Zimmer Biomet Holdings Inc (ZBH)
Zimmer Biomet Holdings Inc. is a leading global medical device company focused on the design, manufacture, and marketing of a comprehensive portfolio of orthopedic reconstructive products, surgical and non-surgical solutions, and related services. Headquartered in Warsaw, Indiana, the company leverages a robust innovation pipeline and strategic partnerships to enhance patient outcomes and drive growth in the orthopedic, surgical, and dental markets. Zimmer Biomet’s commitment to innovation and excellence positions it as a key player in the healthcare industry, addressing the evolving needs of surgeons and healthcare professionals worldwide.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.75% per annum.
- ZBH price at the close of January 16, 2026 was $87.31 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.68% per annum.
- ZBH price at the close of January 16, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ZBH price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 19, 2023
End date: August 6, 2025
a = 5.3193
b = -0.0005
s = 0.0440
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -15.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0440) – 1
= 19.24%
December 19, 2023 calculations
Top border of price channel:
Exp(Y735)
= Exp(a + b × X735 + 2 × s)
= Exp(a + b × 1,064 + 2 × s)
= Exp(5.3193 + -0.0005 × 1,064 + 2 × 0.0440)
= Exp(4.9078)
= $135.34
Bottom border of price channel:
Exp(Y735)
= Exp(a + b × X735 – 2 × s)
= Exp(a + b × 1,064 – 2 × s)
= Exp(5.3193 + -0.0005 × 1,064 – 2 × 0.0440)
= Exp(4.7318)
= $113.50
August 6, 2025 calculations
Top border of price channel:
Exp(Y1,142)
= Exp(a + b × X1,142 + 2 × s)
= Exp(a + b × 1,660 + 2 × s)
= Exp(5.3193 + -0.0005 × 1,660 + 2 × 0.0440)
= Exp(4.6280)
= $102.31
Bottom border of price channel:
Exp(Y1,142)
= Exp(a + b × X1,142 – 2 × s)
= Exp(a + b × 1,660 – 2 × s)
= Exp(5.3193 + -0.0005 × 1,660 – 2 × 0.0440)
= Exp(4.4520)
= $85.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.75% per annum.
- ZBH price at the close of January 16, 2026 was $87.31 and was inside the primary price channel.
Secondary Trend
Start date: May 23, 2024
End date: November 4, 2025
a = 5.0031
b = -0.0002
s = 0.0474
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0474) – 1
= 20.89%
May 23, 2024 calculations
Top border of price channel:
Exp(Y842)
= Exp(a + b × X842 + 2 × s)
= Exp(a + b × 1,220 + 2 × s)
= Exp(5.0031 + -0.0002 × 1,220 + 2 × 0.0474)
= Exp(4.7945)
= $120.85
Bottom border of price channel:
Exp(Y842)
= Exp(a + b × X842 – 2 × s)
= Exp(a + b × 1,220 – 2 × s)
= Exp(5.0031 + -0.0002 × 1,220 – 2 × 0.0474)
= Exp(4.6048)
= $99.97
November 4, 2025 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,750 + 2 × s)
= Exp(5.0031 + -0.0002 × 1,750 + 2 × 0.0474)
= Exp(4.6627)
= $105.92
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,750 – 2 × s)
= Exp(5.0031 + -0.0002 × 1,750 – 2 × 0.0474)
= Exp(4.4730)
= $87.62
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.68% per annum.
- ZBH price at the close of January 16, 2026 was inside the secondary price channel.