Cardinal Health,'s market value is the price at which a share of Cardinal Health, trades on a public exchange. It measures the collective expectations of Cardinal Health, investors about its performance. Cardinal Health, is trading at 715.00 as of the 4th of January 2025, a 11.92% up since the beginning of the trading day. The stock's open price was 638.86. With this module, you can estimate the performance of a buy and hold strategy of Cardinal Health, and determine expected loss or profit from investing in Cardinal Health, over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Cardinal
Cardinal Health, 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cardinal Health,'s stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cardinal Health,.
0.00
12/05/2024
No Change 0.00
0.0
In 31 days
01/04/2025
0.00
If you would invest 0.00 in Cardinal Health, on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Cardinal Health, or generate 0.0% return on investment in Cardinal Health, over 30 days.
Cardinal Health, Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cardinal Health,'s stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cardinal Health, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardinal Health,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardinal Health,'s standard deviation. In reality, there are many statistical measures that can use Cardinal Health, historical prices to predict the future Cardinal Health,'s volatility.
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, Backtested Returns
Cardinal Health, appears to be very steady, given 3 months investment horizon. Cardinal Health, secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Cardinal Health,, which you can use to evaluate the volatility of the firm. Please makes use of Cardinal Health,'s Standard Deviation of 1.57, risk adjusted performance of 0.1502, and Mean Deviation of 0.5243 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cardinal Health, holds a performance score of 14. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cardinal Health,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Cardinal Health, is expected to be smaller as well. Please check Cardinal Health,'s total risk alpha, maximum drawdown, kurtosis, as well as the relationship between the treynor ratio and skewness , to make a quick decision on whether Cardinal Health,'s price patterns will revert.
Auto-correlation
0.00
No correlation between past and present
Cardinal Health, has no correlation between past and present. Overlapping area represents the amount of predictability between Cardinal Health, time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cardinal Health, price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cardinal Health, price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
1234.86
Cardinal Health, lagged returns against current returns
Autocorrelation, which is Cardinal Health, stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cardinal Health,'s stock expected returns. We can calculate the autocorrelation of Cardinal Health, returns to help us make a trade decision. For example, suppose you find that Cardinal Health, has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Cardinal Health, regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cardinal Health, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardinal Health, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardinal Health, stock over time.
Current vs Lagged Prices
Timeline
Cardinal Health, Lagged Returns
When evaluating Cardinal Health,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardinal Health, stock have on its future price. Cardinal Health, autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cardinal Health, autocorrelation shows the relationship between Cardinal Health, stock current value and its past values and can show if there is a momentum factor associated with investing in Cardinal Health,.
Regressed Prices
Timeline
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