CVS Payout Ratio vs Asset Turnover Analysis

CVS Stock  USD 79.43  0.11  0.14%   
CVS Health financial indicator trend analysis is way more than just evaluating CVS Health Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVS Health Corp is a good investment. Please check the relationship between CVS Health Payout Ratio and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Payout Ratio vs Asset Turnover

Payout Ratio vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CVS Health Corp Payout Ratio account and Asset Turnover. At this time, the significance of the direction appears to have weak relationship.
The correlation between CVS Health's Payout Ratio and Asset Turnover is 0.38. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of CVS Health Corp, assuming nothing else is changed. The correlation between historical values of CVS Health's Payout Ratio and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of CVS Health Corp are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Payout Ratio i.e., CVS Health's Payout Ratio and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Payout Ratio

Payout Ratio is the proportion of CVS Health Corp earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of CVS Health Corp dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating CVS Health Corp is paying out more in dividends than it makes in net income.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from CVS Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVS Health Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Selling General Administrative is likely to gain to about 45.2 B in 2024, whereas Discontinued Operations is likely to drop (10.9 M) in 2024.
 2021 2022 2023 2024 (projected)
Operating Income13.2B16.3B13.7B14.4B
Other Operating Expenses277.1B306.4B601.0B631.0B

CVS Health fundamental ratios Correlations

0.980.060.980.970.940.970.910.871.00.930.930.940.440.980.880.88-0.931.00.770.980.830.950.940.960.99
0.980.00.930.910.921.00.850.810.990.960.880.870.361.00.840.93-0.960.990.740.930.840.970.870.970.98
0.060.00.110.10.09-0.050.210.40.030.020.280.090.250.010.27-0.15-0.070.05-0.280.17-0.03-0.050.260.00.04
0.980.930.110.950.930.910.940.90.970.850.940.980.370.930.860.79-0.930.970.80.990.830.870.970.930.97
0.970.910.10.950.920.890.940.860.960.890.90.930.610.910.920.81-0.820.940.750.970.780.90.940.890.96
0.940.920.090.930.920.90.850.890.940.840.920.880.50.90.810.83-0.850.930.760.930.880.820.890.90.9
0.971.0-0.050.910.890.90.830.760.980.950.840.850.350.990.830.94-0.950.980.740.910.840.980.840.960.97
0.910.850.210.940.940.850.830.820.890.780.840.950.50.830.960.68-0.80.890.740.960.80.820.990.780.92
0.870.810.40.90.860.890.760.820.850.770.990.850.440.810.760.68-0.820.860.560.910.670.720.880.850.83
1.00.990.030.970.960.940.980.890.850.950.910.920.430.990.870.91-0.941.00.760.960.830.960.910.970.99
0.930.960.020.850.890.840.950.780.770.950.840.770.450.970.820.97-0.890.940.570.860.760.980.780.940.93
0.930.880.280.940.90.920.840.840.990.910.840.890.410.880.780.76-0.880.920.630.940.730.80.90.920.89
0.940.870.090.980.930.880.850.950.850.920.770.890.350.870.840.68-0.870.930.840.980.750.820.970.870.94
0.440.360.250.370.610.50.350.50.440.430.450.410.350.370.630.37-0.150.380.240.460.360.410.460.30.43
0.981.00.010.930.910.90.990.830.810.990.970.880.870.370.830.93-0.950.990.720.920.80.980.860.970.98
0.880.840.270.860.920.810.830.960.760.870.820.780.840.630.830.72-0.740.860.620.910.770.850.920.740.89
0.880.93-0.150.790.810.830.940.680.680.910.970.760.680.370.930.72-0.860.890.560.780.810.930.680.910.87
-0.93-0.96-0.07-0.93-0.82-0.85-0.95-0.8-0.82-0.94-0.89-0.88-0.87-0.15-0.95-0.74-0.86-0.96-0.68-0.9-0.79-0.9-0.85-0.96-0.93
1.00.990.050.970.940.930.980.890.861.00.940.920.930.380.990.860.89-0.960.770.970.830.950.920.970.99
0.770.74-0.280.80.750.760.740.740.560.760.570.630.840.240.720.620.56-0.680.770.770.680.670.750.70.78
0.980.930.170.990.970.930.910.960.910.960.860.940.980.460.920.910.78-0.90.970.770.80.880.980.910.97
0.830.84-0.030.830.780.880.840.80.670.830.760.730.750.360.80.770.81-0.790.830.680.80.760.780.760.8
0.950.97-0.050.870.90.820.980.820.720.960.980.80.820.410.980.850.93-0.90.950.670.880.760.810.930.96
0.940.870.260.970.940.890.840.990.880.910.780.90.970.460.860.920.68-0.850.920.750.980.780.810.830.93
0.960.970.00.930.890.90.960.780.850.970.940.920.870.30.970.740.91-0.960.970.70.910.760.930.830.95
0.990.980.040.970.960.90.970.920.830.990.930.890.940.430.980.890.87-0.930.990.780.970.80.960.930.95
Click cells to compare fundamentals

