## CVS Health Information Ratio |

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CVS Health Corporation has current Information Ratio of (0.11). The Information Ratio is the ratio of the alpha component of total returns to the standard deviation of these excess alpha returns. The alpha component is the return that is attributable to the manager skill to time the market and is the residual after taking out the risk free return and the beta components from the total returns. While the Sharpe ratio considers the standard deviation of the total returns, the information ratio considers the variability of only the alpha component of the return (which also forms the numerator). In other words, the information ratio is merely Jensen alpha divided by its standard deviation.

CVS Health |
| = | (0.11) |

ER[a] | = | Expected return on investing in CVS Health |

ER[b] | = | Expected return on market index or selected benchmark |

STD[a] | = | Standard Deviation of returns on CVS Health |

## Information Ratio Comparison

**fourth**in information ratio category among related companies. It is currently under evaluation in maximum drawdown category among related companies .

The higher the information ratio, the greater the chances of the manager to make money in the future. The information ratio only looks to compute the return per unit of risk undertaken for the alpha component. This is important because alpha returns are risky, as they represent a zero sum game for the market as a whole. In fact, average alpha for the market as a whole is in practice slightly less than zero because of transaction and other costs. Therefore it is easy for a manager to take on ?alpha risk? and lose money that will bite into the beta returns.

Compare CVS Health to competition |

CVS Health Corporationration, together with its subsidiaries, offer integrated pharmacy health care services. more

Name | CVS Health Corporation |

Analyst Consensus | |

Piotroski F Score | |

Macroaxis Advice | |

Bond Rating | BBB+Good |

Instrument | USA Stock |

Region | North America |

Exchange | New York Stock Exchange |

CIK Number | 00064803.0 |

ISIN | US1266501006 |

CUSIP | 126650100 |

Currency | USD - US Dollar |

## Technical Indicators

All CVS Health Technical Indicators

Cycle Indicators | |

Math Operators | |

Math Transform | |

Momentum Indicators | |

Overlap Studies | |

Pattern Recognition | |

Price Transform | |

Statistic Functions | |

Volatility Indicators | |

Volume Indicators |

Risk Adjusted Performance | (0.04) | ||

Market Risk Adjusted Performance | (0.11) | ||

Mean Deviation | 1.07 | ||

Coefficient Of Variation | (1,051) | ||

Standard Deviation | 1.56 | ||

Variance | 2.44 | ||

Information Ratio | (0.11) | ||

Jensen Alpha | (0.18) | ||

Total Risk Alpha | (0.22) | ||

Treynor Ratio | (0.12) | ||

Maximum Drawdown | 6.26 | ||

Value At Risk | (3.53) | ||

Potential Upside | 1.79 | ||

Skewness | (0.78) | ||

Kurtosis | 0.7991 |