CVS Cash And Short Term Investments from 2010 to 2024

CVS Stock  USD 79.43  0.11  0.14%   
CVS Health Cash And Short Term Investments yearly trend continues to be comparatively stable with very little volatility. Cash And Short Term Investments are likely to outpace its year average in 2024. Cash And Short Term Investments is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. View All Fundamentals
 
Cash And Short Term Investments  
First Reported
1985-12-31
Previous Quarter
16.2 B
Current Value
11.5 B
Quarterly Volatility
7.3 B
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check CVS Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.6 B, Interest Expense of 2.8 B or Selling General Administrative of 45.2 B, as well as many exotic indicators such as Short Term Coverage Ratios of 2.71, Price Earnings Ratio of 11.55 or Price To Sales Ratio of 0.27. CVS financial statements analysis is a perfect complement when working with CVS Health Valuation or Volatility modules.
  
This module can also supplement CVS Health's financial leverage analysis and stock options assessment as well as various CVS Health Technical models . Check out the analysis of CVS Health Correlation against competitors.

Latest CVS Health's Cash And Short Term Investments Growth Pattern

Below is the plot of the Cash And Short Term Investments of CVS Health Corp over the last few years. Short Term Investments is an account in the current assets section of CVS Health Corp balance sheet. This account contains CVS Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CVS Health Corp fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. CVS Health's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CVS Health's overall financial position and show how it may be relating to other accounts over time.
Cash And Short Term Investments10 Years Trend
Slightly volatile
   Cash And Short Term Investments   
       Timeline  

CVS Cash And Short Term Investments Regression Statistics

Arithmetic Mean6,321,896,667
Geometric Mean4,100,238,081
Coefficient Of Variation79.76
Mean Deviation4,395,796,444
Median4,177,000,000
Standard Deviation5,042,570,505
Sample Variance25427517.3T
Range15.4B
R-Value0.91
Mean Square Error4825799.7T
R-Squared0.82
Slope1,023,386,964
Total Sum of Squares355985242.2T

CVS Cash And Short Term Investments History

202412 B
202311.5 B
202215.7 B
202112.5 B
202010.9 B
20198.1 B
20186.6 B

About CVS Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CVS Health income statement, its balance sheet, and the statement of cash flows. CVS Health investors use historical funamental indicators, such as CVS Health's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although CVS Health investors may use each financial statement separately, they are all related. The changes in CVS Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CVS 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 CVS Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CVS Health. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Cash And Short Term Investments11.5 B12 B

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.

Moving against CVS Stock

  0.43MBIO Mustang Bio Report 3rd of April 2024 PairCorr
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 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 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 the analysis of CVS Health Correlation against competitors.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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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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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.