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%	2.34%	2.35%	2.44%	112.40	117.81	109.78	120.61
Weekly	3.45%	3.02%	3.31%	5.47%	5.18%	5.38%	109.26	121.18	103.75	127.62
Monthly	6.35%	6.16%	6.25%	11.84%	10.78%	11.20%	103.31	128.16	92.76	142.75
Quarterly	10.01%	9.31%	9.84%	20.03%	18.67%	19.40%	95.47	138.69	79.22	167.15
Annual	—	—	—	—	37.34%	38.79%	79.22	167.15	54.53	242.80
Option Time Horizon	—	—	—	—	14.09%	14.64%	99.94	132.48	86.81	152.53

Calculation Notes: Computed at 2026-03-23T16:33 UTC | Reference Contract: Call option expiring 2026-05-15 (52 days) | Spot Price (S): $115.07 | Strike (K): $120.00 (first OTM call ≥ spot) | Observed Mid-Price: $4.6000 (Bid $4.4000 / Ask $4.8000) | Risk-Free Rate (r): 3.73% (1-Month CMT, US Treasury) | Dividend Yield (q): 1.73% | Binomial IV (Annual): 37.34% (CRR binomial tree, American, n=20 steps) | BS IV: 37.70% (European Black-Scholes) | Yahoo IV (Annual): 38.79% → 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 9.25 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.80%	18	0.54%	0.54%
-4.80% to -3.59%	33	1.00%	1.54%
-3.59% to -2.37%	121	3.66%	5.21%
-2.37% to -1.16%	387	11.72%	16.92%
-1.16% to 0.06%	1077	32.61%	49.53%
0.06% to 1.27%	1103	33.39%	82.92%
1.27% to 2.49%	411	12.44%	95.37%
2.49% to 3.70%	98	2.97%	98.33%
3.70% to 4.92%	33	1.00%	99.33%
Greater than 4.92%	22	0.67%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.56%	1.68%	78.11%	68.27%
±2σ	-3.18%	3.30%	95.22%	95.45%
±3σ	-4.80%	4.92%	98.79%	99.73%

Descriptive Statistics

Mean	0.056%
Standard Error	0.028%
Median	0.065%
Mode	0.000%
Standard Deviation	1.620%
Sample Variance	2.624%
Kurtosis	9.25
Skewness	-0.26
Range	26.675%
Minimum	-14.696%
Maximum	11.979%
Count	3303

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.139%	1714	51.89%	0.591%
Negative	-1.128%	1566	47.41%	-0.535%
Zero	0.000%	23	0.70%	0.000%

Average True Range Percentage (ATRP)

Trading Days	Horizon	Average Daily True Range %
5	1 Week	2.81%
20	1 Month	2.84%
60	1 Quarter	2.68%
250	1 Year	2.53%
750	3 Years	2.34%
1,250	5 Years	2.34%
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 3.73. Further, an Excess Kurtosis of 27.54 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -1.62%	0	0.00%	0.00%
-1.62% to -0.69%	0	0.00%	0.00%
-0.69% to 0.23%	0	0.00%	0.00%
0.23% to 1.16%	505	15.28%	15.28%
1.16% to 2.09%	1554	47.03%	62.32%
2.09% to 3.02%	762	23.06%	85.38%
3.02% to 3.94%	282	8.54%	93.92%
3.94% to 4.87%	117	3.54%	97.46%
4.87% to 5.80%	43	1.30%	98.76%
Greater than 5.80%	41	1.24%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	0.85%	3.33%	86.23%	68.27%
±2σ	-0.39%	4.56%	96.52%	95.45%
±3σ	-1.62%	5.80%	98.76%	99.73%

Descriptive Statistics

Mean	2.088%
Standard Error	0.022%
Median	1.792%
Mode	1.269%
Standard Deviation	1.237%
Sample Variance	1.530%
Kurtosis	27.54
Skewness	3.73
Range	18.773%
Minimum	0.416%
Maximum	19.189%
Count	3304

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.088%	3304	100.00%	2.088%
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 0.15. Further, an Excess Kurtosis of 5.13 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.14%	18	0.54%	0.54%
-4.14% to -3.10%	26	0.79%	1.33%
-3.10% to -2.07%	113	3.42%	4.75%
-2.07% to -1.03%	448	13.56%	18.31%
-1.03% to 0.01%	1074	32.51%	50.82%
0.01% to 1.04%	1037	31.39%	82.20%
1.04% to 2.08%	401	12.14%	94.34%
2.08% to 3.11%	121	3.66%	98.00%
3.11% to 4.15%	48	1.45%	99.46%
Greater than 4.15%	18	0.54%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-1.38%	1.39%	76.33%	68.27%
±2σ	-2.76%	2.77%	95.01%	95.45%
±3σ	-4.14%	4.15%	98.91%	99.73%

