Conmed Stock Price on May 6, 2024
| CNMD Stock | USD 68.54 0.04 0.06% |
Below is the normalized historical share price chart for CONMED extending back to July 28, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CONMED stands at 68.54, as last reported on the 8th of January, with the highest price reaching 70.99 and the lowest price hitting 67.96 during the day.
If you're considering investing in CONMED Stock, it is important to understand the factors that can impact its price. CONMED appears to be very steady, given 3 months investment horizon. CONMED secures Sharpe Ratio (or Efficiency) of 0.0912, which signifies that the company had a 0.0912% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CONMED, which you can use to evaluate the volatility of the firm. Please makes use of CONMED's mean deviation of 1.68, and Risk Adjusted Performance of 0.033 to double-check if our risk estimates are consistent with your expectations.
At present, CONMED's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 521.1 M, whereas Common Stock Total Equity is forecasted to decline to about 317.6 K. . At present, CONMED's Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 29.85, whereas Price Earnings To Growth Ratio is forecasted to decline to (0.35). CONMED Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of July 1987 | 200 Day MA 71.2021 | 50 Day MA 71.2622 | Beta 1.461 |
CONMED |
Sharpe Ratio = 0.0912
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | CNMD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average CONMED is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CONMED by adding it to a well-diversified portfolio.
Price Book 2.2709 | Enterprise Value Ebitda 11.1938 | Price Sales 1.6437 | Shares Float 30.6 M | Dividend Share 0.8 |
CONMED Main Headline on 6th of May 2024
Acquisition by Martha Aronson of 2000 shares of CONMED at 70... by Martha Aronson
Filed transaction by CONMED Director. Grant, award or other acquisition pursuant to Rule 16b-3(d)
CONMED Valuation on May 6, 2024
It is possible to determine the worth of CONMED on a given historical date. On May 6, 2024 CONMED was worth 71.49 at the beginning of the trading date compared to the closed value of 70.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CONMED stock. Still, in general, we apply an absolute valuation method to find CONMED's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CONMED where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CONMED's related companies.
| Open | High | Low | Close | Volume | |
| 70.07 | 71.26 | 69.43 | 71.17 | 514,886 | |
05/06/2024 | 71.49 | 71.58 | 70.13 | 70.17 | 381,936 |
| 70.46 | 71.62 | 70.28 | 71.06 | 231,269 |
| Backtest CONMED | | | CONMED History | | | CONMED Valuation | Previous | Next |
CONMED Trading Date Momentum on May 6, 2024
| On May 07 2024 CONMED was traded for 71.06 at the closing time. The top price for the day was 71.62 and the lowest listed price was 70.28 . The trading volume for the day was 231.3 K. The trading history from May 7, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 1.27% . The overall trading delta against the current closing price is 5.30% . |
CONMED Fundamentals Correlations and Trends
By evaluating CONMED's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CONMED's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CONMED financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CONMED Stock history
CONMED investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CONMED is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CONMED will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CONMED stock prices may prove useful in developing a viable investing in CONMED
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 36.3 M | 25.9 M | |
| Net Loss | -72.5 M | -68.9 M |
CONMED Quarterly Net Working Capital |
|
CONMED Stock Technical Analysis
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.
Price Boundaries
CONMED Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
CONMED cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CONMED January 8, 2025 Market Strength
Market strength 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 undertsting and applying CONMED stock market strength indicators, traders can identify CONMED entry and exit signals to maximize returns
CONMED Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CONMED's price direction in advance. Along with the technical and fundamental analysis of CONMED Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CONMED to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.033 | |||
| Jensen Alpha | 0.0622 | |||
| Total Risk Alpha | 0.0633 | |||
| Sortino Ratio | 0.0297 | |||
| Treynor Ratio | 0.0892 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for CONMED Stock analysis
When running CONMED's price analysis, check to measure CONMED's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CONMED is operating at the current time. Most of CONMED's value examination focuses on studying past and present price action to predict the probability of CONMED's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CONMED's price. Additionally, you may evaluate how the addition of CONMED to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |