Stryker Stock Market Value

SYK Stock  USD 357.44  1.27  0.35%   
Stryker's market value is the price at which a share of Stryker trades on a public exchange. It measures the collective expectations of Stryker investors about its performance. Stryker is selling for 357.44 as of the 28th of March 2024. This is a -0.35 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 357.44.
With this module, you can estimate the performance of a buy and hold strategy of Stryker and determine expected loss or profit from investing in Stryker over a given investment horizon. Check out Stryker Correlation, Stryker Volatility and Stryker Alpha and Beta module to complement your research on Stryker.
For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
Symbol

Stryker Price To Book Ratio

Is Stryker's industry 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 Stryker. If investors know Stryker 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 Stryker 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
1.027
Dividend Share
3.05
Earnings Share
8.23
Revenue Per Share
53.999
Quarterly Revenue Growth
0.118
The market value of Stryker is measured differently than its book value, which is the value of Stryker that is recorded on the company's balance sheet. Investors also form their own opinion of Stryker's value that differs from its market value or its book value, called intrinsic value, which is Stryker'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 Stryker's market value can be influenced by many factors that don't directly affect Stryker'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 Stryker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stryker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stryker'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.

Stryker '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 Stryker'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 Stryker.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Stryker on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Stryker or generate 0.0% return on investment in Stryker over 30 days. Stryker is related to or competes with Cigna Corp, Definitive Healthcare, Guardant Health, Laboratory, and Mednax. Stryker Corporation operates as a medical technology company More

Stryker 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 Stryker'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 Stryker upside and downside potential and time the market with a certain degree of confidence.

Stryker Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Stryker's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stryker's standard deviation. In reality, there are many statistical measures that can use Stryker historical prices to predict the future Stryker's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stryker's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
355.20356.36357.52
Details
Intrinsic
Valuation
LowRealHigh
321.70360.10361.26
Details
Naive
Forecast
LowNextHigh
356.88358.05359.21
Details
30 Analysts
Consensus
LowTargetHigh
288.55317.09351.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stryker. Your research has to be compared to or analyzed against Stryker's peers to derive any actionable benefits. When done correctly, Stryker's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stryker.

Stryker Backtested Returns

Stryker appears to be very steady, given 3 months investment horizon. Stryker owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Stryker, which you can use to evaluate the volatility of the company. Please review Stryker's Coefficient Of Variation of 373.3, risk adjusted performance of 0.1539, and Semi Deviation of 0.2402 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Stryker holds a performance score of 19. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stryker's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stryker is expected to be smaller as well. Please check Stryker's total risk alpha, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to make a quick decision on whether Stryker's existing price patterns will revert.

Auto-correlation

    
  0.06  

Virtually no predictability

Stryker has virtually no predictability. Overlapping area represents the amount of predictability between Stryker time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Stryker price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Stryker price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test-0.2
Residual Average0.0
Price Variance7.96

Stryker lagged returns against current returns

Autocorrelation, which is Stryker 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 Stryker's stock expected returns. We can calculate the autocorrelation of Stryker returns to help us make a trade decision. For example, suppose you find that Stryker 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  

Stryker 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 Stryker stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stryker stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stryker stock over time.
   Current vs Lagged Prices   
       Timeline  

Stryker Lagged Returns

When evaluating Stryker's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stryker stock have on its future price. Stryker 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, Stryker autocorrelation shows the relationship between Stryker stock current value and its past values and can show if there is a momentum factor associated with investing in Stryker.
   Regressed Prices   
       Timeline  

Stryker Investors Sentiment

The influence of Stryker's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Stryker. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Stryker's public news can be used to forecast risks associated with an investment in Stryker. The trend in average sentiment can be used to explain how an investor holding Stryker can time the market purely based on public headlines and social activities around Stryker. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Stryker's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Stryker's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Stryker's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Stryker.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Stryker in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Stryker's short interest history, or implied volatility extrapolated from Stryker options trading.

Currently Active Assets on Macroaxis

When determining whether Stryker is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Stryker Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Stryker Stock. Highlighted below are key reports to facilitate an investment decision about Stryker Stock:
Check out Stryker Correlation, Stryker Volatility and Stryker Alpha and Beta module to complement your research on Stryker.
For more information on how to buy Stryker Stock please use our How to buy in Stryker Stock guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Stryker's price analysis, check to measure Stryker'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 Stryker is operating at the current time. Most of Stryker's value examination focuses on studying past and present price action to predict the probability of Stryker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stryker's price. Additionally, you may evaluate how the addition of Stryker to your portfolios can decrease your overall portfolio volatility.
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Stryker 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.
A focus of Stryker technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Stryker trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...