01% to 3.94%	276	8.41%	93.91%
3.94% to 4.87%	116	3.53%	97.44%
4.87% to 5.80%	43	1.31%	98.75%
Greater than 5.80%	41	1.25%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.84%	3.32%	86.38%	68.27%
±2σ	-0.39%	4.56%	96.53%	95.45%
±3σ	-1.63%	5.80%	98.75%	99.73%

Descriptive Statistics

Mean	2.084%
Standard Error	0.022%
Median	1.788%
Mode	1.269%
Standard Deviation	1.239%
Sample Variance	1.534%
Kurtosis	27.61
Skewness	3.75
Range	18.773%
Minimum	0.416%
Maximum	19.189%
Count	3283

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.084%	3283	100.00%	2.084%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.16. Further, an Excess Kurtosis of 5.19 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.13%	18	0.55%	0.55%
-4.13% to -3.10%	26	0.79%	1.34%
-3.10% to -2.06%	110	3.35%	4.69%
-2.06% to -1.03%	446	13.59%	18.28%
-1.03% to 0.01%	1069	32.56%	50.84%
0.01% to 1.04%	1030	31.37%	82.21%
1.04% to 2.08%	398	12.12%	94.33%
2.08% to 3.11%	120	3.66%	97.99%
3.11% to 4.14%	48	1.46%	99.45%
Greater than 4.14%	18	0.55%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.38%	1.38%	76.45%	68.27%
±2σ	-2.75%	2.76%	95.00%	95.45%
±3σ	-4.13%	4.14%	98.90%	99.73%

Descriptive Statistics

Mean	0.005%
Standard Error	0.024%
Median	-0.016%
Mode	0.000%
Standard Deviation	1.380%
Sample Variance	1.906%
Kurtosis	5.19
Skewness	0.16
Range	20.925%
Minimum	-10.004%
Maximum	10.921%
Count	3283

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.019%	1614	49.16%	0.501%
Negative	-0.988%	1649	50.23%	-0.496%
Zero	0.000%	20	0.61%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.07. Further, an Excess Kurtosis of 6.75 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -10.07%	5	0.73%	0.73%
-10.07% to -7.48%	8	1.17%	1.91%
-7.48% to -4.89%	29	4.26%	6.17%
-4.89% to -2.30%	74	10.87%	17.03%
-2.30% to 0.28%	210	30.84%	47.87%
0.28% to 2.87%	238	34.95%	82.82%
2.87% to 5.46%	90	13.22%	96.04%
5.46% to 8.05%	14	2.06%	98.09%
8.05% to 10.64%	12	1.76%	99.85%
Greater than 10.64%	1	0.15%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.17%	3.73%	75.92%	68.27%
±2σ	-6.62%	7.19%	95.01%	95.45%
±3σ	-10.07%	10.64%	99.12%	99.73%

Descriptive Statistics

Mean	0.284%
Standard Error	0.132%
Median	0.376%
Mode	-3.920%
Standard Deviation	3.451%
Sample Variance	11.912%
Kurtosis	6.75
Skewness	0.07
Range	43.407%
Minimum	-17.484%
Maximum	25.923%
Count	681

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.400%	387	56.83%	1.364%
Negative	-2.501%	294	43.17%	-1.080%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Weeks	Horizon	Average Weekly True Range %
4	1 Month	6.56%
12	1 Quarter	5.37%
52	1 Year	5.58%
156	3 Years	5.40%
260	5 Years	5.47%
520	10 Years	5.04%
1,040	20 Years	4.99%
2,600	50 Years	4.99%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.45. Further, an Excess Kurtosis of 20.52 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.03%	0	0.00%	0.00%
-4.03% to -1.75%	0	0.00%	0.00%
-1.75% to 0.52%	0	0.00%	0.00%
0.52% to 2.79%	103	15.10%	15.10%
2.79% to 5.06%	320	46.92%	62.02%
5.06% to 7.33%	171	25.07%	87.10%
7.33% to 9.60%	50	7.33%	94.43%
9.60% to 11.87%	18	2.64%	97.07%
11.87% to 14.14%	12	1.76%	98.83%
Greater than 14.14%	8	1.17%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	2.03%	8.09%	85.48%	68.27%
±2σ	-1.00%	11.11%	96.19%	95.45%
±3σ	-4.03%	14.14%	98.83%	99.73%

Descriptive Statistics

Mean	5.058%
Standard Error	0.116%
Median	4.398%
Mode	4.090%
Standard Deviation	3.028%
Sample Variance	9.169%
Kurtosis	20.52
Skewness	3.45
Range	29.839%
Minimum	1.157%
Maximum	30.996%
Count	682

