Cardinal Health Stock Price on May 5, 2022
| CAH Stock | USD 102.83 5.36 4.95% |
Below is the normalized historical share price chart for Cardinal Health extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cardinal Health stands at 102.83, as last reported on the 23rd of April, with the highest price reaching 104.50 and the lowest price hitting 101.23 during the day.
If you're considering investing in Cardinal Stock, it is important to understand the factors that can impact its price. Cardinal Health secures Sharpe Ratio (or Efficiency) of -0.0038, which signifies that the company had a -0.0038% return per unit of risk over the last 3 months. Cardinal Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cardinal Health's Risk Adjusted Performance of (0.01), standard deviation of 1.45, and Mean Deviation of 1.06 to double-check the risk estimate we provide.
As of now, Cardinal Health's Common Stock Shares Outstanding is increasing as compared to previous years. The Cardinal Health's current Liabilities And Stockholders Equity is estimated to increase to about 52.4 B, while Total Stockholder Equity is forecasted to increase to (3.1 B). . As of now, Cardinal Health's Price Earnings To Growth Ratio is decreasing as compared to previous years. The Cardinal Health's current Price To Book Ratio is estimated to increase to 2.35, while Price To Operating Cash Flows Ratio is projected to decrease to 3.61. Cardinal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of December 1987 | 200 Day MA 99.8643 | 50 Day MA 109.424 | Beta 0.697 |
Cardinal |
Sharpe Ratio = -0.0038
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| Negative Returns | CAH |
Estimated Market Risk
| 1.49 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cardinal Health is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cardinal Health by adding Cardinal Health to a well-diversified portfolio.
Price Book 16.0657 | Enterprise Value Ebitda 13.5813 | Price Sales 0.1183 | Shares Float 241.9 M | Dividend Share 1.998 |
Cardinal Health Valuation on May 5, 2022
It is possible to determine the worth of Cardinal Health on a given historical date. On May 5, 2022 Cardinal was worth 55.04 at the beginning of the trading date compared to the closed value of 55.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cardinal Health stock. Still, in general, we apply an absolute valuation method to find Cardinal Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cardinal Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cardinal Health's related companies.
| Open | High | Low | Close | Volume | |
| 59.45 | 60.92 | 57.53 | 57.53 | 3,889,570 | |
05/05/2022 | 55.04 | 59.20 | 54.41 | 55.04 | 6,229,015 |
| 57.27 | 58.60 | 55.42 | 55.42 | 2,969,685 |
| Backtest Cardinal Health | | | Cardinal Health History | | | Cardinal Health Valuation | Previous | Next |
Cardinal Health Trading Date Momentum on May 5, 2022
| On May 06 2022 Cardinal Health was traded for 55.42 at the closing time. Highest Cardinal Health's price during the trading hours was 58.60 and the lowest price during the day was 55.42 . The net volume was 3 M. The overall trading history on the 6th of May contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.69% . The overall trading delta to current price is 1.64% . |
Cardinal Health Fundamentals Correlations and Trends
By evaluating Cardinal Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cardinal Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cardinal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cardinal Health Stock history
Cardinal Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cardinal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cardinal Health will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cardinal Health stock prices may prove useful in developing a viable investing in Cardinal Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 301.3 M | 314.6 M | |
| Net Income Applicable To Common Shares | 234.9 M | 223.2 M |
Cardinal Health Stock Technical Analysis
Cardinal 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.
Price Boundaries
Cardinal Health Period Price Range
Low | May 5, 2022
| High |
55.04 | 55.04 |
Cardinal Health April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Cardinal Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Health shares will generate the highest return on investment. By undertsting and applying Cardinal Health stock market strength indicators, traders can identify Cardinal Health entry and exit signals to maximize returns
| Accumulation Distribution | 504003.0 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 56.81 | |||
| Day Typical Price | 56.22 | |||
| Price Action Indicator | (1.77) | |||
| Period Momentum Indicator | 47.79 |
Cardinal Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cardinal Health's price direction in advance. Along with the technical and fundamental analysis of Cardinal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cardinal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.2824 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Cardinal Stock analysis
When running Cardinal Health's price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal 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 Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal 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 Cardinal Health. If investors know Cardinal 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 Cardinal 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 (0.95) | Dividend Share 1.998 | Earnings Share 2.52 | Revenue Per Share 859.435 | Quarterly Revenue Growth 0.116 |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal 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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal 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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal 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.