Elevance Health, (Brazil) Performance
| E1LV34 Stock | 472.49 0.00 0.00% |
The firm shows a Beta (market volatility) of -0.29, 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 -0.23%. 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.
Risk-Adjusted Performance
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Over the last 90 days Elevance Health, has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's essential indicators remain somewhat strong which may send shares a bit higher in February 2025. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Elevance |
Elevance Health, Relative Risk vs. Return Landscape
If you would invest 54,591 in Elevance Health, on October 6, 2024 and sell it today you would lose (7,342) from holding Elevance Health, or give up 13.45% of portfolio value over 90 days. Elevance Health, is generating negative expected returns and assumes 1.8954% volatility on return distribution over the 90 days horizon. Simply put, 16% of stocks are less volatile than Elevance, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Elevance Health, Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elevance Health,'s investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Elevance Health,, and traders can use it to determine the average amount a Elevance Health,'s price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1194
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| Negative Returns | E1LV34 |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elevance Health, is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elevance Health, by adding Elevance Health, to a well-diversified portfolio.
Things to note about Elevance Health, performance evaluation
Checking the ongoing alerts about Elevance Health, for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Elevance Health, help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Elevance Health, generated a negative expected return over the last 90 days |
- Analyzing Elevance Health,'s financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Elevance Health,'s stock is overvalued or undervalued compared to its peers.
- Examining Elevance Health,'s industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Elevance Health,'s management team can have a significant impact on its success or failure. Reviewing the track record and experience of Elevance Health,'s management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Elevance Health,'s stock. These opinions can provide insight into Elevance Health,'s potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Elevance Stock analysis
When running Elevance Health,'s price analysis, check to measure Elevance Health,'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health, is operating at the current time. Most of Elevance Health,'s value examination focuses on studying past and present price action to predict the probability of Elevance Health,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health,'s price. Additionally, you may evaluate how the addition of Elevance Health, to your portfolios can decrease your overall portfolio volatility.
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