Medtronic PLC (Germany) Performance
| 2M6 Stock | EUR 81.07 0.66 0.81% |
Medtronic PLC has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Medtronic PLC are expected to decrease at a much lower rate. During the bear market, Medtronic PLC is likely to outperform the market. Medtronic PLC right now secures a risk of 1.25%. Please verify Medtronic PLC downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Medtronic PLC will be following its current price movements.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Medtronic PLC are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, Medtronic PLC is not utilizing all of its potentials. The newest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
| Fifty Two Week Low | 85.55 | |
| Fifty Two Week High | 114.10 |
Medtronic |
Medtronic PLC Relative Risk vs. Return Landscape
If you would invest 7,905 in Medtronic PLC on September 1, 2024 and sell it today you would earn a total of 202.00 from holding Medtronic PLC or generate 2.56% return on investment over 90 days. Medtronic PLC is generating 0.0465% of daily returns assuming 1.2484% volatility of returns over the 90 days investment horizon. Simply put, 11% of all stocks have less volatile historical return distribution than Medtronic PLC, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Medtronic PLC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medtronic PLC's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Medtronic PLC, and traders can use it to determine the average amount a Medtronic PLC'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 = 0.0372
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| Negative Returns | 2M6 |
Estimated Market Risk
| 1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Medtronic PLC is performing at about 2% 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 Medtronic PLC by adding it to a well-diversified portfolio.
Medtronic PLC Fundamentals Growth
Medtronic Stock prices reflect investors' perceptions of the future prospects and financial health of Medtronic PLC, and Medtronic PLC 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 Medtronic Stock performance.
About Medtronic PLC Performance
By analyzing Medtronic PLC's fundamental ratios, stakeholders can gain valuable insights into Medtronic PLC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Medtronic PLC has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Medtronic PLC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Medtronic PLC performance evaluation
Checking the ongoing alerts about Medtronic PLC for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Medtronic PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Medtronic PLC's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Medtronic PLC's stock performance include:- Analyzing Medtronic PLC'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 Medtronic PLC's stock is overvalued or undervalued compared to its peers.
- Examining Medtronic PLC'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 Medtronic PLC's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Medtronic PLC's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Medtronic PLC's stock. These opinions can provide insight into Medtronic PLC's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Medtronic Stock analysis
When running Medtronic PLC's price analysis, check to measure Medtronic PLC'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 Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.
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