Medtronic Competitors
MDT Stock | USD 79.19 0.11 0.14% |
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Medtronic |
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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Medtronic PLC and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Medtronic and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Medtronic PLC does not affect the price movement of the other competitor.
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Risk-Adjusted Indicators
There is a big difference between Medtronic Stock performing well and Medtronic PLC Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Medtronic PLC's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
EW | 1.37 | 0.23 | 0.16 | 0.35 | 1.10 | 2.59 | 11.33 | |||
ABT | 0.91 | (0.14) | 0.00 | (0.13) | 0.00 | 1.75 | 5.12 | |||
BSX | 0.75 | 0.17 | 0.16 | 0.44 | 0.62 | 1.52 | 5.27 | |||
ZBH | 0.97 | (0.06) | 0.00 | (0.02) | 0.00 | 2.48 | 6.29 | |||
SYK | 0.78 | 0.08 | 0.09 | 0.19 | 0.59 | 1.61 | 7.44 | |||
DXCM | 1.49 | 0.07 | 0.04 | 0.11 | 1.66 | 4.19 | 13.54 | |||
PODD | 1.67 | (0.33) | 0.00 | (0.20) | 0.00 | 3.20 | 11.50 | |||
TNDM | 3.55 | 0.32 | 0.10 | 0.18 | 3.53 | 10.86 | 29.46 | |||
ALGN | 1.68 | 0.07 | 0.05 | 0.08 | 1.94 | 3.61 | 8.07 |
Cross Equities Net Income Analysis
Compare Medtronic PLC and related stocks such as Edwards Lifesciences Corp, Abbott Laboratories, and Boston Scientific Corp Net Income Over Time
Select Fundamental2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EW | 82 M | 236.7 M | 293.2 M | 391.7 M | 811.1 M | 494.9 M | 569.5 M | 622.1 M | 722.2 M | 1 B | 823.4 M | 1.5 B | 1.5 B | 1.4 B | 1.5 B |
ABT | 465.3 M | 4.7 B | 6 B | 2.6 B | 2.3 B | 4.4 B | 1.4 B | 477 M | 2.4 B | 3.7 B | 4.5 B | 7.1 B | 6.9 B | 5.7 B | 3.1 B |
BSX | 41.8 M | 441 M | (4.1 B) | (121 M) | 267 M | (239 M) | 347 M | 104 M | 1.7 B | 4.7 B | (140 M) | 1 B | 698 M | 1.6 B | 1.7 B |
ZBH | 145 M | 760.8 M | 755 M | 761 M | 720.1 M | 49.7 M | 302.9 M | 1.8 B | (379.2 M) | 1.1 B | (137.4 M) | 401.6 M | 231.4 M | 1 B | 580.9 M |
SYK | 8.4 M | 1.3 B | 1.3 B | 1 B | 515 M | 1.4 B | 1.6 B | 1 B | 3.6 B | 2.1 B | 1.6 B | 2 B | 2.4 B | 3.2 B | 3.3 B |
DXCM | (4 M) | (44.7 M) | (54.5 M) | (29.8 M) | (22.4 M) | (57.6 M) | (65.6 M) | (50.2 M) | (127.1 M) | 101.1 M | 493.6 M | 154.7 M | 341.2 M | 541.5 M | 568.6 M |
PODD | (12.6 M) | (57.2 M) | (51.9 M) | (45 M) | (51.5 M) | (73.5 M) | (28.9 M) | (26.8 M) | 3.3 M | 11.6 M | 6.8 M | 16.8 M | 4.6 M | 206.3 M | 216.6 M |
TNDM | (25.5 M) | (25.5 M) | (33 M) | (63.1 M) | (79.5 M) | (72.4 M) | (83.4 M) | (73 M) | (122.6 M) | (24.8 M) | (34.4 M) | 15.6 M | (94.6 M) | (222.6 M) | (211.5 M) |
ALGN | (15.4 M) | 66.7 M | 58.7 M | 64.3 M | 145.8 M | 144 M | 189.7 M | 231.4 M | 400.2 M | 442.8 M | 1.8 B | 772 M | 361.6 M | 445.1 M | 467.3 M |
Medtronic PLC and related stocks such as Edwards Lifesciences Corp, Abbott Laboratories, and Boston Scientific Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Medtronic PLC financial statement analysis. It represents the amount of money remaining after all of Medtronic PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Medtronic PLC Competitive Analysis
The better you understand Medtronic PLC competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Medtronic PLC's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Medtronic PLC's competition over several years is one of the best ways to analyze its investment potential.Better Than Average | Worse Than Peers | View Performance Chart |
Medtronic PLC Competition Performance Charts
Five steps to successful analysis of Medtronic PLC Competition
Medtronic PLC's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Medtronic PLC in relation to its competition. Medtronic PLC's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Medtronic PLC in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Medtronic PLC's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Medtronic PLC, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Medtronic PLC Correlation with its peers. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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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.
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Is Medtronic PLC's industry 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 0.078 | Dividend Share 2.75 | Earnings Share 3.15 | Revenue Per Share 24.298 | Quarterly Revenue Growth 0.047 |
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.