GLOBUS MEDICAL (Germany) Price on November 8, 2024
| GM0N Stock | EUR 78.00 2.00 2.50% |
If you're considering investing in GLOBUS Stock, it is important to understand the factors that can impact its price. As of today, the current price of GLOBUS MEDICAL stands at 78.00, as last reported on the 22nd of December, with the highest price reaching 78.00 and the lowest price hitting 78.00 during the day. GLOBUS MEDICAL appears to be very steady, given 3 months investment horizon. GLOBUS MEDICAL A holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for GLOBUS MEDICAL A, which you can use to evaluate the volatility of the firm. Please utilize GLOBUS MEDICAL's risk adjusted performance of 0.1303, and Market Risk Adjusted Performance of (1.15) to validate if our risk estimates are consistent with your expectations.
GLOBUS Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
GLOBUS |
Sharpe Ratio = 0.1563
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Estimated Market Risk
| 2.22 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average GLOBUS MEDICAL is performing at about 12% 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 GLOBUS MEDICAL by adding it to a well-diversified portfolio.
GLOBUS MEDICAL Valuation on November 8, 2024
It is possible to determine the worth of GLOBUS MEDICAL on a given historical date. On November 8, 2024 GLOBUS was worth 76.0 at the beginning of the trading date compared to the closed value of 76.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GLOBUS MEDICAL stock. Still, in general, we apply an absolute valuation method to find GLOBUS 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 GLOBUS MEDICAL where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GLOBUS MEDICAL's related companies.
| Open | High | Low | Close | Volume | |
| 73.00 | 73.00 | 73.00 | 73.00 | 1.00 | |
11/08/2024 | 76.00 | 76.00 | 76.00 | 76.00 | 1.00 |
| 75.50 | 75.50 | 75.50 | 75.50 | 1.00 |
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GLOBUS MEDICAL Trading Date Momentum on November 8, 2024
| On November 11 2024 GLOBUS MEDICAL A was traded for 75.50 at the closing time. The highest price during the trading period was 75.50 and the lowest recorded bid was listed for 75.50 . There was no trading activity during the period 1.0. Lack of trading volume on November 11, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.66% . The overall trading delta to the current price is 1.32% . |
GLOBUS MEDICAL A Fundamentals Correlations and Trends
By evaluating GLOBUS 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 GLOBUS MEDICAL's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GLOBUS financial account trend analysis is a perfect complement when working with valuation or volatility modules.About GLOBUS MEDICAL Stock history
GLOBUS 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 GLOBUS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GLOBUS MEDICAL A 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 GLOBUS MEDICAL stock prices may prove useful in developing a viable investing in GLOBUS MEDICAL
GLOBUS MEDICAL Stock Technical Analysis
GLOBUS 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
GLOBUS MEDICAL Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
GLOBUS MEDICAL A cannot be verified against its exchange. Please verify the symbol is currently traded on Berlin 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.
GLOBUS MEDICAL December 22, 2024 Market Strength
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 A entry and exit signals to maximize returns
GLOBUS MEDICAL Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GLOBUS MEDICAL's price direction in advance. Along with the technical and fundamental analysis of GLOBUS Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of GLOBUS 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 | 0.1303 | |||
| Jensen Alpha | 0.3441 | |||
| Total Risk Alpha | 0.2754 | |||
| Sortino Ratio | 0.178 | |||
| Treynor Ratio | (1.16) |
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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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