CVS Competitors
| CVS Stock | EUR 46.53 1.67 3.46% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of CVS Health competition on your existing holdings.
CVS |
CVS Health Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between CVS Health and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of CVS and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of CVS Health Corp does not affect the price movement of the other competitor.
| -0.39 | 0.15 | -0.11 | -0.48 | CVS | ||
| -0.39 | -0.07 | -0.04 | 0.16 | HUM | ||
| 0.15 | -0.07 | 0.82 | 0.69 | QEN | ||
| -0.11 | -0.04 | 0.82 | 0.77 | 5M0B | ||
| -0.48 | 0.16 | 0.69 | 0.77 | GD6 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CVS Stock performing well and CVS Health Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CVS Health's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CVS | 1.83 | 0.01 | (0.03) | (0.06) | 2.65 | 3.05 | 20.15 | |||
| HUM | 2.24 | (0.25) | 0.00 | (0.08) | 0.00 | 4.78 | 22.29 | |||
| QEN | 1.70 | (0.31) | 0.00 | (0.25) | 0.00 | 2.73 | 25.18 | |||
| 5M0B | 1.14 | (0.03) | 0.00 | 0.22 | 0.00 | 2.98 | 6.56 | |||
| GD6 | 1.41 | (0.37) | 0.00 | 0.93 | 0.00 | 2.92 | 11.44 |
CVS Health Competitive Analysis
The better you understand CVS Health competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, CVS Health's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across CVS Health's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
CVS Health Competition Performance Charts
Five steps to successful analysis of CVS Health Competition
CVS Health's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by CVS Health Corp in relation to its competition. CVS Health's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of CVS Health in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact CVS Health's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to CVS Health Corp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your CVS Health position
In addition to having CVS Health in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Munis Funds
Funds or Etfs that invest in fixed income securities issued by states, cities, and towns as well as other public entities. The Munis Funds theme has 38 constituents at this time.
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Additional Information and Resources on Investing in CVS Stock
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 CVS Health Correlation with its peers.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.