CVS Health Probability of Target Price Finishing Over 74.190875

CVS -- USA Stock  

Buyout Trend

CVS Health probability of target price tool provides mechanism to make assumptions about upside and downside potential of CVS Health Corporation performance during a given time horizon utilizing its historical volatility. Please specify CVS Health time horizon, a valid symbol (red box) and a target price (blue box) you would like CVS Health odds to be computed. Check also CVS Health Backtesting, CVS Health Valuation, CVS Health Correlation, CVS Health Hype Analysis, CVS Health Volatility, CVS Health History as well as CVS Health Performance.
Horizon     30 Days    Login   to change
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CVS Health Target Price Odds to finish over 74.190875

Current PriceHorizonTarget PriceOdds to stay above $ 74.19  in 30 days
 74.72 30 days 74.19 
near 1
Based on normal probability distribution, the odds of CVS Health to stay above $ 74.19  in 30 days from now is near 1 (This CVS Health Corporation probability density function shows the probability of CVS Health Stock to fall within a particular range of prices over 30 days) . Probability of CVS Health price to stay between $ 74.19  and its current price of $74.72 at the end of the 30-day period is near 1 .
Considering 30-days investment horizon, the stock has beta coefficient of 1.1046 . 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. Additionally The company has an alpha of 0.2076 implying that it can potentially generate 0.2076% excess return over DOW after adjusting for the inherited market risk (beta).
 CVS Health Price Density 
      Price 
α
Alpha over DOW
=0.21
β
Beta against DOW=1.10
σ
Overall volatility
=3.89
Ir
Information ratio =0.16

CVS Health Alerts and Suggestions

CVS Health has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
The company has 91.92 B in debt with debt to equity (D/E) ratio of 149.2 . This implies that the company may be unable to create cash to meet all of its financial commitments. CVS Health has Current Ratio of 0.93 suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
Over 84.0% of CVS Health shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: CVS Health exotic insider transaction detected

CVS HealthPrice Density Drivers

Shares Percent Shares Out1.69%
Trailing Annual Dividend Rate2.00
Short Percent Of Float1.70%
Float Shares1.3B
Shares Short Prior Month22.58M
Average Daily Volume Last 10 Day11.12M
Average Daily Volume In Three Month7.34M
Date Short InterestOctober 31, 2019
Trailing Annual Dividend Yield2.76%
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