CARDINAL HEALTH (Germany) Market Value
| CLH Stock | EUR 114.60 0.50 0.44% |
| 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.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in CARDINAL HEALTH on November 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 60 days. CARDINAL HEALTH is related to or competes with MAG SILVER, Zijin Mining, Virtus Investment, Aya Gold, and AGNC INVESTMENT. 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 | 1.69 | |||
| Information Ratio | 0.1548 | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.55 |
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 | 0.1421 | |||
| Jensen Alpha | 0.2509 | |||
| Total Risk Alpha | 0.2264 | |||
| Sortino Ratio | 0.1404 | |||
| Treynor Ratio | (2.55) |
CARDINAL HEALTH Backtested Returns
CARDINAL HEALTH appears to be very steady, given 3 months investment horizon. CARDINAL HEALTH secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CARDINAL HEALTH, which you can use to evaluate the volatility of the entity. Please makes use of CARDINAL HEALTH's Semi Deviation of 0.938, mean deviation of 0.9671, and Coefficient Of Variation of 590.46 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 10. The firm shows a Beta (market volatility) of -0.0981, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CARDINAL HEALTH are expected to decrease at a much lower rate. During the bear market, CARDINAL HEALTH is likely to outperform the market. Please check CARDINAL HEALTH's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether CARDINAL HEALTH's price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
CARDINAL HEALTH has very good reverse predictability. Overlapping area represents the amount of predictability between CARDINAL HEALTH time series from 5th of November 2024 to 5th of December 2024 and 5th 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 -0.66 indicates that around 66.0% of current CARDINAL HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 5.02 |
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 |
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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 |
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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 |
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Additional 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.