Globus Medical Stock Market Value

GMED Stock  USD 53.64  0.58  1.09%   
Globus Medical's market value is the price at which a share of Globus Medical trades on a public exchange. It measures the collective expectations of Globus Medical investors about its performance. Globus Medical is trading at 53.64 as of the 28th of March 2024, a 1.09% increase since the beginning of the trading day. The stock's lowest day price was 52.91.
With this module, you can estimate the performance of a buy and hold strategy of Globus Medical and determine expected loss or profit from investing in Globus Medical over a given investment horizon. Check out Globus Medical Correlation, Globus Medical Volatility and Globus Medical Alpha and Beta module to complement your research on Globus Medical.
For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.
Symbol

Globus Medical Price To Book Ratio

Is Globus Medical'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 Globus Medical. If investors know Globus 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 Globus Medical 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
(0.79)
Earnings Share
1.07
Revenue Per Share
13.87
Quarterly Revenue Growth
1.246
Return On Assets
0.0477
The market value of Globus Medical is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Medical's value that differs from its market value or its book value, called intrinsic value, which is Globus Medical'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 Globus Medical's market value can be influenced by many factors that don't directly affect Globus Medical'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 Globus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Medical'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.

Globus Medical '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 Globus Medical'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 Globus Medical.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Globus Medical on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Globus Medical or generate 0.0% return on investment in Globus Medical over 720 days. Globus Medical is related to or competes with Spectral, Edwards Lifesciences, Medigus, Outset MedicalInc, Monogram Orthopaedics, Venus Concept, and Modular Medical. Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with muscu... More

Globus Medical 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 Globus Medical'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 Globus Medical upside and downside potential and time the market with a certain degree of confidence.

Globus Medical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globus Medical's standard deviation. In reality, there are many statistical measures that can use Globus Medical historical prices to predict the future Globus Medical's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globus Medical'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.
Hype
Prediction
LowEstimatedHigh
52.0953.6455.19
Details
Intrinsic
Valuation
LowRealHigh
52.1953.7455.29
Details
Naive
Forecast
LowNextHigh
52.2553.8055.35
Details
15 Analysts
Consensus
LowTargetHigh
61.2067.2574.65
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Globus Medical. Your research has to be compared to or analyzed against Globus Medical's peers to derive any actionable benefits. When done correctly, Globus Medical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Globus Medical.

Globus Medical Backtested Returns

We consider Globus Medical very steady. Globus Medical holds Efficiency (Sharpe) Ratio of 0.0145, which attests that the entity had a 0.0145% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Globus Medical, which you can use to evaluate the volatility of the firm. Please check out Globus Medical's Market Risk Adjusted Performance of 0.0108, risk adjusted performance of 0.0103, and Downside Deviation of 1.84 to validate if the risk estimate we provide is consistent with the expected return of 0.0225%. Globus Medical has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.24, which attests to 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, Globus Medical will likely underperform. Globus Medical right now retains a risk of 1.55%. Please check out Globus Medical semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Globus Medical will be following its current trending patterns.

Auto-correlation

    
  -0.28  

Weak reverse predictability

Globus Medical has weak reverse predictability. Overlapping area represents the amount of predictability between Globus Medical time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Globus Medical price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Globus Medical price fluctuation can be explain by its past prices.
Correlation Coefficient-0.28
Spearman Rank Test-0.15
Residual Average0.0
Price Variance18.72

Globus Medical lagged returns against current returns

Autocorrelation, which is Globus Medical 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 Globus Medical's stock expected returns. We can calculate the autocorrelation of Globus Medical returns to help us make a trade decision. For example, suppose you find that Globus Medical 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  

Globus Medical 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 Globus Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globus Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globus Medical stock over time.
   Current vs Lagged Prices   
       Timeline  

Globus Medical Lagged Returns

When evaluating Globus Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globus Medical stock have on its future price. Globus Medical 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, Globus Medical autocorrelation shows the relationship between Globus Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Globus Medical.
   Regressed Prices   
       Timeline  

Globus Medical Investors Sentiment

The influence of Globus Medical'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 Globus. 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 Globus Medical's public news can be used to forecast risks associated with an investment in Globus. The trend in average sentiment can be used to explain how an investor holding Globus can time the market purely based on public headlines and social activities around Globus Medical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Globus Medical'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 Globus Medical'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 Globus Medical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globus Medical.
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 Globus Medical 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, Globus Medical's short interest history, or implied volatility extrapolated from Globus Medical options trading.

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When determining whether Globus Medical is a strong investment it is important to analyze Globus Medical'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 Globus Medical's future performance. For an informed investment choice regarding Globus Stock, refer to the following important reports:
Check out Globus Medical Correlation, Globus Medical Volatility and Globus Medical Alpha and Beta module to complement your research on Globus Medical.
For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.
Note that the Globus Medical information on this page should be used as a complementary analysis to other Globus Medical'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 CEOs Directory module to screen CEOs from public companies around the world.

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When running Globus Medical's price analysis, check to measure Globus Medical'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 Globus Medical is operating at the current time. Most of Globus Medical's value examination focuses on studying past and present price action to predict the probability of Globus Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Medical's price. Additionally, you may evaluate how the addition of Globus Medical to your portfolios can decrease your overall portfolio volatility.
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Globus Medical 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.
A focus of Globus Medical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Globus Medical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...