CVS Health Backtesting

CVS -- USA Stock  

USD 65.76  0.84  1.29%

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.
 Time Horizon     30 Days    Login   to change

CVS Health 'What if' Analysis

April 20, 2018
No Change 0.00  0.0%
In 31 days
May 20, 2018
If you would invest  0.00  in CVS Health on April 20, 2018 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, Envision Healthcare, Concord Medical, Centene, Community Health, and DAVITA INC. CVS Health Corporation, together with its subsidiaries, provides integrated pharmacy health care services

CVS Health Upside/Downside Indicators

Information Ratio0.019153
Maximum Drawdown7.4
Value At Risk3.03
Potential Upside3.16

CVS Health Market Premium Indicators

Risk Adjusted Performance0.01

CVS Health Backtested Returns

We consider CVS Health not too risky. CVS Health secures Sharpe Ratio (or Efficiency) of 0.0041 which signifies that CVS Health had 0.0041% of return per unit of volatility over the last 1 month. Our approach towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CVS Health Corporation which you can use to evaluate future volatility of the firm. Please confirm CVS Health Risk Adjusted Performance of 0.01 and Mean Deviation of 1.75 to double-check if risk estimate we provide are consistent with the epected return of 0.009%. CVS Health has performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and CVS Health are completely uncorrelated. Although it is extremely important to respect CVS Health historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing CVS Health technical indicators you can now evaluate if the expected return of 0.009% will be sustainable into the future. CVS Health currently shows a risk of 2.1839%. Please confirm CVS Health Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if CVS Health will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.28 

Poor predictability

CVS Health Corporation has poor predictability. Overlapping area represents the amount of predictability between CVS Health time series from April 20, 2018 to May 5, 2018 and May 5, 2018 to May 20, 2018. 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 0.28 indicates that nearly 28.0% of current CVS Health price fluctuation can be explain by its past prices.
Correlation Coefficient 0.28
Spearman Rank Test -0.15
Price Variance 4.26
Lagged Price Variance 5.79

CVS Health lagged returns against current returns

 Current and Lagged Values 

CVS Health regressed lagged prices vs. current prices

 Current vs Lagged Prices 

CVS Health Lagged Returns

 Regressed Prices 

Current Sentiment - CVS

CVS Health Investor Sentiment
Predominant part of Macroaxis users are currently bullish on CVS Health Corporation. What is your opinion about investing in CVS Health Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for JC Penney and Macys. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
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. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.