Globus Medical Stock Forecast - Day Median Price
| GMED Stock | USD 50.75 0.45 0.88% |
Globus Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Globus Medical stock prices and determine the direction of Globus Medical's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Globus Medical's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Globus Medical's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Globus Medical's systematic risk associated with finding meaningful patterns of Globus Medical fundamentals over time.
Check out Historical Fundamental Analysis of Globus Medical to cross-verify your projections. Globus |
Open Interest Against 2024-04-19 Globus Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Globus Medical's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Globus Medical's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Globus Medical stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Globus Medical's open interest, investors have to compare it to Globus Medical's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Globus Medical is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Globus. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Globus Medical cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Globus Medical's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Globus Medical's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 51.57 | 51.1 |
| Check Globus Medical Volatility | Backtest Globus Medical | Information Ratio |
Globus Medical Trading Date Momentum
| On April 18 2024 Globus Medical was traded for 50.75 at the closing time. The top price for the day was 51.54 and the lowest listed price was 50.65 . The trading volume for the day was 969.6 K. The trading history from April 18, 2024 did not cause price change. The overall trading delta against the current closing price is 0.83% . |
The median price is the midpoint of the trading periods range.
| Compare Globus Medical to competition |
Other Forecasting Options for Globus Medical
For every potential investor in Globus, whether a beginner or expert, Globus Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Globus Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Globus. Basic forecasting techniques help filter out the noise by identifying Globus Medical's price trends.View Globus Medical Related Equities
| Risk & Return | Correlation |
Globus Medical Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Globus Medical's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Globus Medical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Globus Medical Market Strength Events
Market strength indicators help investors to evaluate how Globus Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globus Medical shares will generate the highest return on investment. By undertsting and applying Globus Medical stock market strength indicators, traders can identify Globus Medical entry and exit signals to maximize returns.
| Accumulation Distribution | 16742.41 | |||
| Daily Balance Of Power | (0.51) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 51.1 | |||
| Day Typical Price | 50.98 | |||
| Price Action Indicator | (0.57) | |||
| Period Momentum Indicator | (0.45) | |||
| Relative Strength Index | 32.49 |
Globus Medical Risk Indicators
The analysis of Globus Medical's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Globus Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting globus stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.15 | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.31 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Globus Medical to cross-verify your projections. 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.
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.