Context: Timing of pulsar PSR J0337+1715 provides a unique opportunity to test the strong equivalence principle (SEP) with a strongly self-gravitating object. This is due to its unique situation in a triple stellar system with two white dwarfs. Aims: Our previous study suggested the presence of a strong low-frequency signal in the timing residuals. We set out to model it on a longer dataset in order to determine its nature and improve accuracy. Methods: Three models are considered: chromatic or achromatic red-noise, and a small planet in a hierarchical orbit with the triple stellar system. These models are implemented in our numerical timing model. We perform Bayesian inference of posterior distributions. Best fits are compared using information-theoretic criteria. Results: Chromatic red noise from dispersion-measure variations is ruled out. Achromatic red noise or a planet in keplerian orbit provide the best fits. If it is red noise then it appears exceptionally strong. Assuming the presence of a planet, we obtain a marginal detection of mutual interactions which allows us to constrain its mass to $\sim 0.5 M_{\rm Moon}$ as well as its inclination. The latter is intriguingly coincident with a Kozai resonance. We show that a longer observation span will ultimately lead to a clear signature of the planet model due to its mutual interactions with the triple system. We produce new limits on SEP violation: $|\Delta| < 1.5\cdot 10^{-6}$ or $|\Delta| < 2.3\cdot 10^{-6}$ at 95\% confidence level under the planet or red-noise hypothesis, respectively. This model dependence emphasises the need for additional data and model selection. As a by-product, we estimate a rather low supernova kick velocity of $\sim 110-125 \rm km/s$, strengthening the idea that it is a necessary condition for the formation of pulsar triple systems.