Zimmer Biomet Holdings Stock Technical Analysis
ZBH Stock | USD 121.52 0.74 0.61% |
As of the 24th of April, Zimmer Biomet maintains the Standard Deviation of 1.32, market risk adjusted performance of (0.03), and Mean Deviation of 0.983. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zimmer Biomet Holdings, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have analyzed thirteen technical drivers for Zimmer Biomet Holdings, which can be compared to its peers. Please check out Zimmer Biomet Holdings market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Zimmer Biomet Holdings is priced fairly, providing market reflects its latest price of 121.52 per share. Given that Zimmer Biomet Holdings has information ratio of (0.09), we strongly advise you to confirm Zimmer Biomet Holdings's prevalent market performance to make sure the company can sustain itself at a future point.
Zimmer Biomet Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Zimmer, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ZimmerZimmer |
Zimmer Biomet Analyst Consensus
Target Price | Advice | # of Analysts | |
143.78 | Buy | 28 | Odds |
Most Zimmer analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Zimmer stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Zimmer Biomet Holdings, talking to its executives and customers, or listening to Zimmer conference calls.
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.
Zimmer Biomet Holdings Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Zimmer Biomet Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Zimmer Biomet Holdings Trend Analysis
Use this graph to draw trend lines for Zimmer Biomet Holdings. You can use it to identify possible trend reversals for Zimmer Biomet 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 Zimmer Biomet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Zimmer Biomet Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Zimmer Biomet Holdings applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that Zimmer Biomet Holdings will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 4.13, which is the sum of squared deviations for the predicted Zimmer Biomet price change compared to its average price change.About Zimmer Biomet Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Zimmer Biomet Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Zimmer Biomet Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Zimmer Biomet Holdings price pattern first instead of the macroeconomic environment surrounding Zimmer Biomet Holdings. By analyzing Zimmer Biomet's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Zimmer Biomet's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Zimmer Biomet specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.007711 | 0.007504 | 0.007872 | 0.0156 | Price To Sales Ratio | 3.8 | 3.86 | 3.45 | 4.51 |
Zimmer Biomet April 24, 2024 Technical Indicators
Most technical analysis of Zimmer help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Zimmer from various momentum indicators to cycle indicators. When you analyze Zimmer charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.01) | |||
Market Risk Adjusted Performance | (0.03) | |||
Mean Deviation | 0.983 | |||
Coefficient Of Variation | (4,995) | |||
Standard Deviation | 1.32 | |||
Variance | 1.74 | |||
Information Ratio | (0.09) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.21) | |||
Treynor Ratio | (0.04) | |||
Maximum Drawdown | 6.29 | |||
Value At Risk | (1.88) | |||
Potential Upside | 2.48 | |||
Skewness | 0.3552 | |||
Kurtosis | 0.8481 |
Zimmer Biomet April 24, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Zimmer stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 7,559 | ||
Daily Balance Of Power | 0.55 | ||
Rate Of Daily Change | 1.01 | ||
Day Median Price | 120.95 | ||
Day Typical Price | 121.14 | ||
Price Action Indicator | 0.94 |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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 (0.16) | Dividend Share 0.96 | Earnings Share 4.88 | Revenue Per Share 35.43 | Quarterly Revenue Growth 0.063 |
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.