Global Medical Reit Stock Market Value
| GMRE Stock | USD 8.89 0.03 0.34% |
| Symbol | Global |
Global Medical REIT Price To Book Ratio
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Global Medical. If investors know Global will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Global Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.43) | Dividend Share 0.84 | Earnings Share (0.02) | Revenue Per Share 2.082 | Quarterly Revenue Growth (0.04) |
The market value of Global Medical REIT is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global Medical's value that differs from its market value or its book value, called intrinsic value, which is Global Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global Medical's market value can be influenced by many factors that don't directly affect Global Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Medical'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.
Global 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 Global 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 Global Medical.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Global Medical on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Global Medical REIT or generate 0.0% return on investment in Global Medical over 540 days. Global Medical is related to or competes with LTC Properties, Omega Healthcare, Ventas, and Community Healthcare. Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities ... More
Global 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 Global 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 Global Medical REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 1.84 |
Global Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Medical's standard deviation. In reality, there are many statistical measures that can use Global Medical historical prices to predict the future Global Medical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.14) |
Global Medical REIT Backtested Returns
Global Medical REIT holds Efficiency (Sharpe) Ratio of -0.019, which attests that the entity had a -0.019% return per unit of risk over the last 3 months. Global Medical REIT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Medical's Standard Deviation of 1.3, market risk adjusted performance of (0.13), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Medical is expected to be smaller as well. At this point, Global Medical REIT has a negative expected return of -0.0247%. Please make sure to check out Global Medical's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Global Medical REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Global Medical REIT has average predictability. Overlapping area represents the amount of predictability between Global Medical time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Global Medical REIT price movement. The serial correlation of 0.46 indicates that about 46.0% of current Global Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Global Medical REIT lagged returns against current returns
Autocorrelation, which is Global 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 Global Medical's stock expected returns. We can calculate the autocorrelation of Global Medical returns to help us make a trade decision. For example, suppose you find that Global 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 |
Global 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 Global Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Global Medical Lagged Returns
When evaluating Global Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Medical stock have on its future price. Global 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, Global Medical autocorrelation shows the relationship between Global Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Global Medical REIT.
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.When determining whether Global Medical REIT is a strong investment it is important to analyze Global Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global Medical's future performance. For an informed investment choice regarding Global Stock, refer to the following important reports:Check out Global Medical Correlation, Global Medical Volatility and Global Medical Alpha and Beta module to complement your research on Global Medical. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Global 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.