Macroaxis considers CVS Health to be not too risky. CVS Health secures Sharpe Ratio (or Efficiency) of -0.3863 which signifies that CVS Health had -0.3863% of return per unit of volatility over the last 1 month. Macroaxis approach towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. CVS Health Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CVS Health Risk Adjusted Performance of
(0.082054) and Mean Deviation of 1.1 to double-check risk estimate we provide.
|Investment 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 = 0.8272
Projected Return Density Against MarketConsidering 30-days investment horizon, CVS Health has beta of 0.8272 . 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. Additionally, CVS Health Corporation has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of CVS Health is -258.88. The daily returns are destributed with a variance of 2.28 and standard deviation of 1.51. The mean deviation of CVS Health Corporation is currently at 1.07. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23