CVS Health (Brazil) Market Value
| CVSH34 Stock | BRL 37.64 0.12 0.32% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in CVS Health on December 17, 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 90 days. CVS Health is related to or competes with Zoom Video, Host Hotels, METISA Metalrgica, Nordon Indstrias, and Take Two. CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services 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.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0775 | |||
| Maximum Drawdown | 22.51 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 4.83 |
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 | 0.0492 | |||
| Jensen Alpha | 0.1801 | |||
| Total Risk Alpha | 0.5713 | |||
| Sortino Ratio | 0.0861 | |||
| Treynor Ratio | 0.5659 |
CVS Health Backtested Returns
CVS Health appears to be very steady, given 3 months investment horizon. CVS Health 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 0.65% is justified by implied risk. Please makes use of CVS Health's mean deviation of 2.02, and Risk Adjusted Performance of 0.0492 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 0.27, 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 treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether CVS Health's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
CVS Health has good predictability. Overlapping area represents the amount of predictability between CVS 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 CVS Health price movement. The serial correlation of 0.68 indicates that around 68.0% of current CVS Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 6.79 |
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.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.