Global Medical Reit Stock Price on June 6, 2024
| GMRE Stock | USD 10.14 0.01 0.1% |
Below is the normalized historical share price chart for Global Medical REIT extending back to June 21, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Global Medical stands at 10.14, as last reported on the 19th of September, with the highest price reaching 10.37 and the lowest price hitting 10.14 during the day.
If you're considering investing in Global Stock, it is important to understand the factors that can impact its price. Global Medical appears to be not too volatile, given 3 months investment horizon. Global Medical REIT holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Medical REIT, which you can use to evaluate the volatility of the firm. Please utilize Global Medical's Downside Deviation of 1.61, risk adjusted performance of 0.1185, and Market Risk Adjusted Performance of 0.1964 to validate if our risk estimates are consistent with your expectations.
At present, Global Medical's Common Stock Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 1.3 B, whereas Capital Stock is forecasted to decline to about 82.5 M. . At present, Global Medical's Price Book Value Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 11.16, whereas Price Earnings To Growth Ratio is projected to grow to (0.07). Global Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of June 2016 | 200 Day MA 9.3753 | 50 Day MA 9.3798 | Beta 1.273 |
Global |
Sharpe Ratio = 0.152
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Estimated Market Risk
| 1.57 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Global Medical is performing at about 11% of its full potential. 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 Global Medical by adding it to a well-diversified portfolio.
Price Book 1.3826 | Enterprise Value Ebitda 14.9224 | Price Sales 4.8257 | Shares Float 61.8 M | Dividend Share 0.84 |
Global Medical Valuation on June 6, 2024
It is possible to determine the worth of Global Medical on a given historical date. On June 6, 2024 Global was worth 9.02 at the beginning of the trading date compared to the closed value of 8.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global Medical stock. Still, in general, we apply an absolute valuation method to find Global Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Global Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global Medical's related companies.
| Open | High | Low | Close | Volume | |
| 9.06 | 9.13 | 9.03 | 9.08 | 296,905 | |
06/06/2024 | 9.02 | 9.08 | 8.96 | 8.98 | 539,322 |
| 8.87 | 8.87 | 8.77 | 8.81 | 408,353 |
| Backtest Global Medical | | | Global Medical History | | | Global Medical Valuation | Previous | Next |
Global Medical Trading Date Momentum on June 6, 2024
| On June 07 2024 Global Medical REIT was traded for 8.81 at the closing time. The top price for the day was 8.87 and the lowest listed price was 8.77 . The trading volume for the day was 408.4 K. The trading history from June 7, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.89% . The overall trading delta against the current closing price is 1.89% . |
Global Medical REIT Fundamentals Correlations and Trends
By evaluating Global Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Global Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global Medical Stock history
Global Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global Medical REIT will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Global Medical stock prices may prove useful in developing a viable investing in Global Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 65.5 M | 68.8 M | |
| Net Income Applicable To Common Shares | 15.3 M | 16.1 M |
Global Medical Stock Technical Analysis
Global 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.
Price Boundaries
Global Medical Period Price Range
Low | September 19, 2024
| High |
0.00 | 0.00 |
Global Medical REIT cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Global Medical September 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Global 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 Global Medical shares will generate the highest return on investment. By undertsting and applying Global Medical stock market strength indicators, traders can identify Global Medical REIT entry and exit signals to maximize returns
Global Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global Medical's price direction in advance. Along with the technical and fundamental analysis of Global Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1185 | |||
| Jensen Alpha | 0.095 | |||
| Total Risk Alpha | 0.0098 | |||
| Sortino Ratio | 0.0686 | |||
| Treynor Ratio | 0.1864 |
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Complementary Tools for Global Stock analysis
When running Global Medical's price analysis, check to measure Global 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 Global Medical is operating at the current time. Most of Global Medical's value examination focuses on studying past and present price action to predict the probability of Global 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 Global Medical's price. Additionally, you may evaluate how the addition of Global Medical to your portfolios can decrease your overall portfolio volatility.
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