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CNMD Stock Analysis

Data source: Trade-Ideas Alerts | 2 alerts analyzed | Backtest period: 2022-06-02 → 2022-10-04

⚠️ Small sample size (2 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

📍 NYSE 📅 IPO: Jul 23, 1987 🔗 www.conmed.com
💰 Market Cap: $1.29B 👥 Employees: 3,900
Conmed Corp is a Utica, New York-based medical equipment company that focuses on sports medicine procedures and general surgeries. The Company's products are used by surgeons and other healthcare professionals in a variety of specialties including orthopedics, general surgery, gynecology, thoracic surgery and gastroenterology. Geographically operates in USA, Europe, Middle East & Africa, Asia Pacific and North America. Majority is revenue is from USA.
📊
2
Total Alerts
🎯
100.0%
Win Rate (5MIN)
💰
+1.27%
Avg Gain (5MIN)
🚀
+4.36%
Avg MFE (Max Potential)

📈 Performance by Timeframe

5MIN

Win Rate: 100.0%
Avg Gain: +1.27%
Avg Winner: +1.27%
Avg Loser: +0.00%
Best: +1.32%
Worst: +1.22%
Trades: 2/0

15MIN

Win Rate: 100.0%
Avg Gain: +2.89%
Avg Winner: +2.89%
Avg Loser: +0.00%
Best: +4.26%
Worst: +1.51%
Trades: 2/0

30MIN

Win Rate: 100.0%
Avg Gain: +2.31%
Avg Winner: +2.31%
Avg Loser: +0.00%
Best: +3.81%
Worst: +0.81%
Trades: 2/0

60MIN

Win Rate: 100.0%
Avg Gain: +2.41%
Avg Winner: +2.41%
Avg Loser: +0.00%
Best: +3.30%
Worst: +1.52%
Trades: 2/0

EOD (End of Day)

Win Rate: 100.0%
Avg Gain: +3.88%
Avg Winner: +3.88%
Avg Loser: +0.00%
Best: +4.31%
Worst: +3.45%
Trades: 2/0

🚀 Max Favorable / Adverse Excursion (MFE/MAE)

Institutional-grade metrics showing the maximum profit potential and risk for each alert.

📈 MFE (Max Profit Potential)

Average MFE: +4.36%
Best MFE: +4.59%
Avg Time to MFE: 204 min

On average, CNMD alerts reach +4.36% profit potential within 204 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: +0.88%
Worst MAE: +0.45%
Avg Time to MAE: 26 min

Before reaching MFE, expect an average drawdown of 0.88%.

⚖️ Risk/Reward Ratio

4.93:1

Excellent risk/reward - potential gain is 4.93x the typical drawdown.

💡 Trading Insight: Based on 2 alerts, CNMD typically reaches +4.36% profit before pulling back. Consider setting profit targets around 3.5% to capture most of the move.

🌅 Premarket Gap Analysis (9:25 → 9:30)

Total Gaps Analyzed 2
Gap Up % 100.0%
Avg Gap +1.49%
Best Gap +1.97%

🏭 Sector Comparison: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS

How CNMD compares to 17 other tickers in the same sector.

5-Min Gain
CNMD: +1.27% Sector: -0.30% +1.57%
EOD Gain
CNMD: +3.88% Sector: +884236.30% -884232.42%
Avg MFE
CNMD: +4.36% Sector: +9.64% -5.28%

📋 Last 20 Alerts

Historical CNMD alerts with performance metrics calculated from 1-minute price data. Each row shows the actual price movement at different timeframes after the alert.

Date Time Price 5min 15min 30min 60min EOD MFE MAE Gap Result
2022-10-04 09:25:00 $81.71 +1.32% +4.26% +3.81% +3.30% +4.31% +4.59% +1.32% +1.97% WIN
2022-06-02 09:25:00 $111.79 +1.22% +1.51% +0.81% +1.52% +3.45% +4.13% +0.45% +1.01% WIN

Table Metrics Explained:

  • 5min/15min/30min/60min/EOD: Price change at each timeframe (calculated from real minute-by-minute data)
  • MFE: Maximum Favorable Excursion - highest profit potential reached during the day
  • MAE: Maximum Adverse Excursion - worst drawdown experienced before reaching MFE
  • Gap: Premarket price gap from 9:25 AM to 9:30 AM market open
  • Result: WIN if 5min change > 0%, LOSS otherwise

🚀 Beat the 100.0% Baseline on CNMD

The 100.0% win rate is just the raw starting point. Launch the app to apply filters (Volume, RSI, Time) and see if you can push CNMD's performance to 75%+.

Optimize CNMD Strategy →

Why Analyze CNMD with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for CNMD. This simulates a true "Gap & Go" entry at pre-market hours (9:25-9:30 AM), avoiding the trap of chasing a stock that has already extended.

💰 Max Potential (MFE) Analysis

How much is left in the move? On winning days, CNMD historically offers an average upside of +4.36% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 CNMD Momentum Personality

With a baseline win rate of 100.0%, CNMD shows strong follow-through, making it a prime candidate for momentum strategies.

⏱️ Optimized Exit Timing

Don't guess when to sell. Our backtests show CNMD performs best on the 5MIN timeframe (Avg Gain: +1.27%), signaling that gains often fade later in the session.