Globus Medical Stock Market Value
| GMED Stock | USD 81.78 1.64 1.97% |
| Symbol | Globus |
Globus Medical Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globus Medical. If investors know Globus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globus Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 42.231 | Earnings Share 0.62 | Revenue Per Share 18.217 | Quarterly Revenue Growth 0.631 | Return On Assets 0.0473 |
The market value of Globus Medical is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Medical's value that differs from its market value or its book value, called intrinsic value, which is Globus Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globus Medical's market value can be influenced by many factors that don't directly affect Globus Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Globus Medical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Globus Medical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Globus Medical.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Globus Medical on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Globus Medical or generate 0.0% return on investment in Globus Medical over 30 days. Globus Medical is related to or competes with Orthofix Medical, CONMED, Alphatec Holdings, LivaNova PLC, Integer Holdings, IRhythm Technologies, and Glaukos Corp. Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with muscu... More
Globus Medical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Globus Medical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Globus Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.144 | |||
| Maximum Drawdown | 11.43 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.82 |
Globus Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globus Medical's standard deviation. In reality, there are many statistical measures that can use Globus Medical historical prices to predict the future Globus Medical's volatility.| Risk Adjusted Performance | 0.1338 | |||
| Jensen Alpha | 0.2312 | |||
| Total Risk Alpha | 0.2139 | |||
| Sortino Ratio | 0.2104 | |||
| Treynor Ratio | 0.2222 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globus Medical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Globus Medical Backtested Returns
Globus Medical appears to be very steady, given 3 months investment horizon. Globus Medical holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Globus Medical, which you can use to evaluate the volatility of the firm. Please utilize Globus Medical's Risk Adjusted Performance of 0.1338, market risk adjusted performance of 0.2322, and Downside Deviation of 1.11 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globus Medical holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.14, which attests to a somewhat significant risk relative to the market. Globus Medical returns are very sensitive to returns on the market. As the market goes up or down, Globus Medical is expected to follow. Please check Globus Medical's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Globus Medical's current trending patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Globus Medical has weak reverse predictability. Overlapping area represents the amount of predictability between Globus Medical time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Globus Medical price movement. The serial correlation of -0.25 indicates that over 25.0% of current Globus Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Globus Medical lagged returns against current returns
Autocorrelation, which is Globus Medical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Globus Medical's stock expected returns. We can calculate the autocorrelation of Globus Medical returns to help us make a trade decision. For example, suppose you find that Globus Medical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Globus Medical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Globus Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globus Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globus Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Globus Medical Lagged Returns
When evaluating Globus Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globus Medical stock have on its future price. Globus Medical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Globus Medical autocorrelation shows the relationship between Globus Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Globus Medical.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Globus Medical is a strong investment it is important to analyze Globus Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globus Medical's future performance. For an informed investment choice regarding Globus Stock, refer to the following important reports:Check out Globus Medical Correlation, Globus Medical Volatility and Globus Medical Alpha and Beta module to complement your research on Globus Medical. For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Globus Medical 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.