Resmed Inc Stock Market Value
| RMD Stock | USD 216.98 1.17 0.54% |
| Symbol | ResMed |
ResMed Inc Price To Book Ratio
Is ResMed'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 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 0.291 | Dividend Share 1.88 | Earnings Share 6.51 | Revenue Per Share 31.175 | Quarterly Revenue Growth 0.072 |
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.
| 05/12/2023 |
| 05/06/2024 |
If you would invest 0.00 in ResMed on May 12, 2023 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 360 days. ResMed is related to or competes with MidCap Financial, Nuveen Core, and Sono Tek. 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 | 1.86 | |||
| Information Ratio | 0.0558 | |||
| Maximum Drawdown | 20.36 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.5 |
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 | 0.0601 | |||
| Jensen Alpha | 0.1287 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.088 | |||
| Treynor Ratio | 0.1548 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ResMed'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.
ResMed Inc Backtested Returns
ResMed appears to be very steady, given 3 months investment horizon. ResMed Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.0835, which implies the firm had a 0.0835% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ResMed Inc, which you can use to evaluate the volatility of the company. Please evaluate ResMed's Coefficient Of Variation of 1207.95, semi deviation of 1.74, and Risk Adjusted Performance of 0.0601 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ResMed holds a performance score of 6. The company holds a Beta of 1.51, which implies 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, ResMed will likely underperform. Please check ResMed's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether ResMed's historical price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
ResMed Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ResMed time series from 12th of May 2023 to 8th of November 2023 and 8th of November 2023 to 6th of May 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 -0.72 indicates that around 72.0% of current ResMed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 267.69 |
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 |
ResMed Investors Sentiment
The influence of ResMed's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ResMed. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ResMed's public news can be used to forecast risks associated with an investment in ResMed. The trend in average sentiment can be used to explain how an investor holding ResMed can time the market purely based on public headlines and social activities around ResMed Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ResMed's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ResMed's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ResMed's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ResMed.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ResMed in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ResMed's short interest history, or implied volatility extrapolated from ResMed options trading.
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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for ResMed Stock analysis
When running ResMed's price analysis, check to measure ResMed'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 ResMed is operating at the current time. Most of ResMed's value examination focuses on studying past and present price action to predict the probability of ResMed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ResMed's price. Additionally, you may evaluate how the addition of ResMed to your portfolios can decrease your overall portfolio volatility.
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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.