Cardinal Health Stock Price on December 2, 2024

CAH Stock  USD 118.28  1.28  1.09%   
Below is the normalized historical share price chart for Cardinal Health extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cardinal Health stands at 118.28, as last reported on the 22nd of December, with the highest price reaching 118.86 and the lowest price hitting 116.03 during the day.
IPO Date
31st of December 1987
200 Day MA
107.7726
50 Day MA
117.2888
Beta
0.616
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Cardinal Stock, it is important to understand the factors that can impact its price. Cardinal Health is very steady at the moment. Cardinal Health secures Sharpe Ratio (or Efficiency) of 0.0684, which signifies that the company had a 0.0684% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cardinal Health, which you can use to evaluate the volatility of the firm. Please confirm Cardinal Health's Risk Adjusted Performance of 0.0661, downside deviation of 1.43, and Mean Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%.
  
As of now, Cardinal Health's Stock Based Compensation To Revenue is decreasing as compared to previous years. . 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. Cardinal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0684

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Estimated Market Risk

 1.53
  actual daily
13
87% of assets are more volatile

Expected Return

 0.1
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.07
  actual daily
5
95% of assets perform better
Based on monthly moving average Cardinal Health is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cardinal Health by adding it to a well-diversified portfolio.
Price Book
16.0657
Enterprise Value Ebitda
11.9946
Price Sales
0.1275
Shares Float
240.8 M
Dividend Share
2.012

Cardinal Health Main Headline on 2nd of December 2024

IntegriChain, the leading provider of pharma revenue optimization technology and insights for the pharmaceutical industry, today announced that its distribution experts will present at Informas upcoming Trade Channel Strategies, December 10-12 in Philadelphia. Conference keynote Bill Roth, Senior Vice President and Managing Partner of the Blue Fin Group, an IntegriChain Company, and Mike Zubey, Senior Vice President, Sales, for IntegriChain have extensive experience and insights tenured in di

Cardinal Health Valuation on December 2, 2024

It is possible to determine the worth of Cardinal Health on a given historical date. On December 2, 2024 Cardinal was worth 122.9 at the beginning of the trading date compared to the closed value of 122.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cardinal Health stock. Still, in general, we apply an absolute valuation method to find Cardinal Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cardinal Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cardinal Health's related companies.
 Open High Low Close Volume
  122.82    123.63    122.00    122.24    878,174  
12/02/2024
  122.90    123.17    121.64    122.47    2,391,557  
  123.18    123.70    122.15    123.27    1,451,010  
Backtest Cardinal Health  |  Cardinal Health History  |  Cardinal Health Valuation   PreviousNext  
Open Value
122.9
118.31
Downside
122.47
Closing Value
127.49
Upside

Cardinal Health Trading Date Momentum on December 2, 2024

On December 03 2024 Cardinal Health was traded for  123.27  at the closing time. Highest Cardinal Health's price during the trading hours was 123.70  and the lowest price during the day was  122.15 . The net volume was 1.5 M. The overall trading history on the 3rd of December contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.65% . The overall trading delta to current price is 3.75% .

Cardinal Health Fundamentals Correlations and Trends

By evaluating Cardinal Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cardinal Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cardinal financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cardinal Health Stock history

Cardinal Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cardinal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cardinal Health will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cardinal Health stock prices may prove useful in developing a viable investing in Cardinal Health
Last ReportedProjected for Next Year
Common Stock Shares Outstanding247 M313.5 M
Net Income Applicable To Common Shares234.9 M223.2 M

Cardinal Health Stock Technical Analysis

Cardinal Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Cardinal Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cardinal Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cardinal Health Period Price Range

Low
December 22, 2024
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Cardinal Health December 22, 2024 Market Strength

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

Cardinal Health Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cardinal Health's price direction in advance. Along with the technical and fundamental analysis of Cardinal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cardinal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Cardinal Stock analysis

When running Cardinal Health's price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal 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 Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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