Descriptive Statistics

Mean	0.006%
Standard Error	0.024%
Median	-0.014%
Mode	0.000%
Standard Deviation	1.381%
Sample Variance	1.908%
Kurtosis	5.13
Skewness	0.15
Range	20.925%
Minimum	-10.004%
Maximum	10.921%
Count	3304

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	1.021%	1626	49.21%	0.502%
Negative	-0.989%	1658	50.18%	-0.496%
Zero	0.000%	20	0.60%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of 0.08. Further, an Excess Kurtosis of 6.69 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -10.09%	5	0.73%	0.73%
-10.09% to -7.50%	8	1.17%	1.90%
-7.50% to -4.91%	30	4.38%	6.28%
-4.91% to -2.32%	73	10.66%	16.93%
-2.32% to 0.27%	213	31.09%	48.03%
0.27% to 2.86%	237	34.60%	82.63%
2.86% to 5.45%	91	13.28%	95.91%
5.45% to 8.04%	15	2.19%	98.10%
8.04% to 10.63%	12	1.75%	99.85%
Greater than 10.63%	1	0.15%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.19%	3.72%	75.77%	68.27%
±2σ	-6.64%	7.17%	95.04%	95.45%
±3σ	-10.09%	10.63%	99.12%	99.73%

Descriptive Statistics

Mean	0.267%
Standard Error	0.132%
Median	0.367%
Mode	-3.920%
Standard Deviation	3.453%
Sample Variance	11.920%
Kurtosis	6.69
Skewness	0.08
Range	43.407%
Minimum	-17.484%
Maximum	25.923%
Count	685

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.402%	387	56.50%	1.357%
Negative	-2.506%	298	43.50%	-1.090%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Weeks	Horizon	Average Weekly True Range %
4	1 Month	7.00%
12	1 Quarter	5.94%
52	1 Year	5.70%
156	3 Years	5.45%
260	5 Years	5.47%
520	10 Years	5.05%
1,040	20 Years	5.00%
2,600	50 Years	5.00%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 3.43. Further, an Excess Kurtosis of 20.45 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -4.00%	0	0.00%	0.00%
-4.00% to -1.73%	0	0.00%	0.00%
-1.73% to 0.53%	0	0.00%	0.00%
0.53% to 2.80%	104	15.16%	15.16%
2.80% to 5.07%	319	46.50%	61.66%
5.07% to 7.34%	173	25.22%	86.88%
7.34% to 9.61%	52	7.58%	94.46%
9.61% to 11.87%	18	2.62%	97.08%
11.87% to 14.14%	12	1.75%	98.83%
Greater than 14.14%	8	1.17%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	2.05%	8.09%	85.28%	68.27%
±2σ	-0.98%	11.12%	96.21%	95.45%
±3σ	-4.00%	14.14%	98.83%	99.73%

Descriptive Statistics

Mean	5.070%
Standard Error	0.115%
Median	4.409%
Mode	4.090%
Standard Deviation	3.024%
Sample Variance	9.144%
Kurtosis	20.45
Skewness	3.43
Range	29.839%
Minimum	1.157%
Maximum	30.996%
Count	686

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.070%	686	100.00%	5.070%
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 1.03. Further, an Excess Kurtosis of 6.86 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -10.00%	1	0.15%	0.15%
-10.00% to -7.51%	11	1.60%	1.75%
-7.51% to -5.03%	12	1.75%	3.50%
-5.03% to -2.54%	101	14.72%	18.22%
-2.54% to -0.06%	248	36.15%	54.37%
-0.06% to 2.42%	197	28.72%	83.09%
2.42% to 4.91%	74	10.79%	93.88%
4.91% to 7.39%	24	3.50%	97.38%
7.39% to 9.88%	10	1.46%	98.83%
Greater than 9.88%	8	1.17%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-3.37%	3.25%	76.53%	68.27%
±2σ	-6.69%	6.57%	94.75%	95.45%
±3σ	-10.00%	9.88%	98.69%	99.73%

