Elevance Health,'s market value is the price at which a share of Elevance Health, trades on a public exchange. It measures the collective expectations of Elevance Health, investors about its performance. Elevance Health, is trading at 472.49 as of the 6th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 472.49. With this module, you can estimate the performance of a buy and hold strategy of Elevance Health, and determine expected loss or profit from investing in Elevance Health, over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Elevance
Elevance 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 Elevance 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 Elevance Health,.
0.00
11/13/2023
No Change 0.00
0.0
In 1 year 1 month and 25 days
01/06/2025
0.00
If you would invest 0.00 in Elevance Health, on November 13, 2023 and sell it all today you would earn a total of 0.00 from holding Elevance Health, or generate 0.0% return on investment in Elevance Health, over 420 days.
Elevance 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 Elevance 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 Elevance 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 Elevance Health,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elevance Health,'s standard deviation. In reality, there are many statistical measures that can use Elevance Health, historical prices to predict the future Elevance Health,'s volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elevance Health,. Your research has to be compared to or analyzed against Elevance Health,'s peers to derive any actionable benefits. When done correctly, Elevance Health,'s competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Elevance Health,.
Elevance Health, Backtested Returns
Elevance Health, secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Elevance Health, exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elevance Health,'s Variance of 3.31, mean deviation of 0.8845, and Standard Deviation of 1.82 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0097, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elevance Health, are expected to decrease at a much lower rate. During the bear market, Elevance Health, is likely to outperform the market. At this point, Elevance Health, has a negative expected return of -0.2%. Please make sure to confirm Elevance Health,'s coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if Elevance Health, performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.27
Weak reverse predictability
Elevance Health, has weak reverse predictability. Overlapping area represents the amount of predictability between Elevance Health, time series from 13th of November 2023 to 10th of June 2024 and 10th of June 2024 to 6th 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 Elevance Health, price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Elevance Health, price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.27
Spearman Rank Test
-0.43
Residual Average
0.0
Price Variance
1915.1
Elevance Health, lagged returns against current returns
Autocorrelation, which is Elevance 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 Elevance Health,'s stock expected returns. We can calculate the autocorrelation of Elevance Health, returns to help us make a trade decision. For example, suppose you find that Elevance 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
Elevance 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 Elevance Health, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elevance Health, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elevance Health, stock over time.
Current vs Lagged Prices
Timeline
Elevance Health, Lagged Returns
When evaluating Elevance Health,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elevance Health, stock have on its future price. Elevance 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, Elevance Health, autocorrelation shows the relationship between Elevance Health, stock current value and its past values and can show if there is a momentum factor associated with investing in Elevance 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.