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.058%	682	100.00%	5.058%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.04. Further, an Excess Kurtosis of 6.93 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -10.02%	1	0.15%	0.15%
-10.02% to -7.53%	11	1.61%	1.76%
-7.53% to -5.05%	12	1.76%	3.52%
-5.05% to -2.56%	101	14.81%	18.33%
-2.56% to -0.08%	244	35.78%	54.11%
-0.08% to 2.41%	200	29.33%	83.43%
2.41% to 4.89%	70	10.26%	93.70%
4.89% to 7.38%	25	3.67%	97.36%
7.38% to 9.86%	10	1.47%	98.83%
Greater than 9.86%	8	1.17%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.39%	3.24%	76.83%	68.27%
±2σ	-6.70%	6.55%	94.87%	95.45%
±3σ	-10.02%	9.86%	98.68%	99.73%

Descriptive Statistics

Mean	-0.076%
Standard Error	0.127%
Median	-0.308%
Mode	0.467%
Standard Deviation	3.313%
Sample Variance	10.976%
Kurtosis	6.93
Skewness	1.04
Range	40.233%
Minimum	-15.401%
Maximum	24.832%
Count	682

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.540%	304	44.58%	1.132%
Negative	-2.185%	377	55.28%	-1.208%
Zero	0.000%	1	0.15%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.11. Further, an Excess Kurtosis of 0.37 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -17.71%	1	0.64%	0.64%
-17.71% to -13.00%	2	1.28%	1.92%
-13.00% to -8.29%	6	3.85%	5.77%
-8.29% to -3.58%	24	15.38%	21.15%
-3.58% to 1.13%	43	27.56%	48.72%
1.13% to 5.84%	46	29.49%	78.21%
5.84% to 10.55%	24	15.38%	93.59%
10.55% to 15.27%	9	5.77%	99.36%
15.27% to 19.98%	0	0.00%	99.36%
Greater than 19.98%	1	0.64%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-5.15%	7.41%	68.59%	68.27%
±2σ	-11.43%	13.70%	96.79%	95.45%
±3σ	-17.71%	19.98%	98.72%	99.73%

Descriptive Statistics

Mean	1.132%
Standard Error	0.503%
Median	1.268%
Mode	-17.997%
Standard Deviation	6.282%
Sample Variance	39.466%
Kurtosis	0.37
Skewness	-0.11
Range	39.141%
Minimum	-17.997%
Maximum	21.144%
Count	156

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	4.906%	97	62.18%	3.051%
Negative	-5.074%	59	37.82%	-1.919%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Months	Horizon	Average Monthly True Range %
3	1 Quarter	10.20%
12	1 Year	11.75%
36	3 Years	11.53%
60	5 Years	11.83%
120	10 Years	10.74%
240	20 Years	10.64%
600	50 Years	10.64%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.66. Further, an Excess Kurtosis of 23.74 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -7.10%	0	0.00%	0.00%
-7.10% to -2.47%	0	0.00%	0.00%
-2.47% to 2.16%	0	0.00%	0.00%
2.16% to 6.79%	25	15.92%	15.92%
6.79% to 11.43%	66	42.04%	57.96%
11.43% to 16.06%	47	29.94%	87.90%
16.06% to 20.69%	13	8.28%	96.18%
20.69% to 25.32%	2	1.27%	97.45%
25.32% to 29.95%	1	0.64%	98.09%
Greater than 29.95%	3	1.91%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	5.25%	17.60%	82.80%	68.27%
±2σ	-0.92%	23.78%	96.82%	95.45%
±3σ	-7.10%	29.95%	98.09%	99.73%

Descriptive Statistics

Mean	11.426%
Standard Error	0.493%
Median	10.668%
Mode	3.789%
Standard Deviation	6.175%
Sample Variance	38.134%
Kurtosis	23.74
Skewness	3.66
Range	55.630%
Minimum	3.789%
Maximum	59.419%
Count	157

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	11.426%	157	100.00%	11.426%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.45. Further, an Excess Kurtosis of 0.66 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -19.14%	0	0.00%	0.00%
-19.14% to -14.51%	1	0.64%	0.64%
-14.51% to -9.87%	8	5.10%	5.73%
-9.87% to -5.24%	28	17.83%	23.57%
-5.24% to -0.60%	43	27.39%	50.96%
-0.60% to 4.03%	43	27.39%	78.34%
4.03% to 8.67%	23	14.65%	92.99%
8.67% to 13.30%	7	4.46%	97.45%
13.30% to 17.93%	3	1.91%	99.36%
Greater than 17.93%	1	0.64%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-6.78%	5.58%	70.70%	68.27%
±2σ	-12.96%	11.76%	96.18%	95.45%
±3σ	-19.14%	17.93%	99.36%	99.73%