Descriptive Statistics

Mean	-0.060%
Standard Error	0.127%
Median	-0.297%
Mode	0.467%
Standard Deviation	3.313%
Sample Variance	10.978%
Kurtosis	6.86
Skewness	1.03
Range	40.233%
Minimum	-15.401%
Maximum	24.832%
Count	686

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	2.545%	308	44.90%	1.143%
Negative	-2.189%	377	54.96%	-1.203%
Zero	0.000%	1	0.15%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.13. Further, an Excess Kurtosis of 0.31 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -18.00%	0	0.00%	0.00%
-18.00% to -13.24%	3	1.91%	1.91%
-13.24% to -8.47%	7	4.46%	6.37%
-8.47% to -3.71%	24	15.29%	21.66%
-3.71% to 1.06%	42	26.75%	48.41%
1.06% to 5.83%	46	29.30%	77.71%
5.83% to 10.59%	25	15.92%	93.63%
10.59% to 15.36%	9	5.73%	99.36%
15.36% to 20.12%	0	0.00%	99.36%
Greater than 20.12%	1	0.64%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-5.29%	7.41%	68.79%	68.27%
±2σ	-11.65%	13.77%	96.18%	95.45%
±3σ	-18.00%	20.12%	99.36%	99.73%

Descriptive Statistics

Mean	1.060%
Standard Error	0.507%
Median	1.248%
Mode	-17.997%
Standard Deviation	6.354%
Sample Variance	40.372%
Kurtosis	0.31
Skewness	-0.13
Range	39.141%
Minimum	-17.997%
Maximum	21.144%
Count	157

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	4.925%	97	61.78%	3.043%
Negative	-5.188%	60	38.22%	-1.983%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Months	Horizon	Average Monthly True Range %
3	1 Quarter	10.85%
12	1 Year	11.89%
36	3 Years	11.67%
60	5 Years	11.84%
120	10 Years	10.74%
240	20 Years	10.65%
600	50 Years	10.65%

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 23.82 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -7.03%	0	0.00%	0.00%
-7.03% to -2.42%	0	0.00%	0.00%
-2.42% to 2.20%	0	0.00%	0.00%
2.20% to 6.82%	26	16.46%	16.46%
6.82% to 11.44%	65	41.14%	57.59%
11.44% to 16.06%	48	30.38%	87.97%
16.06% to 20.68%	13	8.23%	96.20%
20.68% to 25.30%	2	1.27%	97.47%
25.30% to 29.91%	1	0.63%	98.10%
Greater than 29.91%	3	1.90%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	5.28%	17.60%	82.28%	68.27%
±2σ	-0.88%	23.76%	96.84%	95.45%
±3σ	-7.03%	29.91%	98.10%	99.73%

Descriptive Statistics

Mean	11.441%
Standard Error	0.490%
Median	10.677%
Mode	3.789%
Standard Deviation	6.158%
Sample Variance	37.924%
Kurtosis	23.82
Skewness	3.66
Range	55.630%
Minimum	3.789%
Maximum	59.419%
Count	158

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	11.441%	158	100.00%	11.441%
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 0.57 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -19.30%	0	0.00%	0.00%
-19.30% to -14.60%	1	0.63%	0.63%
-14.60% to -9.91%	8	5.06%	5.70%
-9.91% to -5.22%	29	18.35%	24.05%
-5.22% to -0.53%	43	27.22%	51.27%
-0.53% to 4.16%	43	27.22%	78.48%
4.16% to 8.85%	22	13.92%	92.41%
8.85% to 13.54%	8	5.06%	97.47%
13.54% to 18.23%	3	1.90%	99.37%
Greater than 18.23%	1	0.63%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-6.79%	5.72%	70.25%	68.27%
±2σ	-13.04%	11.98%	96.20%	95.45%
±3σ	-19.30%	18.23%	99.37%	99.73%

Descriptive Statistics

Mean	-0.530%
Standard Error	0.498%
Median	-0.799%
Mode	-1.915%
Standard Deviation	6.255%
Sample Variance	39.127%
Kurtosis	0.57
Skewness	0.45
Range	38.744%
Minimum	-17.472%
Maximum	21.272%
Count	158

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	5.243%	65	41.14%	2.157%
Negative	-4.565%	93	58.86%	-2.687%
Zero	0.000%	0	0.00%	0.000%

