Elevance Health, is trading at 472.49 as of the 2nd of January 2025, a No Change since the beginning of the trading day. The stock's open price was 472.49. Elevance Health, has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over 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 Elevance Health,'s alpha and beta are two of the key measurements used to evaluate Elevance 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 Elevance Health, stock to make a market-neutral strategy. Peer analysis of Elevance Health, could also be used in its relative valuation, which is a method of valuing Elevance Health, by comparing valuation metrics with similar companies.