Cardinal Health (Germany) Market Value
| CLH Stock | EUR 136.75 2.30 1.65% |
| Symbol | Cardinal |
Cardinal Health 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cardinal Health's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cardinal Health.
| 07/16/2023 |
| 07/05/2025 |
If you would invest 0.00 in Cardinal Health on July 16, 2023 and sell it all today you would earn a total of 0.00 from holding Cardinal Health or generate 0.0% return on investment in Cardinal Health over 720 days. Cardinal Health is related to or competes with URBAN OUTFITTERS, UNITED UTILITIES, RETAIL FOOD, Indutrade, MARKET VECTR, and G-III Apparel. Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, E... More
Cardinal Health Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cardinal Health's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cardinal Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0247 | |||
| Maximum Drawdown | 9.37 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 4.12 |
Cardinal Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardinal Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardinal Health's standard deviation. In reality, there are many statistical measures that can use Cardinal Health historical prices to predict the future Cardinal Health's volatility.| Risk Adjusted Performance | 0.1299 | |||
| Jensen Alpha | 0.1587 | |||
| Total Risk Alpha | 0.0232 | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | (2.91) |
Cardinal Health Backtested Returns
Cardinal Health appears to be very steady, given 3 months investment horizon. Cardinal Health secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cardinal Health, which you can use to evaluate the volatility of the firm. Please makes use of Cardinal Health's Mean Deviation of 1.42, risk adjusted performance of 0.1299, and Downside Deviation of 2.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cardinal Health holds a performance score of 13. The firm shows a Beta (market volatility) of -0.0527, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cardinal Health are expected to decrease at a much lower rate. During the bear market, Cardinal Health is likely to outperform the market. Please check Cardinal Health's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Cardinal Health's price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Cardinal Health has good predictability. Overlapping area represents the amount of predictability between Cardinal Health time series from 16th of July 2023 to 10th of July 2024 and 10th of July 2024 to 5th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cardinal Health price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Cardinal Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 225.03 |
Cardinal Health lagged returns against current returns
Autocorrelation, which is Cardinal Health stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cardinal Health's stock expected returns. We can calculate the autocorrelation of Cardinal Health returns to help us make a trade decision. For example, suppose you find that Cardinal Health has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cardinal Health regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cardinal Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardinal Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardinal Health stock over time.
Current vs Lagged Prices |
| Timeline |
Cardinal Health Lagged Returns
When evaluating Cardinal Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardinal Health stock have on its future price. Cardinal Health autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cardinal Health autocorrelation shows the relationship between Cardinal Health stock current value and its past values and can show if there is a momentum factor associated with investing in Cardinal Health.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Cardinal Stock
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:Check out Cardinal Health Correlation, Cardinal Health Volatility and Cardinal Health Alpha and Beta module to complement your research on Cardinal Health. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Cardinal Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.