Medtronic Plc Stock Market Value

MDT Stock  USD 87.15  0.23  0.26%   
Medtronic PLC's market value is the price at which a share of Medtronic PLC trades on a public exchange. It measures the collective expectations of Medtronic PLC investors about its performance. Medtronic PLC is selling for under 87.15 as of the 28th of March 2024; that is 0.26 percent up since the beginning of the trading day. The stock's last reported lowest price was 86.93.
With this module, you can estimate the performance of a buy and hold strategy of Medtronic PLC and determine expected loss or profit from investing in Medtronic PLC over a given investment horizon. Check out Medtronic PLC Correlation, Medtronic PLC Volatility and Medtronic PLC Alpha and Beta module to complement your research on Medtronic PLC.
For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.
Symbol

Medtronic PLC Price To Book Ratio

Is Medtronic PLC'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 Medtronic PLC. If investors know Medtronic 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 Medtronic PLC 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
0.078
Dividend Share
2.75
Earnings Share
3.15
Revenue Per Share
24.298
Quarterly Revenue Growth
0.047
The market value of Medtronic PLC is measured differently than its book value, which is the value of Medtronic that is recorded on the company's balance sheet. Investors also form their own opinion of Medtronic PLC's value that differs from its market value or its book value, called intrinsic value, which is Medtronic PLC'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 Medtronic PLC's market value can be influenced by many factors that don't directly affect Medtronic PLC'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 Medtronic PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Medtronic PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Medtronic PLC'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.

Medtronic PLC '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 Medtronic PLC'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 Medtronic PLC.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Medtronic PLC on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Medtronic PLC or generate 0.0% return on investment in Medtronic PLC over 720 days. Medtronic PLC is related to or competes with Spectral, Edwards Lifesciences, Medigus, Outset MedicalInc, Monogram Orthopaedics, Venus Concept, and Modular Medical. Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinic... More

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

Medtronic PLC Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Medtronic PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medtronic PLC's standard deviation. In reality, there are many statistical measures that can use Medtronic PLC historical prices to predict the future Medtronic PLC's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medtronic PLC'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
86.1587.1588.15
Details
Intrinsic
Valuation
LowRealHigh
84.9685.9695.87
Details
Naive
Forecast
LowNextHigh
85.5986.5987.59
Details
33 Analysts
Consensus
LowTargetHigh
82.3090.44100.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Medtronic PLC. Your research has to be compared to or analyzed against Medtronic PLC's peers to derive any actionable benefits. When done correctly, Medtronic PLC'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 Medtronic PLC.

Medtronic PLC Backtested Returns

We consider Medtronic PLC very steady. Medtronic PLC has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Medtronic PLC, which you can use to evaluate the volatility of the firm. Please verify Medtronic PLC's Downside Deviation of 0.9797, risk adjusted performance of 0.0677, and Mean Deviation of 0.6832 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Medtronic PLC has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.78, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Medtronic PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Medtronic PLC is expected to be smaller as well. Medtronic PLC right now secures a risk of 1.0%. Please verify Medtronic PLC value at risk, and the relationship between the jensen alpha and skewness , to decide if Medtronic PLC will be following its current price movements.

Auto-correlation

    
  0.25  

Poor predictability

Medtronic PLC has poor predictability. Overlapping area represents the amount of predictability between Medtronic PLC time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 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 Medtronic PLC price movement. The serial correlation of 0.25 indicates that over 25.0% of current Medtronic PLC price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.01
Residual Average0.0
Price Variance24.16

Medtronic PLC lagged returns against current returns

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

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

Medtronic PLC Lagged Returns

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

Medtronic PLC Investors Sentiment

The influence of Medtronic PLC'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 Medtronic. 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 Medtronic PLC's public news can be used to forecast risks associated with an investment in Medtronic. The trend in average sentiment can be used to explain how an investor holding Medtronic can time the market purely based on public headlines and social activities around Medtronic PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Medtronic PLC'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 Medtronic PLC'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 Medtronic PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Medtronic PLC.

Medtronic PLC Implied Volatility

    
  14.86  
Medtronic PLC's implied volatility exposes the market's sentiment of Medtronic PLC stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Medtronic PLC's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Medtronic PLC stock will not fluctuate a lot when Medtronic PLC's options are near their expiration.
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 Medtronic PLC 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, Medtronic PLC's short interest history, or implied volatility extrapolated from Medtronic PLC options trading.

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When determining whether Medtronic PLC 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 Medtronic 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 Medtronic Plc Stock. Highlighted below are key reports to facilitate an investment decision about Medtronic Plc Stock:
Check out Medtronic PLC Correlation, Medtronic PLC Volatility and Medtronic PLC Alpha and Beta module to complement your research on Medtronic PLC.
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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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.
A focus of Medtronic PLC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Medtronic PLC 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...