ResMed (NYSE:RMD) has outperformed the market over the past 20 years by 6.51% on an annualized basis producing an average annual return of 14.82%. Currently, ResMed has a market capitalization of $29.14 billion.
Buying $1000 In RMD: If an investor had bought $1000 of RMD stock 20 years ago, it would be worth $15,784.26 today based on a price of $198.38 for RMD at the time of writing.
ResMed's Performance Over Last 20 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.