Global Medical Reit Preferred Stock Price on August 9, 2024
| GMRE-PA Preferred Stock | USD 25.20 0.05 0.20% |
If you're considering investing in Global Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of Global Medical stands at 25.20, as last reported on the 3rd of December, with the highest price reaching 25.20 and the lowest price hitting 25.17 during the day. At this point, Global Medical is very steady. Global Medical REIT holds Efficiency (Sharpe) Ratio of 0.0316, which attests that the entity had a 0.0316% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Medical REIT, which you can use to evaluate the volatility of the firm. Please check out Global Medical's Downside Deviation of 0.7369, market risk adjusted performance of 0.0647, and Risk Adjusted Performance of 5.0E-4 to validate if the risk estimate we provide is consistent with the expected return of 0.0233%.
Global Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Global |
Sharpe Ratio = 0.0316
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| Negative Returns | GMRE-PA |
Estimated Market Risk
| 0.74 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Global Medical is performing at about 2% 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 Global Medical by adding it to a well-diversified portfolio.
Global Medical Valuation on August 9, 2024
It is possible to determine the worth of Global Medical on a given historical date. On August 9, 2024 Global was worth 24.84 at the beginning of the trading date compared to the closed value of 24.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global Medical preferred stock. Still, in general, we apply an absolute valuation method to find Global Medical'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 Global Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global Medical's related companies.
| Open | High | Low | Close | Volume | |
| 24.46 | 24.88 | 24.46 | 24.85 | 7,711 | |
08/09/2024 | 24.84 | 24.84 | 24.39 | 24.65 | 2,740 |
| 24.64 | 24.72 | 24.35 | 24.67 | 7,431 |
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Global Medical Trading Date Momentum on August 9, 2024
| On August 12 2024 Global Medical REIT was traded for 24.67 at the closing time. The highest price during the trading period was 24.72 and the lowest recorded bid was listed for 24.35 . The volume for the day was 7.4 K. This history from August 12, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.08% . The overall trading delta to the current price is 0.45% . |
Global Medical REIT Fundamentals Correlations and Trends
By evaluating Global Medical'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 Global Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global Medical Preferred Stock history
Global Medical 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 Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global Medical REIT 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 Global Medical stock prices may prove useful in developing a viable investing in Global Medical
Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built healthcare facilities and leases those facilities to strong healthcare systems and groups with leading market share. The Companys management team has significant healthcare, real estate and REIT experience and has long-established relationships with a wide range of healthcare providers. Global Medical operates under REIT - Healthcare Facilities classification in USA and is traded on New York Stock Exchange.
Global Medical Preferred Stock Technical Analysis
Global Medical technical preferred 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, preferred stock market cycles, or different charting patterns.
Price Boundaries
Global Medical Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Global Medical REIT 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.
Global Medical December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Global Medical preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global Medical shares will generate the highest return on investment. By undertsting and applying Global Medical preferred stock market strength indicators, traders can identify Global Medical REIT entry and exit signals to maximize returns
Global Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global Medical's price direction in advance. Along with the technical and fundamental analysis of Global Preferred Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global 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 | 5.0E-4 | |||
| Jensen Alpha | 0.01 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.0547 |
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Complementary Tools for Global Preferred Stock analysis
When running Global Medical's price analysis, check to measure Global Medical'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 Global Medical is operating at the current time. Most of Global Medical's value examination focuses on studying past and present price action to predict the probability of Global Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Medical's price. Additionally, you may evaluate how the addition of Global Medical to your portfolios can decrease your overall portfolio volatility.
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