Zimmer Biomet Holdings Stock Price on September 29, 2023
| ZBH Stock | USD 116.41 0.56 0.48% |
Below is the normalized historical share price chart for Zimmer Biomet Holdings extending back to July 25, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Zimmer Biomet stands at 116.41, as last reported on the 27th of May, with the highest price reaching 116.53 and the lowest price hitting 115.44 during the day.
If you're considering investing in Zimmer Stock, it is important to understand the factors that can impact its price. Zimmer Biomet Holdings shows Sharpe Ratio of -0.1, which attests that the company had a -0.1% 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 Standard Deviation of 1.17, market risk adjusted performance of (0.11), and Mean Deviation of 0.8688 to validate the risk estimate we provide.
As of now, Zimmer Biomet's Other Stockholder Equity is increasing as compared to previous years. The Zimmer Biomet's current Capital Stock is estimated to increase to about 3.4 M, while Common Stock Shares Outstanding is projected to decrease to under 164.9 M. . As of now, Zimmer Biomet's Price Cash Flow Ratio is increasing as compared to previous years. The Zimmer Biomet's current Price Sales Ratio is estimated to increase to 4.51, while Price Book Value Ratio is projected to decrease to 1.93. Zimmer Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 25th of July 2001 | 200 Day MA 119.0981 | 50 Day MA 123.3088 | Beta 1.034 |
Zimmer |
Sharpe Ratio = -0.1019
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| Negative Returns | ZBH |
Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Zimmer Biomet is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Zimmer Biomet by adding Zimmer Biomet to a well-diversified portfolio.
Price Book 2.0493 | Enterprise Value Ebitda 13.9954 | Price Sales 3.4589 | Shares Float 205.2 M | Dividend Share 0.96 |
Zimmer Biomet Main Headline on 29th of September 2023
Filed transaction by Zimmer Biomet Holdings In officer. General open market or private sale of non-derivative or derivative security
Zimmer Biomet Valuation on September 29, 2023
It is possible to determine the worth of Zimmer Biomet on a given historical date. On September 29, 2023 Zimmer was worth 113.16 at the beginning of the trading date compared to the closed value of 111.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Zimmer Biomet stock. Still, in general, we apply an absolute valuation method to find Zimmer Biomet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Zimmer Biomet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Zimmer Biomet's related companies.
| Open | High | Low | Close | Volume | |
| 111.00 | 114.34 | 110.96 | 112.03 | 1,939,050 | |
09/29/2023 | 113.16 | 114.15 | 111.77 | 111.79 | 1,987,046 |
| 111.35 | 111.93 | 110.85 | 110.99 | 1,445,430 |
| Backtest Zimmer Biomet | | | Zimmer Biomet History | | | Zimmer Biomet Valuation | Previous | Next |
Zimmer Biomet Trading Date Momentum on September 29, 2023
| On October 02 2023 Zimmer Biomet Holdings was traded for 110.99 at the closing time. Highest Zimmer Biomet's price during the trading hours was 111.93 and the lowest price during the day was 110.85 . The net volume was 1.4 M. The overall trading history on the 2nd of October contributed to the next trading period price depreciation. The trading date delta to the next next day price was 0.72% . The trading date delta to current price is 1.36% . |
Zimmer Biomet Holdings Fundamentals Correlations and Trends
By evaluating Zimmer Biomet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Zimmer Biomet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Zimmer financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Zimmer Biomet Stock history
Zimmer Biomet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Zimmer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Zimmer Biomet Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Zimmer Biomet stock prices may prove useful in developing a viable investing in Zimmer Biomet
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 209.7 M | 164.9 M | |
| Net Income Applicable To Common Shares | 266.1 M | 252.8 M |
Zimmer Biomet Quarterly Net Working Capital |
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Zimmer Biomet Stock Technical Analysis
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.
Price Boundaries
Zimmer Biomet Period Price Range
Low | September 29, 2023
| High |
113.16 | 111.79 |
Zimmer Biomet May 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Zimmer Biomet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zimmer Biomet shares will generate the highest return on investment. By undertsting and applying Zimmer Biomet stock market strength indicators, traders can identify Zimmer Biomet Holdings entry and exit signals to maximize returns
| Accumulation Distribution | 41429.43 | |||
| Daily Balance Of Power | (0.58) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 112.96 | |||
| Day Typical Price | 112.57 | |||
| Price Action Indicator | (1.85) | |||
| Period Momentum Indicator | 4.62 | |||
| Relative Strength Index | 43.05 |
Zimmer Biomet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Zimmer Biomet's price direction in advance. Along with the technical and fundamental analysis of Zimmer Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Zimmer to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.12) |
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| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zimmer Biomet Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Zimmer Biomet Holdings information on this page should be used as a complementary analysis to other Zimmer Biomet'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Zimmer Stock analysis
When running Zimmer Biomet's price analysis, check to measure Zimmer Biomet'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 Zimmer Biomet is operating at the current time. Most of Zimmer Biomet's value examination focuses on studying past and present price action to predict the probability of Zimmer Biomet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zimmer Biomet's price. Additionally, you may evaluate how the addition of Zimmer Biomet to your portfolios can decrease your overall portfolio volatility.
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Is Zimmer Biomet'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 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.
Quarterly Earnings Growth (0.24) | Dividend Share 0.96 | Earnings Share 4.61 | Revenue Per Share 35.889 | Quarterly Revenue Growth 0.032 |
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.