Cvs Health Corp Stock Market Value
| CVS Stock | USD 54.65 1.16 2.08% |
| Symbol | CVS |
CVS Health Corp Price To Book Ratio
Is Health Care Providers & Services space 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 (0.05) | Dividend Share 2.54 | Earnings Share 5.62 | Revenue Per Share 284.365 | Quarterly Revenue Growth 0.025 |
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.
CVS 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 CVS 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 CVS Health.
| 10/06/2024 |
| 11/05/2024 |
If you would invest 0.00 in CVS Health on October 6, 2024 and sell it all today you would earn a total of 0.00 from holding CVS Health Corp or generate 0.0% return on investment in CVS Health over 30 days. CVS Health is related to or competes with Humana, Cigna Corp, Elevance Health, Centene Corp, UnitedHealth Group, Molina Healthcare, and Alignment Healthcare. CVS Health Corporation provides health services in the United States More
CVS 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 CVS 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 CVS Health Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.65 |
CVS Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CVS Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CVS Health's standard deviation. In reality, there are many statistical measures that can use CVS Health historical prices to predict the future CVS Health's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CVS Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CVS Health Corp Backtested Returns
CVS Health Corp secures Sharpe Ratio (or Efficiency) of -0.0116, which signifies that the company had a -0.0116% return per unit of volatility over the last 3 months. CVS Health Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CVS Health's mean deviation of 1.37, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. CVS Health returns are very sensitive to returns on the market. As the market goes up or down, CVS Health is expected to follow. At this point, CVS Health Corp has a negative expected return of -0.0199%. Please make sure to confirm CVS Health's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if CVS Health Corp performance from the past will be repeated at future time.
Auto-correlation | 0.71 |
Good predictability
CVS Health Corp has good predictability. Overlapping area represents the amount of predictability between CVS Health time series from 6th of October 2024 to 21st of October 2024 and 21st of October 2024 to 5th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CVS Health Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current CVS Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
CVS Health Corp lagged returns against current returns
Autocorrelation, which is CVS 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 CVS Health's stock expected returns. We can calculate the autocorrelation of CVS Health returns to help us make a trade decision. For example, suppose you find that CVS 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 |
CVS 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 CVS Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CVS Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CVS Health stock over time.
Current vs Lagged Prices |
| Timeline |
CVS Health Lagged Returns
When evaluating CVS Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CVS Health stock have on its future price. CVS 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, CVS Health autocorrelation shows the relationship between CVS Health stock current value and its past values and can show if there is a momentum factor associated with investing in CVS Health Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional 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.