As of 14 of October Globus Medical retains Risk Adjusted Performance of 0.1745, Downside Deviation of 1.32 and Market Risk Adjusted Performance of 0.438. Globus Medical technical analysis makes it possible for you to employ historical prices and volume momentum with intention to determine a pattern that calculates the direction of the corporation future prices. In other words you can use this information to find out if the corporation will indeed mirror its model of historical price patterns or the prices will eventually revert. We found nineteen technical drivers for Globus Medical which can be compared to its competitors. Please check out Globus Medical Value At Risk, and the relationship between Jensen Alpha and Semi Variance to decide if Globus Medical is priced fairly providing market reflects its last-minute price of 50.08 per share. Given that Globus Medical has Jensen Alpha of 0.3199, we strongly advise you confirm Globus Medical regular market performance to make sure the company can sustain itself at future point.
Globus Medical current and past analyst recommendations published by number of research institutions as well as average analyst consensus
|Target Price||Advice||# of Analysts|
|Globus Medical Analyst Advice|
|Horizon||30 Days Login to change|
Globus Medical Technical Analysis
Globus Medical Trend AnalysisUse this graph to draw trend lines for Globus Medical. You can use it to identify possible trend reversals for Globus Medical as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Globus Medical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Globus Medical Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Globus Medical applied against its price change over selected period. The best fit line has a slop of 0.1 which means Globus Medical will continue generating value for investors. It has 122 observation points and a regression sum of squares at 374.84, which is the sum of squared deviations for the predicted Globus Medical price change compared to its average price change.
Globus Medical October 14, 2019 Technical Indicators
|Risk Adjusted Performance||0.1745|
|Market Risk Adjusted Performance||0.438|
|Coefficient Of Variation||567.71|
|Total Risk Alpha||0.3596|
|Value At Risk||(1.82)|
|Expected Short fall||(1.47)|
Globus Medical October 14, 2019 Daily Price Condition
|Daily Balance Of Power||(0.39)|
|Rate Of Daily Change||0.99|
|Day Median Price||50.31|
|Day Typical Price||50.23|
|Price Action Indicator||(0.42)|