Conmed Stock Alpha and Beta Analysis
| CNMD Stock | USD 73.16 0.73 0.99% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as CONMED. It also helps investors analyze the systematic and unsystematic risks associated with investing in CONMED over a specified time horizon. Remember, high CONMED's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to CONMED's market risk premium analysis include:
Beta 1.04 | Alpha (0.07) | Risk 2.47 | Sharpe Ratio 0.0133 | Expected Return 0.0328 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
CONMED |
CONMED Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. CONMED market risk premium is the additional return an investor will receive from holding CONMED long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in CONMED. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate CONMED's performance over market.| α | -0.07 | β | 1.04 |
CONMED expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of CONMED's Buy-and-hold return. Our buy-and-hold chart shows how CONMED performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.CONMED Market Price Analysis
Market price analysis indicators help investors to evaluate how CONMED stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CONMED shares will generate the highest return on investment. By understating and applying CONMED stock market price indicators, traders can identify CONMED position entry and exit signals to maximize returns.
CONMED Return and Market Media
The median price of CONMED for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 71.75 with a coefficient of variation of 6.61. The daily time series for the period is distributed with a sample standard deviation of 4.66, arithmetic mean of 70.43, and mean deviation of 4.02. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Investors in CONMED have unfortunately lost 43 percent over the last three years | 09/04/2024 |
2 | Disposition of 1000 shares by Charles Farkas of CONMED at .64 subject to Rule 16b-3 | 09/05/2024 |
| CONMED dividend paid on 4th of October 2024 | 10/04/2024 |
3 | Heres Why You Should Retain CONMED Stock in Your Portfolio | 10/07/2024 |
4 | Is CONMED Corporation the Most Profitable Small-Cap Stock to Invest In | 10/29/2024 |
5 | Acquisition by Todd Garner of 22727 shares of CONMED subject to Rule 16b-3 | 11/01/2024 |
6 | Insider Trading | 11/04/2024 |
7 | Disposition of 24303 shares by Curt Hartman of CONMED at 74.76 subject to Rule 16b-3 | 11/07/2024 |
8 | Heres Why Conmed is a Strong Growth Stock | 11/08/2024 |
9 | Capital Research Global Investors Adjusts Stake in Conmed Corp | 11/13/2024 |
10 | Conmed is a Top-Ranked Momentum Stock Should You Buy | 11/15/2024 |
11 | Disposition of 118 shares by Richard Glaze of CONMED at 70.69 subject to Rule 16b-3 | 11/20/2024 |
12 | Conmed Corp Trading Down 3.4 percent on Nov 26 | 11/26/2024 |
About CONMED Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including CONMED or other stocks. Alpha measures the amount that position in CONMED has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005626 | 0.008998 | 0.007296 | 0.0136 | Price To Sales Ratio | 4.09 | 2.55 | 2.7 | 2.83 |
CONMED Upcoming Company Events
As portrayed in its financial statements, the presentation of CONMED's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CONMED's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of CONMED's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of CONMED. Please utilize our Beneish M Score to check the likelihood of CONMED's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with CONMED
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out CONMED Backtesting, CONMED Valuation, CONMED Correlation, CONMED Hype Analysis, CONMED Volatility, CONMED History and analyze CONMED Performance. For information on how to trade CONMED Stock refer to our How to Trade CONMED Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
CONMED technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.