Cvs Health Corp Stock Alpha and Beta Analysis
| CVS Stock | USD 67.18 0.15 0.22% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as CVS Health Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in CVS Health over a specified time horizon. Remember, high CVS Health's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to CVS Health's market risk premium analysis include:
Beta 0.55 | Alpha (0.19) | Risk 1.41 | Sharpe Ratio (0.08) | Expected Return (0.11) |
CVS Health Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
CVS |
CVS Health Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. CVS Health market risk premium is the additional return an investor will receive from holding CVS Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in CVS Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate CVS Health's performance over market.| α | -0.19 | β | 0.55 |
CVS Health expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of CVS Health's Buy-and-hold return. Our buy-and-hold chart shows how CVS Health performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.CVS Health Market Price Analysis
Market price analysis indicators help investors to evaluate how CVS 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 CVS Health shares will generate the highest return on investment. By understating and applying CVS Health stock market price indicators, traders can identify CVS Health position entry and exit signals to maximize returns.
CVS Health Return and Market Media
The median price of CVS Health for the period between Sat, Jan 27, 2024 and Fri, Apr 26, 2024 is 73.89 with a coefficient of variation of 4.16. The daily time series for the period is distributed with a sample standard deviation of 3.07, arithmetic mean of 73.84, and mean deviation of 2.4. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| CVS Health dividend paid on 1st of February 2024 | 02/01/2024 |
1 | Disposition of 6698 shares by Laurie Havanec of CVS Health at 76.43 subject to Rule 16b-3 | 02/26/2024 |
2 | 3,565 Shares in CVS Health Co. Bought by Fidelity D D Bancorp Inc. | 03/12/2024 |
3 | Disposition of 33402 shares by Thomas Cowhey of CVS Health at 74.31 subject to Rule 16b-3 | 03/15/2024 |
4 | The Bargain Hunters Dream 3 Underpriced Stocks Poised for Massive Gains | 04/01/2024 |
5 | CVS Health to cover Perrigo OTC birth control pill | 04/04/2024 |
6 | Perrigo shares get price target boost on resilient sales | 04/08/2024 |
7 | Fitch cites Medicare utilization impact on managed care | 04/10/2024 |
8 | STAT Thanks to CVS, a biosimilar version of AbbVies Humira is grabbing huge market share | 04/15/2024 |
9 | RansomHub Gang Leaks Stolen Patient Data From Change Healthcare in Double Extortion Method | 04/16/2024 |
10 | CVS Health to Report Q1 Earnings Whats in the Cards | 04/18/2024 |
11 | Baum Family Investments Embarks on Triple Net Lease Strategy with 250 Million Acquisition Goal | 04/23/2024 |
12 | 15 Best Cheap Stocks To Buy For 2024 | 04/25/2024 |
About CVS Health Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including CVS or other stocks. Alpha measures the amount that position in CVS Health Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0193 | 0.0309 | 0.0241 | Price To Sales Ratio | 0.47 | 0.28 | 0.27 |
CVS Health Upcoming Company Events
As portrayed in its financial statements, the presentation of CVS Health's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CVS Health's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of CVS Health's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of CVS Health. Please utilize our Beneish M Score to check the likelihood of CVS Health's management manipulating its earnings.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with CVS Health
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out CVS Health Backtesting, CVS Health Valuation, CVS Health Correlation, CVS Health Hype Analysis, CVS Health Volatility, CVS Health History and analyze CVS Health Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for CVS Stock analysis
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.