Macroaxis considers CVS Health not too risky given 1 month investment horizon. CVS Health secures Sharpe Ratio (or Efficiency) of 0.2217 which signifies that CVS Health had 0.2217% 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-eight technical indicators for CVS Health Corporation which you can use to evaluate future volatility of the firm. Please makes use of CVS Health Risk Adjusted Performance of 0.01 and Mean Deviation of 1.24 to double-check if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
CVS Health Technical Analysis
Projected Return Density Against MarketConsidering 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.
Predicted Return Density