Medtronic Plc Stock Alpha and Beta Analysis
| MDT Stock | USD 79.48 0.29 0.37% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Medtronic PLC. It also helps investors analyze the systematic and unsystematic risks associated with investing in Medtronic PLC over a specified time horizon. Remember, high Medtronic PLC's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Medtronic PLC's market risk premium analysis include:
Beta 0.94 | Alpha (0.18) | Risk 1.1 | Sharpe Ratio (0.11) | Expected Return (0.12) |
Medtronic PLC Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Medtronic |
Medtronic PLC Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Medtronic PLC market risk premium is the additional return an investor will receive from holding Medtronic PLC long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Medtronic PLC. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Medtronic PLC's performance over market.| α | -0.18 | β | 0.94 |
Medtronic PLC expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Medtronic PLC's Buy-and-hold return. Our buy-and-hold chart shows how Medtronic PLC performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Medtronic PLC Market Price Analysis
Market price analysis indicators help investors to evaluate how Medtronic PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medtronic PLC shares will generate the highest return on investment. By understating and applying Medtronic PLC stock market price indicators, traders can identify Medtronic PLC position entry and exit signals to maximize returns.
Medtronic PLC Return and Market Media
The median price of Medtronic PLC for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 84.37 with a coefficient of variation of 2.27. The daily time series for the period is distributed with a sample standard deviation of 1.91, arithmetic mean of 84.23, and mean deviation of 1.46. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Enterprise Connect 2024 Brought the Enterprise Communications and Customer Experience Community Together to Improve Business CommunicationsCX | 03/28/2024 |
2 | Medtronic Registers a Bigger Fall Than the Market Important Facts to Note | 04/04/2024 |
3 | mHealth Market size worth 122.50 Billion, Globally, by 2031 at 10.54 percent CAGR Report By Verified Market Research | 04/08/2024 |
4 | ModMed Medtronic Collaborate to Drive Efficiencies in Documenting Colonoscopies Using AI | 04/10/2024 |
5 | Advanced Wound Care Management Market Growth Prospects, Business Strategy 2024 and Forecast to 2031 Medtronic, Omeza | 04/11/2024 |
| Medtronic PLC dividend paid on 12th of April 2024 | 04/12/2024 |
7 | Medtronic survey reveals barriers to womens heart health care | 04/15/2024 |
8 | Medtronic Stock Sinks As Market Gains What You Should Know | 04/16/2024 |
9 | 10 new, innovative medical devices to watch for in 2024 | 04/18/2024 |
About Medtronic PLC Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Medtronic or other stocks. Alpha measures the amount that position in Medtronic PLC has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2015 | 2020 | 2023 | 2024 (projected) | Dividend Yield | 0.0217 | 0.0299 | 0.0177 | 0.0105 | Price To Sales Ratio | 4.6 | 3.87 | 5.85 | 5.34 |
Medtronic PLC Upcoming Company Events
As portrayed in its financial statements, the presentation of Medtronic PLC's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Medtronic PLC's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Medtronic PLC's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Medtronic PLC. Please utilize our Beneish M Score to check the likelihood of Medtronic PLC's management manipulating its earnings.
| 20th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 23rd of May 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 30th of April 2023 Last Financial Announcement | View |
Build Portfolio with Medtronic PLC
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Check out Medtronic PLC Backtesting, Medtronic PLC Valuation, Medtronic PLC Correlation, Medtronic PLC Hype Analysis, Medtronic PLC Volatility, Medtronic PLC History and analyze Medtronic PLC Performance. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.Note that the Medtronic PLC information on this page should be used as a complementary analysis to other Medtronic PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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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Medtronic PLC 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.