Zimmer Biomet Holdings Stock Alpha and Beta Analysis
ZBH Stock | USD 119.33 1.97 1.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Zimmer Biomet Holdings. It also helps investors analyze the systematic and unsystematic risks associated with investing in Zimmer Biomet over a specified time horizon. Remember, high Zimmer Biomet'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 Zimmer Biomet's market risk premium analysis include:
Beta 1.01 | Alpha (0.1) | Risk 1.34 | Sharpe Ratio (0.02) | Expected Return (0.03) |
Zimmer Biomet Quarterly Cash And Equivalents |
|
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.
Zimmer |
Zimmer Biomet Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Zimmer Biomet market risk premium is the additional return an investor will receive from holding Zimmer Biomet 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 Zimmer Biomet. 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 Zimmer Biomet's performance over market.α | -0.1 | β | 1.01 |
Zimmer Biomet 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 Zimmer Biomet's Buy-and-hold return. Our buy-and-hold chart shows how Zimmer Biomet performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Zimmer Biomet Market Price Analysis
Market price analysis indicators help investors to evaluate how Zimmer Biomet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Zimmer Biomet shares will generate the highest return on investment. By understating and applying Zimmer Biomet stock market price indicators, traders can identify Zimmer Biomet position entry and exit signals to maximize returns.
Zimmer Biomet Return and Market Media
The median price of Zimmer Biomet for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 125.61 with a coefficient of variation of 2.21. The daily time series for the period is distributed with a sample standard deviation of 2.78, arithmetic mean of 125.44, and mean deviation of 2.26. The Stock received a lot of media exposure during the period. Price Growth (%) |
Timeline |
Zimmer Biomet dividend paid on 31st of January 2024 | 01/31/2024 |
1 | Acquisition by Rachel Ellingson of 4697 shares of Zimmer Biomet subject to Rule 16b-3 | 02/20/2024 |
2 | Zimmer Biomet wins FDA clearance for ROSA Shoulder System | 02/22/2024 |
3 | Disposition of 2052 shares by Sang Yi of Zimmer Biomet subject to Rule 16b-3 | 03/01/2024 |
4 | Disposition of tradable shares by Lori Winkler of Zimmer Biomet at 124.28 subject to Rule 16b-3 | 03/05/2024 |
5 | China Dental Market Analysis, Size and Forecasts Report 2024 A 115 Billion Industry by 2030, Driven by Rising Geriatric Population, Poor Oral Health Epidemic, a... | 03/22/2024 |
6 | Global Electrosurgery Market Report 2024 Market to Reach 8.99 Billion by 2031 - In-Depth Analysis of Products, Surgeries, and End User Demand Forecasts | 03/25/2024 |
7 | 3M completes Solventum healthcare business spinoff | 04/01/2024 |
8 | Zimmer Biomet Holdings, Inc.s Has Had A Decent Run On The Stock market Are Fundamentals In The Drivers Seat | 04/02/2024 |
9 | Zimmer Biomet Becomes First and Only Official Medical Device Partner of Association of Pickleball Players, Professional Pickleball Association, and USA Pickleba... | 04/04/2024 |
10 | Why Zimmer Biomet is a Top Value Stock for the Long-Term | 04/10/2024 |
11 | SmithNephew Expands in Australia With New Alliance | 04/11/2024 |
12 | Zimmer Biomet Holdings NYSEZBH investor three-year losses grow to 26 percent as the stock sheds US1.5b this past week | 04/17/2024 |
About Zimmer Biomet 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 Zimmer or other stocks. Alpha measures the amount that position in Zimmer Biomet Holdings 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.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.007711 | 0.007504 | 0.007872 | 0.0156 | Price To Sales Ratio | 3.8 | 3.86 | 3.45 | 4.51 |
Zimmer Biomet Upcoming Company Events
As portrayed in its financial statements, the presentation of Zimmer Biomet's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Zimmer Biomet's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Zimmer Biomet's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Zimmer Biomet. Please utilize our Beneish M Score to check the likelihood of Zimmer Biomet's management manipulating its earnings.
8th of February 2024 Upcoming Quarterly Report | View | |
7th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
8th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Zimmer Biomet
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Zimmer Biomet Backtesting, Zimmer Biomet Valuation, Zimmer Biomet Correlation, Zimmer Biomet Hype Analysis, Zimmer Biomet Volatility, Zimmer Biomet History and analyze Zimmer Biomet Performance. Note that the Zimmer Biomet Holdings information on this page should be used as a complementary analysis to other Zimmer Biomet'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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Zimmer Stock analysis
When running Zimmer Biomet's price analysis, check to measure Zimmer Biomet'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 Zimmer Biomet is operating at the current time. Most of Zimmer Biomet's value examination focuses on studying past and present price action to predict the probability of Zimmer Biomet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zimmer Biomet's price. Additionally, you may evaluate how the addition of Zimmer Biomet to your portfolios can decrease your overall portfolio volatility.
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Zimmer Biomet 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.