Cardinal Health (Germany) Market Value
| CLH Stock | EUR 116.25 0.30 0.26% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cardinal Health on December 17, 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 90 days. Cardinal Health is related to or competes with Hanison Construction, BLUESCOPE STEEL, AGRICULTBK HADR25, MOUNT GIBSON, Séché Environnement, and ANGANG STEEL. Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, E... More
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.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0889 | |||
| Maximum Drawdown | 7.57 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.14 |
Cardinal Health Market Risk Indicators
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.| Risk Adjusted Performance | 0.0175 | |||
| Jensen Alpha | 0.065 | |||
| Total Risk Alpha | 0.1816 | |||
| Sortino Ratio | 0.0876 | |||
| Treynor Ratio | 0.0237 |
Cardinal Health Backtested Returns
At this point, Cardinal Health is very steady. Cardinal Health secures Sharpe Ratio (or Efficiency) of 0.0755, which signifies that the company had a 0.0755 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cardinal Health, which you can use to evaluate the volatility of the firm. Please confirm Cardinal Health's Mean Deviation of 0.9929, risk adjusted performance of 0.0175, and Downside Deviation of 1.38 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Cardinal Health has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. 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. Cardinal Health right now shows a risk of 1.35%. Please confirm Cardinal Health jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Cardinal Health will be following its price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Cardinal Health has modest reverse predictability. Overlapping area represents the amount of predictability between Cardinal Health time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 -0.46 indicates that about 46.0% of current Cardinal Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 6.98 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cardinal Stock
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 Correlation, Cardinal Health Volatility and Cardinal Health Alpha and Beta module to complement your research on Cardinal Health. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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.