CVS Health Risk Analysis And Volatility

CVS -- USA Stock  

Earning Report: November 6, 2019  

Macroaxis considers CVS Health very steady given 3 months investment horizon. CVS Health secures Sharpe Ratio (or Efficiency) of 0.1773 which signifies that the organization had 0.1773% of return per unit of volatility over the last 3 months. Our approach towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CVS Health Corporation which you can use to evaluate future volatility of the firm. Please makes use of CVS Health Mean Deviation of 1.14 and Risk Adjusted Performance of 0.1908 to double-check if our risk estimates are consistent with your expectations.
Interest Expense

90 Days Market Risk

Very steady

Chance of Distress in 24 months

Below average

90 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

CVS Health Market Sensitivity

CVS Health returns are very sensitive to returns on the market. As market goes up or down, CVS Health is expected to follow.
3 Months Beta |Analyze CVS Health Demand Trend
Check current 30 days CVS Health correlation with market (DOW)
β = 0.943

CVS Health Central Daily Price Deviation

CVS Health Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. CVS Health Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

CVS Health Projected Return Density Against Market

Considering 30-days investment horizon, CVS Health has beta of 0.943 . This suggests CVS Health Corporation market returns are sensible to returns on the market. As the market goes up or down, CVS Health is expected to follow. Moreover, The company has an alpha of 0.3171 implying that it can potentially generate 0.3171% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Considering 30-days investment horizon, the coefficient of variation of CVS Health is 564.06. The daily returns are destributed with a variance of 2.55 and standard deviation of 1.6. The mean deviation of CVS Health Corporation is currently at 1.16. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
α
Alpha over DOW
=0.32
β
Beta against DOW=0.94
σ
Overall volatility
=1.60
Ir
Information ratio =0.20

CVS Health Return Volatility

the enterprise has volatility of 1.5958% on return distribution over 30 days investment horizon. the entity inherits 0.9886% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

CVS Health Investment Opportunity

CVS Health Corporation has a volatility of 1.6 and is 1.62 times more volatile than DOW. 14  of all equities and portfolios are less risky than CVS Health. Compared to the overall equity markets, volatility of historical daily returns of CVS Health Corporation is lower than 14 () of all global equities and portfolios over the last 30 days. Use CVS Health Corporation to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of CVS Health to be traded at $73.22 in 30 days. . CVS Health returns are very sensitive to returns on the market. As market goes up or down, CVS Health is expected to follow.

CVS Health correlation with market

correlation synergy
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding CVS Health Corp. and equity matching DJI index in the same portfolio.

CVS Health Current Risk Indicators

CVS Health Suggested Diversification Pairs

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