CONMED Co. Shares Bought by Public Employees Retirement System of Ohio
CNMD Stock | USD 71.44 0.12 0.17% |
About 60% of all CONMED's shareholders are looking to take a long position. The analysis of overall sentiment of trading CONMED stock suggests that some investors are interested at this time. The current market sentiment, together with CONMED's historical and current headlines, can help investors time the market. In addition, many technical investors use CONMED stock news signals to limit their universe of possible portfolio assets.
CONMED |
Public Employees Retirement System of Ohio grew its position in CONMED Co. by 6.6 percent in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,760 shares of the companys stock after acquiring an additional 3,155 shares during the quarter. Public Employees
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CONMED Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards CONMED can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
CONMED Fundamental Analysis
We analyze CONMED's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CONMED using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CONMED based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Market Capitalization
Market Capitalization Comparative Analysis
CONMED is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
CONMED Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CONMED stock to make a market-neutral strategy. Peer analysis of CONMED could also be used in its relative valuation, which is a method of valuing CONMED by comparing valuation metrics with similar companies.
Peers
CONMED Related Equities
GKOS | Glaukos Corp | 3.74 | ||||
KIDS | Orthopediatrics Corp | 2.98 | ||||
SGHT | Sight Sciences | 2.51 | ||||
SIBN | Si Bone | 1.53 | ||||
LUNG | Pulmonx Corp | 0.32 | ||||
ATEC | Alphatec Holdings | 0.00 | ||||
SRDX | SurModics | 0.12 | ||||
OFIX | Orthofix Medical | 0.28 | ||||
GMED | Globus Medical | 0.35 | ||||
LIVN | LivaNova PLC | 0.50 | ||||
ITGR | Integer Holdings | 0.76 | ||||
STE | STERIS Plc | 1.01 | ||||
ANIK | Anika Therapeutics | 1.63 | ||||
IRTC | IRhythm Technologies | 1.93 |
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.
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