CVS Health Probability of Target Price Finishing Over 74.7002

CVS -- USA Stock  

USD 74.18  0.35  0.47%

CVS Health probability of target price tool provides mechanism to make assumptions about upside and downside potential of CVS Health Corporation performance during a given time horizon utilizing its historical volatility. Please specify CVS Health time horizon, a valid symbol (red box) and a target price (blue box) you would like CVS Health odds to be computed. Check also CVS Health Backtesting, CVS Health Valuation, CVS Health Correlation, CVS Health Hype Analysis, CVS Health Volatility, CVS Health History as well as CVS Health Performance.
Horizon     30 Days    Login   to change
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CVS Health Target Price Odds to finish over 74.7002

Current PriceHorizonTarget PriceOdds to move over $ 74.70  or more in 30 days
 74.18 30 days 74.70  ABOUT 78.25%
Based on normal probability distribution, the odds of CVS Health to move over $ 74.70  or more in 30 days from now is about 78.25% (This CVS Health Corporation probability density function shows the probability of CVS Health Stock to fall within a particular range of prices over 30 days) . Probability of CVS Health price to stay between its current price of $ 74.18  and $ 74.70  at the end of the 30-day period is nearly 4.59%.
Considering 30-days investment horizon, CVS Health has beta of 0.2862 . 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
 CVS Health Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.19
β
Beta against DOW=0.29
σ
Overall volatility
=3.11
Ir
Information ratio =0.02

CVS Health Alerts

CVS Health Alerts and Suggestions

CVS Health generates negative expected return over the last 30 days
CVS Health has high historical volatility and very poor performance
CVS Health has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
Over 86.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Sale by Lisa Bisaccia of 7764 shares of CVS Health

Price Density Drivers

CVS Health Health Indicators

Shares Percent Shares Out5.75%
Trailing Annual Dividend Rate2.00
Short Percent Of Float5.76%
Float Shares1.02B
Shares Short Prior Month52M
Average Daily Volume Last 10 Day10M
Average Daily Volume In Three Month7.22M
Date Short InterestSeptember 28, 2018
Trailing Annual Dividend Yield2.68%
Check also CVS Health Backtesting, CVS Health Valuation, CVS Health Correlation, CVS Health Hype Analysis, CVS Health Volatility, CVS Health History as well as CVS Health Performance. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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