Cardinal Health Stock Probability of Future Stock Price Finishing Over 122.47

CAH Stock  USD 118.28  1.28  1.09%   
Cardinal Health's future price is the expected price of Cardinal Health instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Cardinal Health performance during a given time horizon utilizing its historical volatility. Check out Cardinal Health Backtesting, Cardinal Health Valuation, Cardinal Health Correlation, Cardinal Health Hype Analysis, Cardinal Health Volatility, Cardinal Health History as well as Cardinal Health Performance.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
  
As of now, Cardinal Health's Price To Book Ratio is decreasing as compared to previous years. The Cardinal Health's current Price Sales Ratio is estimated to increase to 0.21, while Price Earnings Ratio is projected to decrease to 12.05. Please specify Cardinal Health's target price for which you would like Cardinal Health odds to be computed.

Cardinal Health Target Price Odds to finish over 122.47

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 PriceHorizonTarget PriceOdds to move over $ 122.47  or more in 90 days
 118.28 90 days 122.47 
about 9.39
Based on a normal probability distribution, the odds of Cardinal Health to move over $ 122.47  or more in 90 days from now is about 9.39 (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 its current price of $ 118.28  and $ 122.47  at the end of the 90-day period is about 21.56 .
Considering the 90-day investment horizon Cardinal Health has a beta of 0.75 suggesting 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 0.0911, implying that it can generate a 0.0911 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Cardinal Health Price Density   
       Price  

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.
Hype
Prediction
LowEstimatedHigh
116.63118.16119.69
Details
Intrinsic
Valuation
LowRealHigh
106.47108.00130.11
Details
17 Analysts
Consensus
LowTargetHigh
89.7198.58109.42
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.461.761.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cardinal Health. Your research has to be compared to or analyzed against Cardinal Health's peers to derive any actionable benefits. When done correctly, Cardinal Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cardinal Health.

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
0.09
β
Beta against Dow Jones0.75
σ
Overall volatility
5.11
Ir
Information ratio 0.06

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.
Cardinal Health has a strong financial position based on the latest SEC filings
Over 90.0% of the company shares are held by institutions such as insurance companies
Latest headline from gurufocus.com: Cardinal Health to Announce Second-Quarter Results for Fiscal Year 2025 on January 30

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 Outstanding247 M
Cash And Short Term Investments5.1 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.
Cardinal Health has a strong financial position based on the latest SEC filings
Over 90.0% of the company shares are held by institutions such as insurance companies
Latest headline from gurufocus.com: Cardinal Health to Announce Second-Quarter Results for Fiscal Year 2025 on January 30
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 Backtesting, Cardinal Health Valuation, Cardinal Health Correlation, Cardinal Health Hype Analysis, Cardinal Health Volatility, Cardinal Health History as well as Cardinal Health Performance.
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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 Cardinal Health. If investors know Cardinal 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 Cardinal 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
48.135
Dividend Share
2.012
Earnings Share
5.2
Revenue Per Share
921.782
Quarterly Revenue Growth
(0.04)
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal 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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal 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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal 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.