Close-to-Close Returns

Gram-Charlier Analysis: Data reveals Fairly Symmetrical with a Skewness factor of -0.24. Further, an Excess Kurtosis of -0.79 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -26.90%	0	0.00%	0.00%
-26.90% to -19.39%	0	0.00%	0.00%
-19.39% to -11.88%	5	9.62%	9.62%
-11.88% to -4.38%	7	13.46%	23.08%
-4.38% to 3.13%	11	21.15%	44.23%
3.13% to 10.63%	16	30.77%	75.00%
10.63% to 18.14%	10	19.23%	94.23%
18.14% to 25.64%	3	5.77%	100.00%
25.64% to 33.15%	0	0.00%	100.00%
Greater than 33.15%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-6.88%	13.13%	63.46%	68.27%
±2σ	-16.89%	23.14%	98.08%	95.45%
±3σ	-26.90%	33.15%	100.00%	99.73%

Descriptive Statistics

Mean	3.127%
Standard Error	1.388%
Median	4.193%
Mode	-17.228%
Standard Deviation	10.008%
Sample Variance	100.159%
Kurtosis	-0.79
Skewness	-0.24
Range	37.839%
Minimum	-17.228%
Maximum	20.611%
Count	52

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	9.726%	32	61.54%	5.985%
Negative	-7.432%	20	38.46%	-2.858%
Zero	0.000%	0	0.00%	0.000%

Average True Range Percentage (ATRP)

Quarters	Horizon	Average Quarterly True Range %
4	1 Year	16.73%
12	3 Years	19.98%
20	5 Years	20.03%
40	10 Years	18.83%
80	20 Years	18.47%
200	50 Years	18.47%

High-to-Low Returns

Gram-Charlier Analysis: Data reveals Highly Right Skewed (Extreme Positive Tail Risk) with a Skewness factor of 1.99. Further, an Excess Kurtosis of 6.58 proves the distribution possesses Extreme Fat Tails (Frequent Outliers, Leptokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -7.41%	0	0.00%	0.00%
-7.41% to -0.42%	0	0.00%	0.00%
-0.42% to 6.57%	0	0.00%	0.00%
6.57% to 13.55%	11	20.75%	20.75%
13.55% to 20.54%	20	37.74%	58.49%
20.54% to 27.52%	14	26.42%	84.91%
27.52% to 34.51%	5	9.43%	94.34%
34.51% to 41.49%	2	3.77%	98.11%
41.49% to 48.48%	0	0.00%	98.11%
Greater than 48.48%	1	1.89%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	11.22%	29.85%	83.02%	68.27%
±2σ	1.91%	39.16%	98.11%	95.45%
±3σ	-7.41%	48.48%	98.11%	99.73%

Descriptive Statistics

Mean	20.536%
Standard Error	1.279%
Median	17.976%
Mode	8.942%
Standard Deviation	9.314%
Sample Variance	86.748%
Kurtosis	6.58
Skewness	1.99
Range	53.317%
Minimum	8.942%
Maximum	62.259%
Count	53

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	20.536%	53	100.00%	20.536%
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 0.53. Further, an Excess Kurtosis of -0.56 proves the distribution possesses Normal Tails (Mesokurtic).

Bin Distribution Over Raw Range

Bin / Range	Frequency	Prob	Cum. Prob
Less than -31.28%	0	0.00%	0.00%
-31.28% to -23.90%	0	0.00%	0.00%
-23.90% to -16.52%	1	1.89%	1.89%
-16.52% to -9.14%	12	22.64%	24.53%
-9.14% to -1.76%	19	35.85%	60.38%
-1.76% to 5.62%	9	16.98%	77.36%
5.62% to 13.00%	6	11.32%	88.68%
13.00% to 20.38%	6	11.32%	100.00%
20.38% to 27.76%	0	0.00%	100.00%
Greater than 27.76%	0	0.00%	100.00%

Standard Deviation Interval Analysis

SD	Lower Bnd	Upper Bnd	Actual %	Normal %
±1σ	-11.60%	8.08%	66.04%	68.27%
±2σ	-21.44%	17.92%	94.34%	95.45%
±3σ	-31.28%	27.76%	100.00%	99.73%

Descriptive Statistics

Mean	-1.762%
Standard Error	1.352%
Median	-4.011%
Mode	-16.714%
Standard Deviation	9.840%
Sample Variance	96.822%
Kurtosis	-0.56
Skewness	0.53
Range	36.756%
Minimum	-16.714%
Maximum	20.042%
Count	53

Frequency Breakdown

Category	Avg Return	Count	Probability	Freq Adj Return
Positive	8.534%	21	39.62%	3.381%
Negative	-8.518%	32	60.38%	-5.143%
Zero	0.000%	0	0.00%	0.000%

ZTS Deep Analytical Report