CVS Health Risk Analysis And Volatility Evaluation

CVS -- USA Stock  

USD 71.60  0.58  0.80%

Macroaxis considers CVS Health not too risky given 1 month investment horizon. CVS Health secures Sharpe Ratio (or Efficiency) of 0.2518 which signifies that CVS Health had 0.2518% 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. By analyzing CVS Health technical indicators you can now evaluate if the expected return of 0.511% is justified by implied risk. Please makes use of CVS Health Risk Adjusted Performance of 0.01 and Mean Deviation of 1.57 to double-check if our risk estimates are consistent with your expectations.
 Time Horizon     30 Days    Login   to change

CVS Health Technical Analysis

Transformation
null. The output start index for this execution was zero with a total number of output elements of zero. CVS Health Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, CVS Health has beta of 0.0 . This suggests unless we do not have required data, the returns on DOW and CVS Health are completely uncorrelated. Furthermore, CVS Health CorporationIt does not look like CVS Health alpha can have any bearing on the equity current valuation.
Considering 30-days investment horizon, the coefficient of variation of CVS Health is 397.21. The daily returns are destributed with a variance of 4.12 and standard deviation of 2.03. The mean deviation of CVS Health Corporation is currently at 1.58. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=2.03
Ir
Information ratio =0.00

Actual Return Volatility

CVS Health Corporation has volatility of 2.0297% on return distribution over 30 days investment horizon. DOW inherits 0.0% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

CVS Health Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

CVS Health Investment Opportunity
CVS Health Corporation has a volatility of 2.03 and is 9.223372036854776E16 times more volatile than DOW. 18% of all equities and portfolios are less risky than CVS Health. Compared to the overall equity markets, volatility of historical daily returns of CVS Health Corporation is lower than 18 (%) of all global equities and portfolios over the last 30 days.

Total Debt

CVS Health Total Debt History

Total Debt

Volatility Indicators

CVS Health Current Risk Indicators
Check also Trending Equities. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.