CVS Stock Based Compensation To Revenue from 2010 to 2024
| CVS Stock | 11.62 0.69 5.61% |
Check CVS HEALTH financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS HEALTH's main balance sheet or income statement drivers, such as , as well as many indicators such as . CVS financial statements analysis is a perfect complement when working with CVS HEALTH Valuation or Volatility modules.
CVS |
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
| 0.67 | GOOG | Alphabet CDR | PairCorr |
| 0.66 | AMZN | Amazon CDR | PairCorr |
| 0.52 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.46 | WMT | Walmart Inc CDR | PairCorr |
| 0.44 | GS | GOLDMAN SACHS CDR | 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 CDR 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 CDR 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.Other Information on Investing in CVS Stock
CVS HEALTH financial ratios help investors to determine whether CVS Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CVS with respect to the benefits of owning CVS HEALTH security.