CVS Health Account Relationship Matchups

CVS Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets222.4B230.7B233.0B228.3B249.7B262.2B
Short Long Term Debt Total89.0B85.0B76.0B70.7B79.4B83.4B
Other Current Liab4.8B5.8B5.6B47.6B2.5B2.3B
Total Current Liabilities53.3B62.0B67.8B69.7B79.2B83.1B
Total Stockholder Equity63.9B69.4B75.1B71.0B76.5B80.3B
Property Plant And Equipment Net32.9B33.3B32.0B30.7B30.4B32.0B
Net Debt83.3B77.2B66.6B57.8B71.2B74.7B
Retained Earnings45.1B49.6B54.9B56.1B61.6B64.7B
Cash5.7B7.9B9.4B12.9B8.2B8.6B
Non Current Assets Total172.1B174.3B173.0B162.6B181.9B191.0B
Non Currrent Assets Other4.6B4.6B4.7B4.0B3.6B3.8B
Cash And Short Term Investments8.1B10.9B12.5B15.7B11.5B12.0B
Net Receivables19.6B21.7B24.4B27.3B35.2B37.0B
Common Stock Shares Outstanding1.3B1.3B1.3B1.3B1.3B984.2M
Liabilities And Stockholders Equity222.4B230.7B233.0B228.3B249.7B262.2B
Non Current Liabilities Total105.0B99.0B89.8B87.2B93.9B98.6B
Inventory17.5B18.5B17.8B19.1B18.0B18.9B
Other Current Assets5.1B5.3B5.3B2.7B3.2B3.3B
Other Stockholder Equity(28.2B)(28.2B)(28.2B)(31.9B)(33.8B)(32.1B)
Total Liab158.3B161.0B157.6B157.0B173.1B181.7B
Property Plant And Equipment Gross32.9B33.3B12.9B12.9B51.1B53.7B
Total Current Assets50.3B56.4B60.0B65.7B67.9B71.3B
Accumulated Other Comprehensive Income1.0B1.4B965M(1.5B)(297M)(311.9M)
Short Term Debt5.4B7.1B5.9B3.5B4.7B4.9B
Intangible Assets33.1B31.1B29.0B24.8B29.2B30.7B
Accounts Payable10.5B11.1B12.5B14.8B14.9B15.6B
Common Stock46.0B46.5B47.4B48.2B49.0B51.4B
Good Will79.7B79.6B79.1B78.2B91.3B95.8B
Common Stock Total Equity46.0B46.5B47.4B48.2B55.4B58.2B
Other Liab21.4B21.0B19.7B19.9B22.9B24.1B
Other Assets9.1B51.0B9.8B7.6B8.7B4.8B
Long Term Debt64.7B59.2B52.0B50.5B58.6B61.6B
Treasury Stock(28.2B)(28.2B)(28.2B)(31.9B)(28.7B)(27.2B)
Property Plant Equipment32.9B12.6B12.9B12.9B14.8B9.5B
Current Deferred Revenue32.6B38.0B43.8B3.9B57.1B60.0B
Short Term Investments2.4B3B3.1B2.8B3.3B3.4B
Net Tangible Assets(49.0B)(41.3B)(33.1B)71.0B63.9B67.1B
Noncontrolling Interest In Consolidated Entity318M306M312M300M345M362.3M
Retained Earnings Total Equity45.1B49.6B54.9B56.1B64.6B39.9B
Long Term Debt Total64.7B59.2B52.0B50.5B58.0B34.0B

CVS Health Investors Sentiment

The influence of CVS Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CVS. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CVS Health's public news can be used to forecast risks associated with an investment in CVS. The trend in average sentiment can be used to explain how an investor holding CVS can time the market purely based on public headlines and social activities around CVS Health Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CVS Health's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CVS Health's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CVS Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CVS Health.

CVS Health Implied Volatility

    
  26.34  
CVS Health's implied volatility exposes the market's sentiment of CVS Health Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CVS Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that CVS Health stock will not fluctuate a lot when CVS Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CVS Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CVS Health's short interest history, or implied volatility extrapolated from CVS Health options trading.

Pair Trading with CVS Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS Health will appreciate offsetting losses from the drop in the long position's value.

Moving against CVS Stock

  0.43MBIO Mustang Bio Report 3rd of April 2024 PairCorr
The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS Health Corp to buy it.
The correlation of CVS Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CVS Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for CVS Stock analysis

When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Global Correlations
Find global opportunities by holding instruments from different markets
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Equity Valuation
Check real value of public entities based on technical and fundamental data
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
2.42
Earnings Share
6.47
Revenue Per Share
277.528
Quarterly Revenue Growth
0.12
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.