ResMed (Germany) Price on August 14, 2023
| RME Stock | EUR 226.10 3.90 1.76% |
If you're considering investing in ResMed Stock, it is important to understand the factors that can impact its price. As of today, the current price of ResMed stands at 226.10, as last reported on the 25th of December, with the highest price reaching 226.10 and the lowest price hitting 225.90 during the day. At this point, ResMed is very steady. ResMed Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0441, which implies the firm had a 0.0441% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ResMed Inc, which you can use to evaluate the volatility of the company. Please check ResMed's Coefficient Of Variation of 2674.03, semi deviation of 1.76, and Risk Adjusted Performance of 0.0351 to confirm if the risk estimate we provide is consistent with the expected return of 0.0737%.
ResMed Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ResMed |
Sharpe Ratio = 0.0441
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Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average ResMed is performing at about 3% 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 ResMed by adding it to a well-diversified portfolio.
ResMed Valuation on August 14, 2023
It is possible to determine the worth of ResMed on a given historical date. On August 14, 2023 ResMed was worth 161.62 at the beginning of the trading date compared to the closed value of 161.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ResMed stock. Still, in general, we apply an absolute valuation method to find ResMed'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 ResMed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ResMed's related companies.
| Open | High | Low | Close | Volume | |
| 157.00 | 159.90 | 157.00 | 159.90 | 1.00 | |
08/14/2023 | 161.62 | 166.15 | 161.03 | 161.03 | 233.00 |
| 162.61 | 164.52 | 162.61 | 163.44 | 15.00 |
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ResMed Trading Date Momentum on August 14, 2023
| On August 15 2023 ResMed Inc was traded for 163.44 at the closing time. The highest daily price throughout the period was 164.52 and the lowest price was 162.61 . The daily volume was 15.0. The net trading volume on 08/15/2023 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 1.50% . The trading delta at closing time to current closing price is 9.14% . |
ResMed Inc Fundamentals Correlations and Trends
By evaluating ResMed'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 ResMed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ResMed financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ResMed Stock history
ResMed 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 ResMed is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ResMed Inc 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 ResMed stock prices may prove useful in developing a viable investing in ResMed
ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders comprising sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease, and other chronic diseases. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California. RESMED INC is traded on Frankfurt Stock Exchange in Germany.
ResMed Stock Technical Analysis
ResMed 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
ResMed Period Price Range
Low | December 25, 2024
| High |
0.00 | 0.00 |
ResMed Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
ResMed December 25, 2024 Market Strength
Market strength indicators help investors to evaluate how ResMed stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ResMed shares will generate the highest return on investment. By undertsting and applying ResMed stock market strength indicators, traders can identify ResMed Inc entry and exit signals to maximize returns
ResMed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ResMed's price direction in advance. Along with the technical and fundamental analysis of ResMed Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ResMed 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 | 0.0351 | |||
| Jensen Alpha | 0.0441 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0095 | |||
| Treynor Ratio | 0.2309 |
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Complementary Tools for ResMed Stock analysis
When running ResMed's price analysis, check to measure ResMed'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 ResMed is operating at the current time. Most of ResMed's value examination focuses on studying past and present price action to predict the probability of ResMed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ResMed's price. Additionally, you may evaluate how the addition of ResMed to your portfolios can decrease your overall portfolio volatility.
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