CVS Health Beta

CVS Health Corporation -- USA Stock  

USD 70.26  0.42  0.59%

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Beta Analysis

Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
CVS Health 
Beta 
 = 
Covariance 
Variance 
 = 
0.62

Distress Driver Correlations

About Beta

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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Income

CVS Health Income Change Over Time

Accumulated Other Comprehensive Income

In accordance with recently published financial statements CVS Health Corporation has Beta of 0.62. This is 47.46% lower than that of the Healthcare sector, and significantly higher than that of Healthcare Services industry, The Beta for all stocks is 82.35% lower than the firm.

Peer Comparison

CVS Health Beta Comparison
  Beta 
      CVS Health Comparables 
CVS Health is currently under evaluation in beta category among related companies.

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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.