CVS Health (Germany) Market Value
| CVS Stock | EUR 59.47 1.21 1.99% |
| Symbol | CVS |
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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CVS Health on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CVS Health Corp or generate 0.0% return on investment in CVS Health over 90 days. CVS Health is related to or competes with PULSION Medical, SCANDMEDICAL SOLDK, MEDICAL FACILITIES, CompuGroup Medical, and Genertec Universal. CVS Health Corporation provides health services and plans in the United States 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.09 | |||
| Maximum Drawdown | 19.52 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 4.31 |
CVS Health Market Risk Indicators
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.| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.203 | |||
| Total Risk Alpha | 0.5708 | |||
| Sortino Ratio | 0.126 | |||
| Treynor Ratio | 0.6875 |
CVS Health Corp Backtested Returns
CVS Health appears to be very steady, given 3 months investment horizon. CVS Health Corp secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18 % return per unit of volatility over the last 3 months. By analyzing CVS Health's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of CVS Health's mean deviation of 2.04, and Risk Adjusted Performance of 0.0583 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CVS Health holds a performance score of 14. The firm shows a Beta (market volatility) of 0.25, 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. Please check CVS Health's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether CVS Health's price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
CVS Health Corp has modest predictability. Overlapping area represents the amount of predictability between CVS Health time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 CVS Health Corp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current CVS Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 15.7 |
CVS Health Corp 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 Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in CVS Stock
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:Check out CVS Health Correlation, CVS Health Volatility and CVS Health Alpha and Beta module to complement your research on CVS Health. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
CVS 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.