CVS Health's market value is the price at which a share of CVS Health trades on a public exchange. It measures the collective expectations of CVS Health investors about its performance. CVS Health is trading at 46.72 as of the 10th of January 2025, a 3.43% increase since the beginning of the trading day. The stock's lowest day price was 44.78. With this module, you can estimate the performance of a buy and hold strategy of CVS Health and determine expected loss or profit from investing in CVS Health over a given investment horizon. Check out CVS Health Correlation, CVS Health Volatility and CVS Health Alpha and Beta module to complement your research on CVS Health.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS 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.
CVS 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 CVS 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 CVS Health.
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12/11/2024
No Change 0.00
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In 31 days
01/10/2025
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If you would invest 0.00 in CVS Health on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding CVS Health or generate 0.0% return on investment in CVS Health over 30 days. CVS Health is related to or competes with Cal Maine, Nomad Foods, GWILLI FOOD, EBRO FOODS, and INDOFOOD AGRI. More
CVS 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 CVS 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 CVS 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 CVS Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CVS Health's standard deviation. In reality, there are many statistical measures that can use CVS Health historical prices to predict the future CVS Health's volatility.
CVS Health secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of volatility over the last 3 months. CVS Health exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CVS Health's mean deviation of 1.93, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CVS Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding CVS Health is expected to be smaller as well. At this point, CVS Health has a negative expected return of -0.46%. Please make sure to confirm CVS Health's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if CVS Health performance from the past will be repeated at future time.
Auto-correlation
-0.81
Excellent reverse predictability
CVS Health has excellent reverse predictability. Overlapping area represents the amount of predictability between CVS Health time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 CVS Health price movement. The serial correlation of -0.81 indicates that around 81.0% of current CVS Health price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.81
Spearman Rank Test
-0.75
Residual Average
0.0
Price Variance
1.44
CVS Health lagged returns against current returns
Autocorrelation, which is CVS 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 CVS Health's stock expected returns. We can calculate the autocorrelation of CVS Health returns to help us make a trade decision. For example, suppose you find that CVS 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
CVS 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 CVS Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CVS Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CVS Health stock over time.
Current vs Lagged Prices
Timeline
CVS Health Lagged Returns
When evaluating CVS Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CVS Health stock have on its future price. CVS 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, CVS Health autocorrelation shows the relationship between CVS Health stock current value and its past values and can show if there is a momentum factor associated with investing in CVS Health.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
CVS Health financial ratios help investors to determine whether CVS Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CVS with respect to the benefits of owning CVS Health security.