Mckesson Stock Price on February 2, 2024
| MCK Stock | USD 564.52 8.76 1.58% |
If you're considering investing in McKesson Stock, it is important to understand the factors that can impact its price. As of today, the current price of McKesson stands at 564.52, as last reported on the 20th of May, with the highest price reaching 564.87 and the lowest price hitting 557.93 during the day. We consider McKesson very steady. McKesson has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of volatility over the last 3 months. We have found thirty technical indicators for McKesson, which you can use to evaluate the volatility of the firm. Please verify McKesson's mean deviation of 0.7514, and Risk Adjusted Performance of 0.114 to check out if the risk estimate we provide is consistent with the expected return of 0.17%.
McKesson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
McKesson |
Sharpe Ratio = 0.1924
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Estimated Market Risk
| 0.91 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average McKesson is performing at about 15% of its full potential. 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 McKesson by adding it to a well-diversified portfolio.
McKesson Valuation on February 2, 2024
It is possible to determine the worth of McKesson on a given historical date. On February 2, 2024 McKesson was worth 503.78 at the beginning of the trading date compared to the closed value of 503.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of McKesson stock. Still, in general, we apply an absolute valuation method to find McKesson'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 McKesson where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against McKesson's related companies.
| Open | High | Low | Close | Volume | |
| 497.62 | 503.81 | 487.34 | 501.26 | 733,677 | |
02/02/2024 | 503.78 | 508.09 | 502.03 | 503.85 | 691,495 |
| 507.86 | 510.94 | 502.26 | 507.34 | 633,283 |
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McKesson Trading Date Momentum on February 2, 2024
| On February 05 2024 McKesson was traded for 507.34 at the closing time. Highest McKesson's price during the trading hours was 510.94 and the lowest price during the day was 502.26 . The net volume was 633.3 K. The overall trading history on the 5th of February contributed to the next trading period price upswing. The trading delta at closing time to the next next day price was 0.69% . The trading delta at closing time to current price is 0.76% . |
McKesson Fundamentals Correlations and Trends
By evaluating McKesson'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 McKesson's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. McKesson financial account trend analysis is a perfect complement when working with valuation or volatility modules.About McKesson Stock history
McKesson 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 McKesson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in McKesson 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 McKesson stock prices may prove useful in developing a viable investing in McKesson
McKesson Corporation provides healthcare services in the United States and internationally. McKesson Corporation was founded in 1833 and is headquartered in Irving, Texas. Mckesson Corp operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. It employs 58000 people.
McKesson Stock Technical Analysis
McKesson 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
McKesson Period Price Range
Low | February 2, 2024
| High |
503.78 | 503.85 |
McKesson May 20, 2024 Market Strength
Market strength indicators help investors to evaluate how McKesson stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading McKesson shares will generate the highest return on investment. By undertsting and applying McKesson stock market strength indicators, traders can identify McKesson entry and exit signals to maximize returns
| Accumulation Distribution | 8247.48 | |||
| Daily Balance Of Power | 0.0116 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 505.06 | |||
| Day Typical Price | 504.66 | |||
| Price Action Indicator | (1.17) | |||
| Period Momentum Indicator | 60.67 | |||
| Relative Strength Index | 64.37 |
McKesson Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for McKesson's price direction in advance. Along with the technical and fundamental analysis of McKesson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of McKesson 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 | 0.114 | |||
| Jensen Alpha | 0.1495 | |||
| Total Risk Alpha | 0.0571 | |||
| Sortino Ratio | 0.1195 | |||
| Treynor Ratio | 0.7356 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.Note that the McKesson information on this page should be used as a complementary analysis to other McKesson'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for McKesson Stock analysis
When running McKesson's price analysis, check to measure McKesson'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 McKesson is operating at the current time. Most of McKesson's value examination focuses on studying past and present price action to predict the probability of McKesson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McKesson's price. Additionally, you may evaluate how the addition of McKesson to your portfolios can decrease your overall portfolio volatility.
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Is McKesson'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 McKesson. If investors know McKesson 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 McKesson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of McKesson is measured differently than its book value, which is the value of McKesson that is recorded on the company's balance sheet. Investors also form their own opinion of McKesson's value that differs from its market value or its book value, called intrinsic value, which is McKesson'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 McKesson's market value can be influenced by many factors that don't directly affect McKesson'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 McKesson's value and its price as these two are different measures arrived at by different means. Investors typically determine if McKesson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McKesson'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.