Orthofix Medical Stock Price on March 15, 2024
| OFIX Stock | USD 13.60 0.36 2.72% |
If you're considering investing in Orthofix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orthofix Medical stands at 13.60, as last reported on the 6th of May, with the highest price reaching 13.84 and the lowest price hitting 13.52 during the day. Orthofix Medical maintains Sharpe Ratio (i.e., Efficiency) of -0.0228, which implies the firm had a -0.0228% return per unit of risk over the last 3 months. Orthofix Medical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orthofix Medical's Coefficient Of Variation of (4,381), risk adjusted performance of (0.01), and Variance of 6.91 to confirm the risk estimate we provide.
Orthofix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Orthofix |
Sharpe Ratio = -0.0228
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| Negative Returns | OFIX |
Estimated Market Risk
| 2.63 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Orthofix Medical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Orthofix Medical by adding Orthofix Medical to a well-diversified portfolio.
Orthofix Medical Valuation on March 15, 2024
It is possible to determine the worth of Orthofix Medical on a given historical date. On March 15, 2024 Orthofix was worth 13.67 at the beginning of the trading date compared to the closed value of 13.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orthofix Medical stock. Still, in general, we apply an absolute valuation method to find Orthofix Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Orthofix Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orthofix Medical's related companies.
| Open | High | Low | Close | Volume | |
| 14.35 | 14.35 | 13.71 | 13.82 | 365,808 | |
03/15/2024 | 13.67 | 13.80 | 13.05 | 13.74 | 951,017 |
| 13.80 | 13.89 | 13.31 | 13.31 | 328,538 |
| Backtest Orthofix Medical | | | Orthofix Medical History | | | Orthofix Medical Valuation | Previous | Next |
Orthofix Medical Trading Date Momentum on March 15, 2024
| On March 18 2024 Orthofix Medical was traded for 13.31 at the closing time. The top price for the day was 13.89 and the lowest listed price was 13.31 . The trading volume for the day was 328.5 K. The trading history from March 18, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.13% . The trading delta at closing time against the current closing price is 0.15% . |
Orthofix Medical Fundamentals Correlations and Trends
By evaluating Orthofix Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Orthofix Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orthofix financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Orthofix Medical Stock history
Orthofix Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Orthofix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orthofix Medical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Orthofix Medical stock prices may prove useful in developing a viable investing in Orthofix Medical
Orthofix Medical Inc. operates as a medical device and biologics company in the United States, Italy, Germany, France, the United Kingdom, Brazil, and internationally. Orthofix Medical Inc. was founded in 1980 and is headquartered in Lewisville, Texas. Orthofix Intl operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 1087 people.
Orthofix Medical Stock Technical Analysis
Orthofix 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.
Price Boundaries
Orthofix Medical Period Price Range
Low | March 15, 2024
| High |
13.67 | 13.74 |
Orthofix Medical May 6, 2024 Market Strength
Market strength indicators help investors to evaluate how Orthofix Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orthofix Medical shares will generate the highest return on investment. By undertsting and applying Orthofix Medical stock market strength indicators, traders can identify Orthofix Medical entry and exit signals to maximize returns
| Accumulation Distribution | 51685.71 | |||
| Daily Balance Of Power | 0.0933 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 13.43 | |||
| Day Typical Price | 13.53 | |||
| Price Action Indicator | 0.35 | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 37.55 |
Orthofix Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Orthofix Medical's price direction in advance. Along with the technical and fundamental analysis of Orthofix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orthofix to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.635 |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Orthofix Medical's price analysis, check to measure Orthofix Medical'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 Orthofix Medical is operating at the current time. Most of Orthofix Medical's value examination focuses on studying past and present price action to predict the probability of Orthofix Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orthofix Medical's price. Additionally, you may evaluate how the addition of Orthofix Medical to your portfolios can decrease your overall portfolio volatility.
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Is Orthofix Medical'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 Orthofix Medical. If investors know Orthofix 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 Orthofix Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Orthofix Medical is measured differently than its book value, which is the value of Orthofix that is recorded on the company's balance sheet. Investors also form their own opinion of Orthofix Medical's value that differs from its market value or its book value, called intrinsic value, which is Orthofix 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 Orthofix Medical's market value can be influenced by many factors that don't directly affect Orthofix 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 Orthofix Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orthofix Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orthofix 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.