Globus Medical Stock Market Value
| GMED Stock | USD 51.44 0.17 0.33% |
| Symbol | Globus |
Globus Medical Price To Book Ratio
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.
Globus Medical '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 Globus Medical'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 Globus Medical.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Globus Medical on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Globus Medical or generate 0.0% return on investment in Globus Medical over 30 days. Globus Medical is related to or competes with Thermogenesis Holdings. Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with muscu... More
Globus Medical 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 Globus Medical'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 Globus Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 1.8 |
Globus Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globus Medical's standard deviation. In reality, there are many statistical measures that can use Globus Medical historical prices to predict the future Globus Medical's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.12) |
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 Backtested Returns
Globus Medical holds Efficiency (Sharpe) Ratio of -0.0393, which attests that the entity had a -0.0393% return per unit of risk over the last 3 months. Globus Medical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globus Medical's Standard Deviation of 1.51, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.21, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Globus Medical will likely underperform. Globus Medical has an expected return of -0.0594%. Please make sure to check out Globus Medical value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Globus Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Globus Medical has virtually no predictability. Overlapping area represents the amount of predictability between Globus Medical time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Globus Medical price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Globus Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Globus Medical lagged returns against current returns
Autocorrelation, which is Globus Medical 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 Globus Medical's stock expected returns. We can calculate the autocorrelation of Globus Medical returns to help us make a trade decision. For example, suppose you find that Globus Medical 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 |
Globus Medical 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 Globus Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globus Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globus Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Globus Medical Lagged Returns
When evaluating Globus Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globus Medical stock have on its future price. Globus Medical 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, Globus Medical autocorrelation shows the relationship between Globus Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Globus Medical.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Globus Medical Correlation, Globus Medical Volatility and Globus Medical Alpha and Beta module to complement your research on Globus Medical. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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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Globus Medical 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.