|Horizon||30 Days Login to change|
CVS Health Market Sensitivity
CVS Health Technical Analysis
CVS Health Projected Return Density Against MarketConsidering 30-days investment horizon, CVS Health has beta of 0.7085 . This suggests as returns on market go up, CVS Health average returns are expected to increase less than the benchmark. However during bear market, the loss on holding CVS Health Corporation will be expected to be much smaller as well. Moreover, CVS Health Corporation has an alpha of 0.0167 implying that it can potentially generate 0.0167% excess return over DOW after adjusting for the inherited market risk (beta).
CVS Health Return VolatilityCVS Health Corporation has volatility of 2.8199% on return distribution over 30 days investment horizon. DOW inherits 1.3173% risk (volatility on return distribution) over the 30 days horizon.