Elevance Health Stock Alpha and Beta Analysis
| ELV Stock | USD 519.19 2.22 0.43% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Elevance Health. It also helps investors analyze the systematic and unsystematic risks associated with investing in Elevance Health over a specified time horizon. Remember, high Elevance 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 Elevance Health's market risk premium analysis include:
Beta 0.54 | Alpha 0.007376 | Risk 1.09 | Sharpe Ratio 0.0535 | Expected Return 0.0585 |
Elevance 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.
Elevance |
Elevance Health Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Elevance Health market risk premium is the additional return an investor will receive from holding Elevance 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 Elevance 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 Elevance Health's performance over market.| α | 0.01 | β | 0.54 |
Elevance 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 Elevance Health's Buy-and-hold return. Our buy-and-hold chart shows how Elevance Health performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Elevance Health Market Price Analysis
Market price analysis indicators help investors to evaluate how Elevance 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 Elevance Health shares will generate the highest return on investment. By understating and applying Elevance Health stock market price indicators, traders can identify Elevance Health position entry and exit signals to maximize returns.
Elevance Health Return and Market Media
The median price of Elevance Health for the period between Wed, Feb 28, 2024 and Tue, May 28, 2024 is 514.67 with a coefficient of variation of 2.95. The daily time series for the period is distributed with a sample standard deviation of 15.32, arithmetic mean of 518.95, and mean deviation of 13.46. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| Elevance Health dividend paid on 22nd of March 2024 | 03/22/2024 |
1 | Acquisition by Charles Kendrick of 7786 shares of Elevance Health at 469.03 subject to Rule 16b-3 | 04/05/2024 |
2 | Is It Time To Consider Buying Elevance Health, Inc. | 04/12/2024 |
3 | Elevance Health Reports First Quarter 2024 Results | 04/18/2024 |
4 | Molina Healthcare Q1 Earnings Beat on Growing Membership | 04/25/2024 |
5 | Elevance Health Stock Moves 0.38 percent What You Should Know - Yahoo Movies UK | 05/03/2024 |
6 | Ryvid Outset launched as 5,995 US-built electric motorcycle | 05/07/2024 |
7 | Jeff Auxiers Firm Dissolves Textainer Group Position, Trims Biogen | 05/08/2024 |
8 | Introducing the New Ryvid Outset Electric Motorcycle and Extremely Accessible New Pricing | 05/10/2024 |
9 | U.S. Managed Care Market Report 2024, with Focus on Medicare, Medicaid and Private Health Insurance | 05/14/2024 |
10 | Aspira Womens Health Reports First Quarter 2024 Financial Results | 05/15/2024 |
11 | Disposition of tradable shares by Ronald Penczek of Elevance Health at 454.35 subject to Rule 16b-3 | 05/16/2024 |
12 | Insiders At Elevance Health Sold US9.2m In Stock, Alluding To Potential Weakness | 05/17/2024 |
13 | Elevance Health Announces Appearance at Bernsteins 40th Annual Strategic Decisions Conference | 05/20/2024 |
14 | Elevance Rises 14.9 percent YTD What Lies Ahead for Investors | 05/21/2024 |
15 | Acquisition by Neri Antonio F of 388 shares of Elevance Health subject to Rule 16b-3 | 05/23/2024 |
About Elevance 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 Elevance or other stocks. Alpha measures the amount that position in Elevance Health 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 | 2022 | 2023 (projected) | Dividend Yield | 0.009769 | 0.009983 | 0.0125 | Price To Sales Ratio | 0.82 | 0.79 | 0.65 |
Elevance Health Upcoming Company Events
As portrayed in its financial statements, the presentation of Elevance Health's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elevance Health's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Elevance Health's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Elevance Health. Please utilize our Beneish M Score to check the likelihood of Elevance Health's management manipulating its earnings.
| 17th of April 2024 Upcoming Quarterly Report | View | |
| 17th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 22nd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Build Portfolio with Elevance 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 Elevance Health Backtesting, Elevance Health Valuation, Elevance Health Correlation, Elevance Health Hype Analysis, Elevance Health Volatility, Elevance Health History and analyze Elevance Health Performance. For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary 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.
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Elevance 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.