Macroaxis considers CVS Health not too risky given 1 month investment horizon. CVS Health secures Sharpe Ratio (or Efficiency) of 0.1003 which signifies that CVS Health had 0.1003% 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-one 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 0.062 and Mean Deviation of 1.45 to double-check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
CVS Health Market Sensitivity
|As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, CVS Health will likely underperform.One Month Beta |Analyze CVS Health Demand TrendCheck current 30 days CVS Health correlation with market (DOW)|
β = 2.5497
CVS Health Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, the stock has beta coefficient of 2.5497 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, CVS Health will likely underperform. 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 996.97. The daily returns are destributed with a variance of 4.34 and standard deviation of 2.08. The mean deviation of CVS Health Corporation is currently at 1.53. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47