Globus Medical Risk Analysis And Volatility

GMED -- USA Stock  

USD 51.84  0.49  0.95%

Macroaxis considers Globus Medical not too volatile given 3 months investment horizon. Globus Medical holds Efficiency (Sharpe) Ratio of 0.1919 which attests that the entity had 0.1919% of return per unit of risk over the last 3 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Globus Medical which you can use to evaluate future volatility of the corporation. Please utilize Globus Medical Risk Adjusted Performance of 0.1786, Market Risk Adjusted Performance of 0.6488 and Downside Deviation of 1.24 to validate if our risk estimates are consistent with your expectations.

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Slowly supersedes market
Horizon     30 Days    Login   to change

Globus Medical Market Sensitivity

As returns on market increase, Globus Medical returns are expected to increase less than the market. However during bear market, the loss on holding Globus Medical will be expected to be smaller as well.
3 Months Beta |Analyze Globus Medical Demand Trend
Check current 30 days Globus Medical correlation with market (DOW)
β = 0.4921

Globus Medical Central Daily Price Deviation

Globus Medical Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Developed by Larry Williams, the Weighted Close is the average of Globus Medical high, low and close of a chart with the close values weighted twice. It can be used to smooth an indicator that normally takes only Globus Medical closing price as input. View also all equity analysis or get more info about weighted close price price transform indicator.

Globus Medical Projected Return Density Against Market

Given the investment horizon of 30 days, Globus Medical has beta of 0.4921 . This indicates as returns on market go up, Globus Medical average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Globus Medical will be expected to be much smaller as well. Moreover, The company has an alpha of 0.3053 implying that it can potentially generate 0.3053% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Globus Medical is 521.1. The daily returns are destributed with a variance of 2.93 and standard deviation of 1.71. The mean deviation of Globus Medical is currently at 1.24. For similar time horizon, the selected benchmark (DOW) has volatility of 0.9
α
Alpha over DOW
=0.31
β
Beta against DOW=0.49
σ
Overall volatility
=1.71
Ir
Information ratio =0.18

Globus Medical Return Volatility

the firm inherits 1.7109% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 0.9214% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Globus Medical Investment Opportunity

Globus Medical has a volatility of 1.71 and is 1.86 times more volatile than DOW. 15% of all equities and portfolios are less risky than Globus Medical. Compared to the overall equity markets, volatility of historical daily returns of Globus Medical is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use Globus Medical to enhance returns of your portfolios. The stock experiences moderate upward volatility. Check odds of Globus Medical to be traded at $57.02 in 30 days. . As returns on market increase, Globus Medical returns are expected to increase less than the market. However during bear market, the loss on holding Globus Medical will be expected to be smaller as well.

Globus Medical correlation with market

correlation synergy
Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Globus Medical Inc and equity matching DJI index in the same portfolio.

Globus Medical Current Risk Indicators

Globus Medical Suggested Diversification Pairs

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