Elevance Market Capitalization from 2010 to 2024
| ELV Stock | USD 542.72 4.24 0.79% |
Check Elevance Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elevance Health's main balance sheet or income statement drivers, such as Interest Expense of 1.1 B, Total Revenue of 179.9 B or Gross Profit of 161.7 B, as well as many indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.0153 or PTB Ratio of 1.5. Elevance financial statements analysis is a perfect complement when working with Elevance Health Valuation or Volatility modules.
Elevance | Market Capitalization |
Latest Elevance Health's Market Capitalization Growth Pattern
Below is the plot of the Market Cap of Elevance Health over the last few years. It is Elevance Health's Market Cap historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elevance Health's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 125.15 B | 10 Years Trend |
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Market Cap |
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Elevance Market Capitalization Regression Statistics
| Arithmetic Mean | 42,118,617,819 | |
| Geometric Mean | 37,017,192,070 | |
| Coefficient Of Variation | 41.83 | |
| Mean Deviation | 15,345,737,249 | |
| Median | 51,859,499,647 | |
| Standard Deviation | 17,618,205,952 | |
| Sample Variance | 310401180.9T | |
| Range | 50.1B | |
| R-Value | 0.89 | |
| Mean Square Error | 70492756T | |
| R-Squared | 0.79 | |
| Slope | 3,499,597,276 | |
| Total Sum of Squares | 4345616533.3T |
Elevance Market Capitalization History
About Elevance Health Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Elevance Health income statement, its balance sheet, and the statement of cash flows. Elevance Health investors use historical funamental indicators, such as Elevance Health's Market Capitalization, to determine how well the company is positioned to perform in the future. Although Elevance Health investors may use each financial statement separately, they are all related. The changes in Elevance Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elevance Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Elevance Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Elevance Health. Please read more on our technical analysis and fundamental analysis pages.
It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. Elevance Health Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana. Elevance Health operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 98200 people.
Pair Trading with Elevance 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 Elevance 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 Elevance Health will appreciate offsetting losses from the drop in the long position's value.Moving against Elevance Stock
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| 0.74 | SSY | SunLink Health Systems | PairCorr |
| 0.71 | MYND | MYnd Analytics Symbol Change | PairCorr |
| 0.67 | VREX | Varex Imaging Corp Fiscal Year End 12th of November 2024 | PairCorr |
The ability to find closely correlated positions to Elevance 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 Elevance 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 Elevance 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 Elevance Health to buy it.
The correlation of Elevance Health is a statistical measure of how it moves in relation to other instruments. 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 Elevance Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevance Health 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 Elevance 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.Additional Tools for Elevance Stock Analysis
When running Elevance Health's price analysis, check to measure Elevance 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 Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance 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 Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.