Descriptive Statistics

Mean	-0.603%
Standard Error	0.493%
Median	-0.819%
Mode	-1.915%
Standard Deviation	6.179%
Sample Variance	38.174%
Kurtosis	0.66
Skewness	0.45
Range	38.744%
Minimum	-17.472%
Maximum	21.272%
Count	157

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.127%	64	40.76%	2.090%
Negative	-4.546%	93	59.24%	-2.693%
Zero	0.000%	0	0.00%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.28. Further, an Excess Kurtosis of -0.69 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -26.35%	0	0.00%	0.00%
-26.35% to -18.93%	0	0.00%	0.00%
-18.93% to -11.51%	5	9.62%	9.62%
-11.51% to -4.09%	8	15.38%	25.00%
-4.09% to 3.33%	11	21.15%	46.15%
3.33% to 10.75%	15	28.85%	75.00%
10.75% to 18.17%	10	19.23%	94.23%
18.17% to 25.60%	3	5.77%	100.00%
25.60% to 33.02%	0	0.00%	100.00%
Greater than 33.02%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-6.56%	13.23%	67.31%	68.27%
±2σ	-16.46%	23.12%	98.08%	95.45%
±3σ	-26.35%	33.02%	100.00%	99.73%

Descriptive Statistics

Mean	3.332%
Standard Error	1.372%
Median	4.193%
Mode	-17.228%
Standard Deviation	9.895%
Sample Variance	97.903%
Kurtosis	-0.69
Skewness	-0.28
Range	37.839%
Minimum	-17.228%
Maximum	20.611%
Count	52

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	9.528%	33	63.46%	6.047%
Negative	-7.428%	19	36.54%	-2.714%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Quarters	Horizon	Average Quarterly True Range %
4	1 Year	15.80%
12	3 Years	19.68%
20	5 Years	19.85%
40	10 Years	18.74%
80	20 Years	18.40%
200	50 Years	18.40%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.97. Further, an Excess Kurtosis of 6.41 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -7.68%	0	0.00%	0.00%
-7.68% to -0.65%	0	0.00%	0.00%
-0.65% to 6.39%	0	0.00%	0.00%
6.39% to 13.42%	12	22.64%	22.64%
13.42% to 20.45%	19	35.85%	58.49%
20.45% to 27.48%	14	26.42%	84.91%
27.48% to 34.52%	5	9.43%	94.34%
34.52% to 41.55%	2	3.77%	98.11%
41.55% to 48.58%	0	0.00%	98.11%
Greater than 48.58%	1	1.89%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	11.07%	29.83%	83.02%	68.27%
±2σ	1.70%	39.20%	98.11%	95.45%
±3σ	-7.68%	48.58%	98.11%	99.73%

Descriptive Statistics

Mean	20.451%
Standard Error	1.288%
Median	17.976%
Mode	8.942%
Standard Deviation	9.377%
Sample Variance	87.926%
Kurtosis	6.41
Skewness	1.97
Range	53.317%
Minimum	8.942%
Maximum	62.259%
Count	53

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	20.451%	53	100.00%	20.451%
Negative	0.000%	0	0.00%	0.000%
Zero	0.000%	0	0.00%	0.000%

Open-to-Close Returns

Gram-Charlier Analysis: Data reveals Right Skewed (Positive Asymmetry) with a Skewness factor of 0.59. Further, an Excess Kurtosis of -0.43 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -31.25%	0	0.00%	0.00%
-31.25% to -23.93%	0	0.00%	0.00%
-23.93% to -16.61%	1	1.89%	1.89%
-16.61% to -9.29%	12	22.64%	24.53%
-9.29% to -1.97%	19	35.85%	60.38%
-1.97% to 5.35%	9	16.98%	77.36%
5.35% to 12.67%	6	11.32%	88.68%
12.67% to 19.99%	5	9.43%	98.11%
19.99% to 27.31%	1	1.89%	100.00%
Greater than 27.31%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-11.73%	7.79%	64.15%	68.27%
±2σ	-21.49%	17.55%	94.34%	95.45%
±3σ	-31.25%	27.31%	100.00%	99.73%

Descriptive Statistics

Mean	-1.971%
Standard Error	1.340%
Median	-4.011%
Mode	-16.714%
Standard Deviation	9.759%
Sample Variance	95.232%
Kurtosis	-0.43
Skewness	0.59
Range	36.756%
Minimum	-16.714%
Maximum	20.042%
Count	53

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	8.590%	20	37.74%	3.242%
Negative	-8.372%	33	62.26%	-5.213%
Zero	0.000%	0	0.00%	0.000%

ZTS Deep Analytical Report