|Horizon||30 Days Login to change|
CVS Health Market Sensitivity
|As returns on market increase, CVS Health returns are expected to increase less than the market. However during bear market, the loss on holding CVS Health will be expected to be smaller as well.One Month Beta |Analyze CVS Health Demand TrendCheck current 30 days CVS Health correlation with market (DOW)|
β = 0.2186
CVS Health Technical Analysis
CVS Health Projected Return Density Against MarketConsidering 30-days investment horizon, CVS Health has beta of 0.2186 . 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 0.3017 implying that it can potentially generate 0.3017% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
CVS Health Return VolatilityCVS Health Corporation has volatility of 1.5466% on return distribution over 30 days investment horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.