CVS Health Corporation shows Risk Adjusted Performance of 0.63 and Mean Deviation of 1.7. CVS Health technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for CVS Health Corporation which can be compared to its rivals. Please confirm CVS HealthVariance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if CVS Health is priced some-what accurately providing market reflects its regular price of 68.0 per share. Given that CVS Health has Jensen Alpha of 0.56, we suggest you validate CVS Health Corporation prevailing market performance to make sure the company can sustain itself at some point future time.
The output start index for this execution was five with a total number of output elements of twelve. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of CVS Health volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
CVS Health Trend Analysis
Use this graph to draw trend lines for CVS Health Corporation. You can use it to identify possible trend reversals for CVS Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual CVS Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
CVS Health Best Fit Change Line
The following chart estimates an ordinary least squares regression model for CVS Health Corporation applied against its price change over selected period. The best fit line has a slop of 0.67 % which may imply that the returns on investment in CVS Health Corporation will continue to fail. It has 34 observation points and a regression sum of squares at 361.95, which is the sum of squared deviations for the predicted CVS Health price change compared to its average price change.
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CVS Health Corporation is rated third in mean deviation category among related companies. It is rated second in standard deviation category among related companies creating about 1.20 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for CVS Health Corporation is roughly 1.20