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.
90 Days Market Risk
Chance of Distress in 24 months
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 TrendCheck current 30 days CVS Health correlation with market (DOW)|
β = 0.943
CVS Health Central Daily Price Deviation
CVS Health Technical Analysis
CVS Health Projected Return Density Against MarketConsidering 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
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
|Alpha over DOW||=||0.32|
|Beta against DOW||=||0.94|
CVS Health Return Volatilitythe 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.
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
CVS Health Current Risk Indicators
|Risk Adjusted Performance||0.1908|
|Market Risk Adjusted Performance||0.3195|
|Coefficient Of Variation||522.58|
CVS Health Suggested Diversification Pairs