CVS Health Backtesting

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

CVS Health 'What if' Analysis

April 24, 2017
No Change 0.00  0.0%
In 31 days
May 24, 2017
If you would invest  0.00  in CVS Health on April 24, 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 Corp, MEDNAX, Envision Healthcare, Alere, Concord Medical, and Centene Corp. 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 

CVS Health regressed lagged prices vs. current prices

 Current vs Lagged Prices 

CVS Health Backtested Returns

Macroaxis considers CVS Health to be not too risky. CVS Health secures Sharpe Ratio (or Efficiency) of -0.0952 which signifies that CVS Health had -0.0952% 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-eight 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 (0.04) and Mean Deviation of 1.07 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 1.2779 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 trading patterns. 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-eight different technical indicators which can help you to evaluate its performance. CVS Health has expected return of -0.1488%. Please be advised to confirm CVS Health Value At Risk as well as the relationship between Skewness and Day Median Price to decide if CVS Health past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.58 

Modest predictability

CVS Health Corporation has modest predictability. Overlapping area represents the amount of predictability between CVS Health time series from April 24, 2017 to May 9, 2017 and May 9, 2017 to May 24, 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 0.58 indicates that roughly 58.0% of current CVS Health price fluctuation can be explain by its past prices.
Correlation Coefficient 0.58
Spearman Rank Test 0.55
Price Variance 4.54
Lagged Price Variance 1.22

CVS Health Lagged Returns

 Regressed Prices 

CVS Health Performance vs NYSE

The median price of CVS Health for the period between Mon, Apr 24, 2017 and Wed, May 24, 2017 is 80.94 with a coefficient of variation of 2.71. The daily time series for the period is distributed with a sample standard deviation of 2.17, arithmetic mean of 80.02, and mean deviation of 1.77. The Stock received some media coverage during the period.
Price Growth (%)  
CVS Health exotic insider transaction detected05/23/2017