Cvs Health Corp Stock Market Value

CVS Stock  USD 77.57  0.17  0.22%   
CVS Health's market value is the price at which a share of CVS Health stock trades on a public exchange. It measures the collective expectations of CVS Health Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of CVS Health Corp and determine expected loss or profit from investing in CVS Health over a given investment horizon.
Check out CVS Health Correlation, CVS Health Volatility and CVS Health Alpha and Beta module to complement your research on CVS Health.
Symbol

CVS Health Corp Price To Book Ratio

Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
2.42
Earnings Share
6.47
Revenue Per Share
277.528
Quarterly Revenue Growth
0.12
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

CVS Health 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CVS Health's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CVS Health.
0.00
03/29/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/18/2024
0.00
If you would invest  0.00  in CVS Health on March 29, 2022 and sell it all today you would earn a total of 0.00 from holding CVS Health Corp or generate 0.0% return on investment in CVS Health over 720 days. CVS Health is related to or competes with Veeva Systems, Edwards Lifesciences, Definitive Healthcare, Doximity, Venus Concept, and Outset MedicalInc. CVS Health Corporation provides health services in the United States More

CVS Health Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CVS Health's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CVS Health Corp upside and downside potential and time the market with a certain degree of confidence.

CVS Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CVS Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CVS Health's standard deviation. In reality, there are many statistical measures that can use CVS Health historical prices to predict the future CVS Health's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of CVS Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of CVS Health in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
76.1677.4478.72
Details
Intrinsic
Valuation
LowRealHigh
69.6683.5284.80
Details
Naive
Forecast
LowNextHigh
78.3479.6280.89
Details
27 Analysts
Consensus
LowTargetHigh
82.0590.16100.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CVS Health. Your research has to be compared to or analyzed against CVS Health's peers to derive any actionable benefits. When done correctly, CVS Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CVS Health Corp.

CVS Health Corp Backtested Returns

We consider CVS Health very steady. CVS Health Corp secures Sharpe Ratio (or Efficiency) of 0.0395, which signifies that the company had 0.0395% return per unit of volatility over the last 3 months. Our approach towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for CVS Health Corp, which you can use to evaluate the future volatility of the firm. Please confirm CVS Health's risk adjusted performance of 0.0517, and Mean Deviation of 0.9761 to double-check if the risk estimate we provide is consistent with the expected return of 0.0501%. CVS Health has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0645, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CVS Health returns are expected to increase less than the market. However, during the bear market, the loss on holding CVS Health will be expected to be smaller as well. Although it is important to respect CVS Health Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. CVS Health Corp currently shows a risk of 1.27%. Please confirm CVS Health Corp value at risk, as well as the relationship between the skewness and day median price to decide if CVS Health Corp will be following its price patterns.

Auto-correlation

    
  -0.42  

Modest reverse predictability

CVS Health Corp has modest reverse predictability. Overlapping area represents the amount of predictability between CVS Health time series from 29th of March 2022 to 24th of March 2023 and 24th of March 2023 to 18th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CVS Health Corp price movement. The serial correlation of -0.42 indicates that just about 42.0% of current CVS Health price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.09
Residual Average0.0
Price Variance14.96

CVS Health Corp lagged returns against current returns

Autocorrelation, which is CVS Health stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CVS Health's stock expected returns. We can calculate the autocorrelation of CVS Health returns to help us make a trade decision. For example, suppose you find that CVS Health stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

CVS Health regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CVS Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CVS Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CVS Health stock over time.
   Current vs Lagged Prices   
       Timeline  

CVS Health Lagged Returns

When evaluating CVS Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CVS Health stock have on its future price. CVS Health autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CVS Health autocorrelation shows the relationship between CVS Health stock current value and its past values and can show if there is a momentum factor associated with investing in CVS Health Corp.
   Regressed Prices   
       Timeline  

Pair Trading with CVS Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS Health will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS Health Corp to buy it.
The correlation of CVS Health is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CVS Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:
Check out CVS Health Correlation, CVS Health Volatility and CVS Health Alpha and Beta module to complement your research on CVS Health.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
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CVS Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of CVS Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CVS Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...