Zimvie Inc Stock Market Value
| ZIMV Stock | USD 13.87 0.28 1.98% |
| Symbol | ZimVie |
ZimVie Inc Price To Book Ratio
Is Health Care Equipment & Supplies 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 ZimVie. If investors know ZimVie 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 ZimVie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.04) | Revenue Per Share 16.845 | Quarterly Revenue Growth (0.01) | Return On Assets (0) | Return On Equity (0.1) |
The market value of ZimVie Inc is measured differently than its book value, which is the value of ZimVie that is recorded on the company's balance sheet. Investors also form their own opinion of ZimVie's value that differs from its market value or its book value, called intrinsic value, which is ZimVie'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 ZimVie's market value can be influenced by many factors that don't directly affect ZimVie'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 ZimVie's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZimVie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZimVie'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.
ZimVie '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 ZimVie'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 ZimVie.
| 09/25/2024 |
| 10/25/2024 |
If you would invest 0.00 in ZimVie on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding ZimVie Inc or generate 0.0% return on investment in ZimVie over 30 days. ZimVie is related to or competes with Neuropace, Electromed, Orthopediatrics Corp, and Avita Medical. ZimVie Inc., a medical technology company, develops, manufactures, and delivers a portfolio of products and solutions de... More
ZimVie 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 ZimVie'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 ZimVie Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 3.94 |
ZimVie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZimVie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZimVie's standard deviation. In reality, there are many statistical measures that can use ZimVie historical prices to predict the future ZimVie's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZimVie'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.
ZimVie Inc Backtested Returns
ZimVie Inc shows Sharpe Ratio of -0.2, which attests that the company had a -0.2% return per unit of risk over the last 3 months. ZimVie Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ZimVie's Mean Deviation of 2.1, market risk adjusted performance of (0.24), and Standard Deviation of 2.96 to validate the risk estimate we provide. The firm maintains a market beta of 2.44, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ZimVie will likely underperform. At this point, ZimVie Inc has a negative expected return of -0.59%. Please make sure to check out ZimVie's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if ZimVie Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
ZimVie Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between ZimVie time series from 25th of September 2024 to 10th of October 2024 and 10th of October 2024 to 25th of October 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 ZimVie Inc price movement. The serial correlation of -0.12 indicates that less than 12.0% of current ZimVie price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
ZimVie Inc lagged returns against current returns
Autocorrelation, which is ZimVie 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 ZimVie's stock expected returns. We can calculate the autocorrelation of ZimVie returns to help us make a trade decision. For example, suppose you find that ZimVie 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 |
ZimVie 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 ZimVie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZimVie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZimVie stock over time.
Current vs Lagged Prices |
| Timeline |
ZimVie Lagged Returns
When evaluating ZimVie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZimVie stock have on its future price. ZimVie 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, ZimVie autocorrelation shows the relationship between ZimVie stock current value and its past values and can show if there is a momentum factor associated with investing in ZimVie Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ZimVie Stock Analysis
When running ZimVie's price analysis, check to measure ZimVie'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 ZimVie is operating at the current time. Most of ZimVie's value examination focuses on studying past and present price action to predict the probability of ZimVie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZimVie's price. Additionally, you may evaluate how the addition of ZimVie to your portfolios can decrease your overall portfolio volatility.