CVS Health Backtesting

CVS Health Corporation -- USA Stock  

USD 74.63  1.86  2.43%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of CVS Health Corporation and determine expected loss or profit from investing in CVS Health over given investment horizon. Check also CVS Health Hype Analysis, CVS Health Correlation, CVS Health Valuation, CVS Health Volatility as well as analyze CVS Health Alpha and Beta and CVS Health Performance
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

CVS Health 'What if' Analysis

September 22, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 22, 2017
 0.00 
If you would invest  0.00  in CVS Health on September 22, 2017 and sell it all today you would earn a total of 0.00 from holding CVS Health Corporation or generate 0.0% return on investment in CVS Health over 30 days. CVS Health is related to or competes with Laboratory of, MEDNAX, Envision Healthcare, Concord Medical, and Centene. It operates through Pharmacy Services and RetailLTC segments

CVS Health Upside/Downside Indicators

  

CVS Health Market Premium Indicators

CVS Health lagged returns against current returns

 Current and Lagged Values 
      Timeline 

CVS Health regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

CVS Health Backtested Returns

Macroaxis considers CVS Health to be not too risky. CVS Health secures Sharpe Ratio (or Efficiency) of -0.1044 which signifies that CVS Health had -0.1044% of return per unit of volatility over the last 1 month. Macroaxis approach towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. CVS Health Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CVS Health Risk Adjusted Performance of (0.018646) and Mean Deviation of 1.08 to double-check risk estimate we provide. Macroaxis gives CVS Health performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 2.1187 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, CVS Health will likely underperform.. Even though it is essential to pay attention to CVS Health historical returns, it is always good to be careful when utilizing equity current trending patternss. Macroaxis approach towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CVS Health Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. CVS Health has expected return of -0.1774%. Please be advised to confirm CVS Health Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if CVS Health past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.24) 

Weak reverse predictability

CVS Health Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between CVS Health time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 2017. 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 -0.24 indicates that over 24.0% of current CVS Health price fluctuation can be explain by its past prices. Given that CVS Health Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of CVS Health for similar time interval.
Correlation Coefficient -0.24
Spearman Rank Test -0.44
Price Variance 1.35
Lagged Price Variance 0.37

CVS Health Lagged Returns

 Regressed Prices 
      Timeline 

CVS Health Performance vs DOW

The median price of CVS Health for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 79.56 with a coefficient of variation of 4.58. The daily time series for the period is distributed with a sample standard deviation of 3.55, arithmetic mean of 77.52, and mean deviation of 3.29. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
CVS Health Corporation Ex-Dividend Date Scheduled for Octobe...10/20/2017