Cardinal Health (UK) Probability of Future Stock Price Finishing Under 116.15
| 0HTG Stock | 117.66 0.26 0.22% |
Cardinal |
Cardinal Health Target Price Odds to finish below 116.15
The tendency of Cardinal Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 116.15 or more in 90 days |
| 117.66 | 90 days | 116.15 | about 52.71 |
Based on a normal probability distribution, the odds of Cardinal Health to drop to 116.15 or more in 90 days from now is about 52.71 (This Cardinal Health probability density function shows the probability of Cardinal Stock to fall within a particular range of prices over 90 days) . Probability of Cardinal Health price to stay between 116.15 and its current price of 117.66 at the end of the 90-day period is about 10.91 .
Assuming the 90 days trading horizon Cardinal Health has a beta of 0.17. This suggests as returns on the market go up, Cardinal Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cardinal Health will be expected to be much smaller as well. Additionally Cardinal Health has an alpha of 0.0494, implying that it can generate a 0.0494 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cardinal Health Price Density |
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Predictive Modules for Cardinal Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cardinal Health. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Cardinal Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cardinal Health is not an exception. The market had few large corrections towards the Cardinal Health's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cardinal Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cardinal Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 5.38 | |
Ir | Information ratio | -0.0088 |
Cardinal Health Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cardinal Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cardinal Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 90.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Integrated Wealth Concepts LLC Cuts Stock Holdings in Cardinal Health, Inc. - MarketBeat |
Cardinal Health Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cardinal Stock often depends not only on the future outlook of the current and potential Cardinal Health's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cardinal Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 247 M | |
| Cash And Short Term Investments | 5.1 B |
Cardinal Health Technical Analysis
Cardinal Health's future price can be derived by breaking down and analyzing its technical indicators over time. Cardinal Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cardinal Health. In general, you should focus on analyzing Cardinal Stock price patterns and their correlations with different microeconomic environments and drivers.
Cardinal Health Predictive Forecast Models
Cardinal Health's time-series forecasting models is one of many Cardinal Health's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cardinal Health's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Cardinal Health
Checking the ongoing alerts about Cardinal Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cardinal Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 90.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Integrated Wealth Concepts LLC Cuts Stock Holdings in Cardinal Health, Inc. - MarketBeat |
Additional Tools for Cardinal Stock Analysis
When running Cardinal Health's price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal 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 Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.