Cardinal Health Stock Forecast - Daily Balance Of Power
| CAH Stock | USD 116.36 0.19 0.16% |
Cardinal Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Cardinal Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Cardinal |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.30) | (0.54) |
| Check Cardinal Health Volatility | Backtest Cardinal Health | Trend Details |
Cardinal Health Trading Date Momentum
| On December 11 2024 Cardinal Health was traded for 117.42 at the closing time. Highest Cardinal Health's price during the trading hours was 121.06 and the lowest price during the day was 116.74 . The net volume was 2 M. The overall trading history on the 11th of December 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.49% . The overall trading delta to current price is 1.90% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Cardinal Health to competition |
Other Forecasting Options for Cardinal Health
For every potential investor in Cardinal, whether a beginner or expert, Cardinal Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cardinal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cardinal. Basic forecasting techniques help filter out the noise by identifying Cardinal Health's price trends.Cardinal Health Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cardinal Health stock to make a market-neutral strategy. Peer analysis of Cardinal Health could also be used in its relative valuation, which is a method of valuing Cardinal Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cardinal Health Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cardinal Health's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cardinal Health's current price.| Cycle Indicators | ||
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| Volume Indicators |
Cardinal Health Market Strength Events
Market strength indicators help investors to evaluate how Cardinal Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Health shares will generate the highest return on investment. By undertsting and applying Cardinal Health stock market strength indicators, traders can identify Cardinal Health entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0211 | |||
| Daily Balance Of Power | (0.08) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 117.53 | |||
| Day Typical Price | 117.14 | |||
| Market Facilitation Index | 2.51 | |||
| Price Action Indicator | (1.26) | |||
| Period Momentum Indicator | (0.19) |
Cardinal Health Risk Indicators
The analysis of Cardinal Health's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cardinal Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cardinal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.04 | |||
| Semi Deviation | 1.33 | |||
| Standard Deviation | 1.53 | |||
| Variance | 2.34 | |||
| Downside Variance | 2.08 | |||
| Semi Variance | 1.76 | |||
| Expected Short fall | (1.07) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
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 Historical Fundamental Analysis of Cardinal Health to cross-verify your projections. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.