GLOBUS MEDICAL (Germany) Market Value
| GM0N Stock | EUR 78.00 2.00 2.50% |
| Symbol | GLOBUS |
GLOBUS MEDICAL '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'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.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in GLOBUS MEDICAL on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding GLOBUS MEDICAL A or generate 0.0% return on investment in GLOBUS MEDICAL over 180 days. GLOBUS MEDICAL is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
GLOBUS MEDICAL Upside/Downside Indicators
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'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.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.1418 | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.9 |
GLOBUS MEDICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GLOBUS MEDICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GLOBUS MEDICAL's standard deviation. In reality, there are many statistical measures that can use GLOBUS MEDICAL historical prices to predict the future GLOBUS MEDICAL's volatility.| Risk Adjusted Performance | 0.1303 | |||
| Jensen Alpha | 0.3441 | |||
| Total Risk Alpha | 0.2754 | |||
| Sortino Ratio | 0.178 | |||
| Treynor Ratio | (1.16) |
GLOBUS MEDICAL A Backtested Returns
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 market risk adjusted performance of (1.15), and Risk Adjusted Performance of 0.1303 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GLOBUS MEDICAL holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GLOBUS MEDICAL are expected to decrease at a much lower rate. During the bear market, GLOBUS MEDICAL is likely to outperform the market. Please check GLOBUS MEDICAL's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether GLOBUS MEDICAL's current trending patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
GLOBUS MEDICAL A has weak reverse predictability. Overlapping area represents the amount of predictability between GLOBUS MEDICAL time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 2024. 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 -0.24 indicates that over 24.0% of current GLOBUS MEDICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 44.09 |
GLOBUS MEDICAL A lagged returns against current returns
Autocorrelation, which is GLOBUS MEDICAL 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's stock expected returns. We can calculate the autocorrelation of GLOBUS MEDICAL returns to help us make a trade decision. For example, suppose you find that GLOBUS MEDICAL 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GLOBUS MEDICAL 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 stock over time.
Current vs Lagged Prices |
| Timeline |
GLOBUS MEDICAL Lagged Returns
When evaluating GLOBUS MEDICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GLOBUS MEDICAL stock have on its future price. GLOBUS MEDICAL 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 autocorrelation shows the relationship between GLOBUS MEDICAL 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.Other Information on Investing in GLOBUS Stock
GLOBUS MEDICAL 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 security.