CVS Health Cash per Share vs. Beta

CVS Health Corporation -- USA Stock  

USD 71.4  1.02  1.45%

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 fourth in cash per share category among related companies. It is rated fourth in beta category among related companies totaling about  0.29  of Beta per Cash per Share. The ratio of Cash per Share to Beta for CVS Health Corporation is roughly  3.44 
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 
=
2.13 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 
=
0.62
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.

Comparison

Beta Comparison
  Beta 
      CVS Health Comparables 
CVS Health is currently under evaluation in beta category among related companies.
  Cash per Share 
      CVS Health Comparables 
CVS Health is currently under evaluation in cash per share category among related companies.

Beta Analysis

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.
CVS Health Corporationration, together with its subsidiaries, offer integrated pharmacy health care services. more
NameCVS Health Corporation
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
BBB+Good
InstrumentUSA Stock Stocks Directory
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00064803.0
ISINUS1266501006
CUSIP126650100
CurrencyUSD - US Dollar
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