GLOBUS MEDICAL-A's market value is the price at which a share of GLOBUS MEDICAL-A trades on a public exchange. It measures the collective expectations of GLOBUS MEDICAL A investors about its performance. GLOBUS MEDICAL-A is trading at 85.50 as of the 9th of January 2025, a 6.21% up since the beginning of the trading day. The stock's lowest day price was 85.5. With this module, you can estimate the performance of a buy and hold strategy of GLOBUS MEDICAL A and determine expected loss or profit from investing in GLOBUS MEDICAL-A over a given investment horizon. Check out GLOBUS MEDICAL-A Correlation, GLOBUS MEDICAL-A Volatility and GLOBUS MEDICAL-A Alpha and Beta module to complement your research on GLOBUS MEDICAL-A.
Please note, there is a significant difference between GLOBUS MEDICAL-A's value and its price as these two are different measures arrived at by different means. Investors typically determine if GLOBUS MEDICAL-A 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-A'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-A '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-A'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-A.
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-A'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 A upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GLOBUS MEDICAL-A's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GLOBUS MEDICAL-A's standard deviation. In reality, there are many statistical measures that can use GLOBUS MEDICAL-A historical prices to predict the future GLOBUS MEDICAL-A's volatility.
GLOBUS MEDICAL-A appears to be very steady, given 3 months investment horizon. GLOBUS MEDICAL A holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of volatility over the last 3 months. By analyzing GLOBUS MEDICAL-A's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize GLOBUS MEDICAL-A's risk adjusted performance of 0.1438, and Market Risk Adjusted Performance of 1.91 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GLOBUS MEDICAL-A holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GLOBUS MEDICAL-A's returns are expected to increase less than the market. However, during the bear market, the loss of holding GLOBUS MEDICAL-A is expected to be smaller as well. Please check GLOBUS MEDICAL-A's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether GLOBUS MEDICAL-A's current trending patterns will revert.
Auto-correlation
-0.06
Very weak reverse predictability
GLOBUS MEDICAL A has very weak reverse predictability. Overlapping area represents the amount of predictability between GLOBUS MEDICAL-A time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. 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 A price movement. The serial correlation of -0.06 indicates that barely 6.0% of current GLOBUS MEDICAL-A price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.06
Spearman Rank Test
0.76
Residual Average
0.0
Price Variance
3.81
GLOBUS MEDICAL A lagged returns against current returns
Autocorrelation, which is GLOBUS MEDICAL-A 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-A's stock expected returns. We can calculate the autocorrelation of GLOBUS MEDICAL-A returns to help us make a trade decision. For example, suppose you find that GLOBUS MEDICAL-A 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-A 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-A stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GLOBUS MEDICAL-A 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-A stock over time.
Current vs Lagged Prices
Timeline
GLOBUS MEDICAL-A Lagged Returns
When evaluating GLOBUS MEDICAL-A's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GLOBUS MEDICAL-A stock have on its future price. GLOBUS MEDICAL-A 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-A autocorrelation shows the relationship between GLOBUS MEDICAL-A stock current value and its past values and can show if there is a momentum factor associated with investing in GLOBUS MEDICAL A.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
GLOBUS MEDICAL-A financial ratios help investors to determine whether GLOBUS Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GLOBUS with respect to the benefits of owning GLOBUS MEDICAL-A security.