Zimmer Biomet Holdings Stock Market Value
| ZBH Stock | USD 100.52 0.61 0.61% |
| Symbol | Zimmer |
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 Zimmer Biomet. If investors know Zimmer 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 Zimmer Biomet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Zimmer Biomet Holdings is measured differently than its book value, which is the value of Zimmer that is recorded on the company's balance sheet. Investors also form their own opinion of Zimmer Biomet's value that differs from its market value or its book value, called intrinsic value, which is Zimmer Biomet'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 Zimmer Biomet's market value can be influenced by many factors that don't directly affect Zimmer Biomet'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 Zimmer Biomet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zimmer Biomet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zimmer Biomet'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.
Zimmer Biomet '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 Zimmer Biomet'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 Zimmer Biomet.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Zimmer Biomet on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Zimmer Biomet Holdings or generate 0.0% return on investment in Zimmer Biomet over 30 days. Zimmer Biomet is related to or competes with Orthofix Medical, SurModics, Pulmonx Corp, CVRx, Edwards Lifesciences, Medtronic PLC, and Abbott Laboratories. Zimmer Biomet Holdings, Inc., together with its subsidiaries, operates in the musculoskeletal healthcare business in the... More
Zimmer Biomet 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 Zimmer Biomet'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 Zimmer Biomet Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.09 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.67 |
Zimmer Biomet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zimmer Biomet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zimmer Biomet's standard deviation. In reality, there are many statistical measures that can use Zimmer Biomet historical prices to predict the future Zimmer Biomet's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.72) |
Zimmer Biomet Holdings Backtested Returns
Zimmer Biomet Holdings shows Sharpe Ratio of -0.12, which attests that the company had a -0.12 % return per unit of risk over the last 3 months. Zimmer Biomet Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zimmer Biomet's Mean Deviation of 0.8812, market risk adjusted performance of (0.71), and Standard Deviation of 1.22 to validate the risk estimate we provide. The firm maintains a market beta of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zimmer Biomet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zimmer Biomet is expected to be smaller as well. At this point, Zimmer Biomet Holdings has a negative expected return of -0.15%. Please make sure to check out Zimmer Biomet's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Zimmer Biomet Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Zimmer Biomet Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Zimmer Biomet time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zimmer Biomet Holdings price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Zimmer Biomet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 13.51 |
Zimmer Biomet Holdings lagged returns against current returns
Autocorrelation, which is Zimmer Biomet 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 Zimmer Biomet's stock expected returns. We can calculate the autocorrelation of Zimmer Biomet returns to help us make a trade decision. For example, suppose you find that Zimmer Biomet 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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Zimmer Biomet 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 Zimmer Biomet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zimmer Biomet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zimmer Biomet stock over time.
Current vs Lagged Prices |
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Zimmer Biomet Lagged Returns
When evaluating Zimmer Biomet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zimmer Biomet stock have on its future price. Zimmer Biomet 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, Zimmer Biomet autocorrelation shows the relationship between Zimmer Biomet stock current value and its past values and can show if there is a momentum factor associated with investing in Zimmer Biomet Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Zimmer Biomet Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zimmer Biomet's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zimmer Biomet Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zimmer Biomet Holdings Stock:Check out Zimmer Biomet Correlation, Zimmer Biomet Volatility and Zimmer Biomet Alpha and Beta module to complement your research on Zimmer Biomet. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Zimmer Biomet 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.