Medtronic Plc Stock Market Value
| MDT Stock | USD 86.54 0.27 0.31% |
| Symbol | Medtronic |
Medtronic PLC 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 Medtronic PLC. If investors know Medtronic 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 Medtronic PLC 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 0.356 | Earnings Share 3.27 | Revenue Per Share 24.709 | Quarterly Revenue Growth 0.028 | Return On Assets 0.0442 |
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC'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 Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC'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 Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC'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.
Medtronic PLC '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 Medtronic PLC'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 Medtronic PLC.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Medtronic PLC on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Medtronic PLC or generate 0.0% return on investment in Medtronic PLC over 30 days. Medtronic PLC is related to or competes with Edwards Lifesciences, Abbott Laboratories, Boston Scientific, Zimmer Biomet, Stryker, DexCom, and Insulet. Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinic... More
Medtronic PLC 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 Medtronic PLC'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 Medtronic PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.69 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.73 |
Medtronic PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medtronic PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medtronic PLC's standard deviation. In reality, there are many statistical measures that can use Medtronic PLC historical prices to predict the future Medtronic PLC's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medtronic PLC'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.
Medtronic PLC Backtested Returns
Medtronic PLC has Sharpe Ratio of -0.0238, which conveys that the firm had a -0.0238% return per unit of risk over the last 3 months. Medtronic PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medtronic PLC's Standard Deviation of 1.05, risk adjusted performance of (0.01), and Mean Deviation of 0.7702 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Medtronic PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medtronic PLC is expected to be smaller as well. At this point, Medtronic PLC has a negative expected return of -0.0252%. Please make sure to verify Medtronic PLC's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Medtronic PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Medtronic PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Medtronic PLC time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Medtronic PLC price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Medtronic PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Medtronic PLC lagged returns against current returns
Autocorrelation, which is Medtronic PLC 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 Medtronic PLC's stock expected returns. We can calculate the autocorrelation of Medtronic PLC returns to help us make a trade decision. For example, suppose you find that Medtronic PLC 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 |
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Medtronic PLC 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 Medtronic PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medtronic PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medtronic PLC stock over time.
Current vs Lagged Prices |
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Medtronic PLC Lagged Returns
When evaluating Medtronic PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medtronic PLC stock have on its future price. Medtronic PLC 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, Medtronic PLC autocorrelation shows the relationship between Medtronic PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Medtronic PLC.
Regressed Prices |
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Additional Tools for Medtronic Stock Analysis
When running Medtronic PLC's price analysis, check to measure Medtronic PLC'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 Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.