Globus Medical Stock Performance

GMED Stock  USD 53.64  0.58  1.09%   
The company retains a Market Volatility (i.e., Beta) of 1.23, 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 kurtosis, and the relationship between the maximum drawdown and rate of daily change , to decide if Globus Medical will be following its current trending patterns.

Risk-Adjusted Performance

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Over the last 90 days Globus Medical has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, Globus Medical is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more

Actual Historical Performance (%)

One Day Return
2.79
Five Day Return
0.87
Year To Date Return
(0.19)
Ten Year Return
105.66
All Time Return
293.04
1
Globus Maritime Limited Announces the Delivery of a 2024-Built Ultramax Dry Bulk Vessel Glbs Hero, Expanding Fleet to Seven Vessels
01/25/2024
2
Acquisition by James Tobin of 15000 shares of Globus Medical subject to Rule 16b-3
01/30/2024
3
Globus Medical Q4 Earnings on the Horizon Analysts Insights on Key Performance Measures
02/14/2024
4
Global Alpha Capital Management Ltd. Has 17.34 Million Stock Holdings in Globus Medical, Inc.
02/21/2024
5
Q4 2023 Globus Medical Inc Earnings Call Transcript
02/28/2024
6
Globus Medical, Inc. Shares Acquired by Kennedy Capital Management LLC
03/05/2024
7
Artificial Disc Replacement Market Size is Expected to Reach 1.3 Bn by 2030, Growing at a CAGR of 12.3
03/08/2024
8
Unicorn Group bietet als Mastercard Principal Member neue E-Commerce-Lsungen in der Schweiz an
03/11/2024
9
Xsolla schliet Partnerschaft mit GameAnalytics, um die Monetarisierung von Spielen durch Direktvertrieb zu revolutionieren
03/14/2024
10
Globus Medical director sells over 550k in company stock By Investing.com - Investing.com
03/19/2024
11
Beliebter Fotowettbewerb gibt Gewinner bei Erffnung einer umfangreichen Ausstellung zur wichtigen Rolle und Schnheit von Beton weltweit bekannt
03/26/2024
Begin Period Cash Flow150.5 M
  

Globus Medical Relative Risk vs. Return Landscape

If you would invest  5,329  in Globus Medical on December 29, 2023 and sell it today you would lose (23.00) from holding Globus Medical or give up 0.43% of portfolio value over 90 days. Globus Medical is currently generating 0.0049% in daily expected returns and assumes 1.5526% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% of stocks are less volatile than Globus, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Globus Medical is expected to generate 27.69 times less return on investment than the market. In addition to that, the company is 2.73 times more volatile than its market benchmark. It trades about 0.0 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of volatility.

Globus Medical Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Medical's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Globus Medical, and traders can use it to determine the average amount a Globus Medical's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0032

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Estimated Market Risk

 1.55
  actual daily
13
87% of assets are more volatile

Expected Return

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Most of other assets have higher returns

Risk-Adjusted Return

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Based on monthly moving average Globus Medical 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 Globus Medical by adding Globus Medical to a well-diversified portfolio.

Globus Medical Fundamentals Growth

Globus Stock prices reflect investors' perceptions of the future prospects and financial health of Globus Medical, and Globus Medical fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Globus Stock performance.

About Globus Medical Performance

To evaluate Globus Medical Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Globus Medical generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Globus Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Globus Medical market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Globus's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania. Globus Medical operates under Medical Devices classification in the United States and is traded on New York Stock Exchange. It employs 2400 people.

Things to note about Globus Medical performance evaluation

Checking the ongoing alerts about Globus Medical for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Globus Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Globus Medical's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Globus Medical's stock performance include:
  • Analyzing Globus Medical's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Globus Medical's stock is overvalued or undervalued compared to its peers.
  • Examining Globus Medical's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Globus Medical's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Globus Medical's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Globus Medical's stock. These opinions can provide insight into Globus Medical's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Globus Medical's stock performance is not an exact science, and many factors can impact Globus Medical's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Globus Stock analysis

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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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.
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.