Cardinal Health, is trading at 638.86 as of the 2nd of January 2025, a 0.32% up since the beginning of the trading day. The stock's open price was 636.82. Cardinal Health, has hardly any chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. The performance scores are derived for the period starting the 3rd of December 2024 and ending today, the 2nd of January 2025. Click here to learn more.
Although Cardinal Health,'s alpha and beta are two of the key measurements used to evaluate Cardinal Health,'s performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cardinal Health, stock to make a market-neutral strategy. Peer analysis of Cardinal Health, could also be used in its relative valuation, which is a method of valuing Cardinal Health, by comparing valuation metrics with similar companies.