CVS Corp Return on Average Assets Trend from 2010 to 2022

CVS
 Stock
  

USD 102.26  0.39  0.38%   

CVS Corp Return on Average Assets yearly trend continues to be relatively stable with very little volatility. Return on Average Assets are likely to grow to 0.038 this year. During the period from 2010 to 2022, CVS Corp Return on Average Assets destribution of quarterly values had r-value of (0.56) from its regression line and median of  0.05. As of 08/08/2022, Direct Expenses is likely to grow to about 259 B, while Consolidated Income is likely to drop slightly above 7 B.
  
Check CVS Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS Corp main balance sheet or income statement drivers, such as Direct Expenses of 259 B, Consolidated Income of 7 B or Cost of Revenue of 214.2 B, as well as many exotic indicators such as Interest Coverage of 8.15, Long Term Debt to Equity of 0.61 or Calculated Tax Rate of 30.7. CVS Corp financial statements analysis is a perfect complement when working with CVS Corp Valuation or Volatility modules. It can also supplement CVS Corp's financial leverage analysis and stock options assessment as well as various CVS Corp Technical models . Continue to the analysis of CVS Corp Correlation against competitors.

CVS Corp Return on Average Assets Breakdown

Showing smoothed Return on Average Assets of CVS Corp with missing and latest data points interpolated. Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].CVS Corp's Return on Average Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CVS Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 3.86 %10 Years Trend
Decreasing
Slightly volatile
   Return on Average Assets   
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CVS Corp Return on Average Assets Regression Statistics

Arithmetic Mean 0.047538
Coefficient Of Variation 44.05
Mean Deviation 0.016722
Median 0.05
Standard Deviation 0.020943
Sample Variance 0.0004386
Range 0.07
R-Value(0.56)
Mean Square Error 0.00032847
R-Squared 0.31
Significance 0.046597
Slope(0.003011)
Total Sum of Squares 0.005263

CVS Corp Return on Average Assets History

2012 0.059
2013 0.068
2014 0.063
2016 0.057
2017 0.071
2018 -0.004
2019 0.03
2020 0.031
2021 0.034
2022 0.038

About CVS Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CVS Corp income statement, its balance sheet, and the statement of cash flows. CVS Corp investors use historical funamental indicators, such as CVS Corp's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although CVS Corp investors may use each financial statement separately, they are all related. The changes in CVS Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CVS Corp'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 Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CVS Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets 0.034  0.038 
Average Assets232.2 B194.6 B
Average Equity73.4 B65.2 B
Invested Capital Average131.2 B106.5 B
CVS Health Corporation provides health services in the United States. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island. CVS Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 216000 people.

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Our tools can tell you how much better you can do entering a position in CVS Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with CVS Corp

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 Corp 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 Corp will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to CVS Corp 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 Corp 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 Corp - 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 Corp to buy it.
The correlation of CVS Corp is a statistical measure of how it moves in relation to other equities. 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 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS 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 Corp 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
Continue to the analysis of CVS Corp Correlation against competitors. Note that the CVS Corp information on this page should be used as a complementary analysis to other CVS Corp'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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Is CVS Corp'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 Corp. If investors know CVS Corp 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 Corp 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 YOY
0.062
Market Capitalization
134.2 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0391
Return On Equity
0.11
The market value of CVS Corp is measured differently than its book value, which is the value of CVS Corp that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Corp's value that differs from its market value or its book value, called intrinsic value, which is CVS Corp'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 Corp's market value can be influenced by many factors that don't directly affect CVS Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine CVS Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Corp'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.