Cvs Health Cdr Stock Market Value
| CVS Stock | 16.22 0.03 0.18% |
| 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 CDR or generate 0.0% return on investment in CVS HEALTH over 90 days. CVS HEALTH is related to or competes with A W, Guru Organic, Western Investment, Maple Leaf, Atrium Mortgage, and High Liner. CVS HEALTH is entity of Canada. It is traded as Stock on NEO exchange. 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 CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1299 | |||
| Maximum Drawdown | 18.61 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 3.59 |
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 | 0.0911 | |||
| Jensen Alpha | 0.2946 | |||
| Total Risk Alpha | 0.6491 | |||
| Sortino Ratio | 0.1607 | |||
| Treynor Ratio | 1.71 |
CVS HEALTH CDR Backtested Returns
CVS HEALTH appears to be not too volatile, given 3 months investment horizon. CVS HEALTH CDR secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21 % 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 0.59% is justified by implied risk. Please makes use of CVS HEALTH's mean deviation of 1.79, and Risk Adjusted Performance of 0.0911 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 16. The firm shows a Beta (market volatility) of 0.16, 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 expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether CVS HEALTH's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
CVS HEALTH CDR has good 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 CDR price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current CVS HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
CVS HEALTH CDR 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 CDR.
Regressed Prices |
| Timeline |
Pair Trading with CVS HEALTH
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS HEALTH position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS HEALTH will appreciate offsetting losses from the drop in the long position's value.Moving together with CVS Stock
Moving against CVS Stock
The ability to find closely correlated positions to CVS HEALTH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS HEALTH when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS HEALTH - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS HEALTH CDR to buy it.
The correlation of CVS HEALTH is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS HEALTH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS HEALTH CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CVS HEALTH can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in CVS Stock
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.