Globus Medical Stock Probability of Future Stock Price Finishing Over 56.42
| GMED Stock | USD 51.25 0.90 1.79% |
Closest to current price Globus long CALL Option Payoff at Expiration
Globus |
Globus Medical Target Price Odds to finish over 56.42
The tendency of Globus Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 56.42 or more in 90 days |
| 51.25 | 90 days | 56.42 | roughly 2.35 |
Based on a normal probability distribution, the odds of Globus Medical to move over $ 56.42 or more in 90 days from now is roughly 2.35 (This Globus Medical probability density function shows the probability of Globus Stock to fall within a particular range of prices over 90 days) . Probability of Globus Medical price to stay between its current price of $ 51.25 and $ 56.42 at the end of the 90-day period is about 88.43 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.26 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Globus Medical will likely underperform. Additionally Globus Medical has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Globus Medical Price Density |
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Predictive Modules for Globus Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globus Medical. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globus Medical is not an exception. The market had few large corrections towards the Globus Medical's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Globus Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globus Medical within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.23 | |
β | Beta against NYSE Composite | 1.26 | |
σ | Overall volatility | 1.56 | |
Ir | Information ratio | -0.14 |
Globus Medical Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Globus Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globus Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globus Medical generated a negative expected return over the last 90 days | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from aol.com: Taylor Swift joins the ranks of Pennsylvanias billionaires. See how much theyre worth |
Globus Medical Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Globus Stock often depends not only on the future outlook of the current and potential Globus Medical's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Globus Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 114.6 M | |
| Cash And Short Term Investments | 517.8 M |
Globus Medical Technical Analysis
Globus Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Globus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globus Medical. In general, you should focus on analyzing Globus Stock price patterns and their correlations with different microeconomic environments and drivers.
Globus Medical Predictive Forecast Models
Globus Medical's time-series forecasting models is one of many Globus Medical's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Globus Medical's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Globus Medical
Checking the ongoing alerts about Globus Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globus Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globus Medical generated a negative expected return over the last 90 days | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from aol.com: Taylor Swift joins the ranks of Pennsylvanias billionaires. See how much theyre worth |
Check out Globus Medical Backtesting, Globus Medical Valuation, Globus Medical Correlation, Globus Medical Hype Analysis, Globus Medical Volatility, Globus Medical History as well as Globus Medical Performance. For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.Note that the Globus Medical information on this page should be used as a complementary analysis to other Globus Medical'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Globus Stock analysis
When running Globus Medical's price analysis, check to measure Globus Medical'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 Globus Medical is operating at the current time. Most of Globus Medical's value examination focuses on studying past and present price action to predict the probability of Globus Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Medical's price. Additionally, you may evaluate how the addition of Globus Medical to your portfolios can decrease your overall portfolio volatility.
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Is Globus Medical'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 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 (0.79) | Earnings Share 1.07 | Revenue Per Share 13.87 | Quarterly Revenue Growth 1.246 | Return On Assets 0.0477 |
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.