CVS Health Cash per Share vs. Beta

CVS -- USA Stock  

USD 79.59  0.63  0.80%

The Drivers Module shows relationships between CVS Health's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of CVS Health Corporation over time as well as its relative position and ranking within its peers. Check also Trending Equities

CVS Health Beta vs. Cash per Share Fundamental Analysis

CVS Health Corporation is rated fifth in cash per share category among related companies. It is rated below average in beta category among related companies totaling about  0.02  of Beta per Cash per Share. The ratio of Cash per Share to Beta for CVS Health Corporation is roughly  45.88 
Cash per Share is a ratio of current cash on hands or in the banks of the company to total number of shares outstanding. It is used to determine firm's liquidity and is a good indicator of overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
CVS Health 
Cash per Share 
 = 
Total Cash 
Average Shares 
=
43.13 times
Companies with high Cash per Share ratio will be considered as attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals
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 
=
0.94
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.

CVS Health Beta Comparison

  Beta 
      CVS Health Comparables 
CVS Health is rated fifth in beta category among related companies.
  Cash per Share 
      CVS Health Comparables 
CVS Health is rated fourth in cash per share category among related companies.

Beta Analysis

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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