Resmed Inc Stock Market Value
| RMD Stock | USD 249.33 0.66 0.26% |
| Symbol | ResMed |
ResMed Inc 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 ResMed. If investors know ResMed 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 ResMed 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 0.416 | Dividend Share 1.97 | Earnings Share 7.53 | Revenue Per Share 32.711 | Quarterly Revenue Growth 0.111 |
The market value of ResMed Inc is measured differently than its book value, which is the value of ResMed that is recorded on the company's balance sheet. Investors also form their own opinion of ResMed's value that differs from its market value or its book value, called intrinsic value, which is ResMed'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 ResMed's market value can be influenced by many factors that don't directly affect ResMed'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 ResMed's value and its price as these two are different measures arrived at by different means. Investors typically determine if ResMed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ResMed'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.
ResMed '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 ResMed'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 ResMed.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in ResMed on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding ResMed Inc or generate 0.0% return on investment in ResMed over 720 days. ResMed is related to or competes with Teleflex Incorporated, West Pharmaceutical, Alcon AG, ICU Medical, Cooper Companies,, Becton Dickinson, and Hologic. ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for t... More
ResMed 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 ResMed'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 ResMed Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.88 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.08 |
ResMed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ResMed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ResMed's standard deviation. In reality, there are many statistical measures that can use ResMed historical prices to predict the future ResMed's volatility.| Risk Adjusted Performance | 0.0332 | |||
| Jensen Alpha | 0.0211 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1974 |
ResMed Inc Backtested Returns
At this point, ResMed is very steady. ResMed Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.027, which implies the firm had a 0.027% return per unit of risk over the last 3 months. We have found thirty technical indicators for ResMed Inc, which you can use to evaluate the volatility of the company. Please check ResMed's Semi Deviation of 1.63, risk adjusted performance of 0.0332, and Coefficient Of Variation of 2763.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.0464%. ResMed has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, ResMed's returns are expected to increase less than the market. However, during the bear market, the loss of holding ResMed is expected to be smaller as well. ResMed Inc right now holds a risk of 1.72%. Please check ResMed Inc expected short fall, and the relationship between the value at risk and daily balance of power , to decide if ResMed Inc will be following its historical price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
ResMed Inc has excellent reverse predictability. Overlapping area represents the amount of predictability between ResMed time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 ResMed Inc price movement. The serial correlation of -0.82 indicates that around 82.0% of current ResMed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 713.44 |
ResMed Inc lagged returns against current returns
Autocorrelation, which is ResMed 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 ResMed's stock expected returns. We can calculate the autocorrelation of ResMed returns to help us make a trade decision. For example, suppose you find that ResMed 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 |
ResMed 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 ResMed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ResMed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ResMed stock over time.
Current vs Lagged Prices |
| Timeline |
ResMed Lagged Returns
When evaluating ResMed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ResMed stock have on its future price. ResMed 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, ResMed autocorrelation shows the relationship between ResMed stock current value and its past values and can show if there is a momentum factor associated with investing in ResMed Inc.
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 ResMed Inc is a strong investment it is important to analyze ResMed'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 ResMed's future performance. For an informed investment choice regarding ResMed Stock, refer to the following important reports:Check out ResMed Correlation, ResMed Volatility and ResMed Alpha and Beta module to complement your research on ResMed. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.