Conmed Stock Price on January 6, 2025

CNMD Stock  USD 71.78  0.92  1.30%   
If you're considering investing in CONMED Stock, it is important to understand the factors that can impact its price. As of today, the current price of CONMED stands at 71.78, as last reported on the 3rd of February, with the highest price reaching 72.93 and the lowest price hitting 70.15 during the day. CONMED secures Sharpe Ratio (or Efficiency) of -0.0129, which signifies that the company had a -0.0129 % return per unit of risk over the last 3 months. CONMED exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONMED's mean deviation of 1.51, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide.
  
CONMED Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0129

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Estimated Market Risk

 2.0
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average CONMED 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 CONMED by adding CONMED to a well-diversified portfolio.

CONMED Valuation on January 6, 2025

It is possible to determine the worth of CONMED on a given historical date. On January 6, 2025 CONMED was worth 68.23 at the beginning of the trading date compared to the closed value of 68.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CONMED stock. Still, in general, we apply an absolute valuation method to find CONMED'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 CONMED where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CONMED's related companies.
 Open High Low Close Volume
  67.49    68.22    65.83    67.95    289,913  
01/06/2025
  68.23    70.06    67.65    68.58    363,025  
  68.66    70.99    67.96    68.54    314,434  
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Open Value
68.23
68.58
Closing Value
74.23
Upside

CONMED Trading Date Momentum on January 6, 2025

On January 07 2025 CONMED was traded for  68.54  at the closing time. The top price for the day was 70.99  and the lowest listed price was  67.96 . The trading volume for the day was 314.4 K. The trading history from January 7, 2025 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.06% . The overall trading delta against the current closing price is 0.92% .

CONMED Fundamentals Correlations and Trends

By evaluating CONMED'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 CONMED's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CONMED financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About CONMED Stock history

CONMED 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 CONMED is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CONMED 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 CONMED stock prices may prove useful in developing a viable investing in CONMED
CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for surgical procedures worldwide. CONMED Corporation was incorporated in 1970 and is headquartered in Largo, Florida. C O operates under Medical Devices classification in the United States and is traded on New York Stock Exchange. It employs 3800 people.

CONMED Stock Technical Analysis

CONMED 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 CONMED technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CONMED 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...

Price Boundaries

CONMED Period Price Range

Low
February 3, 2025
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High

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CONMED 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.

CONMED February 3, 2025 Market Strength

Market strength indicators help investors to evaluate how CONMED stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CONMED shares will generate the highest return on investment. By undertsting and applying CONMED stock market strength indicators, traders can identify CONMED entry and exit signals to maximize returns

CONMED Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for CONMED's price direction in advance. Along with the technical and fundamental analysis of CONMED Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CONMED 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.

Complementary Tools for CONMED Stock analysis

When running CONMED's price analysis, check to measure CONMED'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 CONMED is operating at the current time. Most of CONMED's value examination focuses on studying past and present price action to predict the probability of CONMED's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CONMED's price. Additionally, you may evaluate how the addition of CONMED to your portfolios can decrease your overall portfolio volatility.
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