CVS Health Beta

CVS -- USA Stock  

USD 80.80  0.97  1.22%

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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 
 = 
1.0

CVS Health 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 1.0. This is 15.25% lower than that of the Healthcare sector, and 33.33% higher than that of Health Care Plans industry, The Beta for all stocks is 194.12% lower than the firm.

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CVS Health Institutional Holders

Current Institutional Investors

Security TypeSharesValue
Blackrock IncCommon Shares76.2 M6 B
State Street CorpCommon Shares41.5 M3.3 B
Fmr LlcCommon Shares30.1 M2.4 B
Jpmorgan Chase CoCommon Shares17.7 M1.4 B
Bank Of New York Mellon CorpCommon Shares12.6 M989.6 M
Veritas Asset Management LlpCommon Shares11.7 M921.8 M
Wells Fargo CompanyCommon Shares9.7 M762.1 M
CVS Health returns are very sensitive to returns on the market. As market goes up or down, CVS Health is expected to follow.


 
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