Cardinal Stock In The News

Cardinal Health stock price changes are notoriously difficult to predict based exclusively on its news coverage or social hype. Still, the Cardinal earnings-per-share ratio is a good starting point for gauging a company's future prospects. If a firm's EPS rises and meets or even beats consensus forecasts, its shares stand to increase. However, some very sophisticated investors can spot management manipulation of EPS through actions such as buybacks.
There is far too much social signal, news, headlines, and media speculation about Cardinal Health that is available to investors today. That information is available publicly through Cardinal media outlets and privately through word of mouth or via Cardinal internal channels. However, regardless of the origin, that massive amount of Cardinal data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Cardinal Health news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Cardinal Health relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Cardinal Health's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Cardinal Health alpha.

Cardinal Largest EPS Surprises

Earnings surprises can significantly impact Cardinal Health's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2005-10-26
2005-09-300.720.63-0.0912 
2010-01-28
2009-12-310.460.570.1123 
2009-11-05
2009-09-300.430.540.1125 
2005-08-05
2005-06-300.890.78-0.1112 
2011-04-28
2011-03-310.690.810.1217 
2011-02-03
2010-12-310.610.730.1219 
View All Earnings Estimates

Cardinal Health Stock Latest Headlines

Some academic researchers believe in a strong correlation between financial news and their impacts on the movements of stock prices. Macroaxis does not take a position on this subject and only provides tools that can help investors to time the market using conventional financial analysis. Below is the latest headlines and news related to Cardinal Health Stock. The global stock market is bullish. About 67% of major world exchanges and indexes are currently up. See today's market update for more information.
Macroaxis News
30th of June 2022
Payment of 9523 shares by Michael Kaufmann of Cardinal Health subject to Rule 16b-3
at MacroaxisInsider 
news
27th of June 2022
Nuvations new solid tumor focus hits snag on FDA hold - FierceBiotech
at www.fiercebiotech.com 
news
13th of June 2022
2 dividend aristocrats stocks for June 2022 - Finbold - Finance in Bold
at finbold.com 
news
2nd of June 2022
Cardinal Health continues at-Home Solutions growth with new distribution center in Central...
at www.marketscreener.com 
sbwire news
24th of May 2022
The 7 Highest-Yielding Dividend Stocks to Buy Now for Income - InvestorPlace
at investorplace.com 
news
18th of May 2022
As monkeypox cases emerge in US and Europe, Bavarian Nordic inks vaccine order - FiercePha...
at www.fiercepharma.com 
news
11th of May 2022
Cardinal Health Stock Quarterly Dividend Increase Declared - Pulse 2.0
at pulse2.com 
news
6th of May 2022
Inflation Supply Chain Woes Bash Cardinal Healths Earnings - Medical Device and Diagnostic...
at www.mddionline.com 
news
28th of April 2022
Cardinal Health Scheduled to Post Earnings on Thursday - Defense World
at www.defenseworld.net 
Thestreet News
19th of April 2022
Johnson Johnson Suspends Vaccine Sales Guidance, Boosts Dividend Stock Hits Record High - ...
at www.thestreet.com 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cardinal Health 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 Cardinal 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 Cardinal 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 Cardinal Health will appreciate offsetting losses from the drop in the long position's value.

Cardinal Health Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Cardinal 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 Cardinal 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 Cardinal 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 Cardinal Health to buy it.
The correlation of Cardinal Health 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 Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Health 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 Cardinal 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
Continue to Cardinal Health Backtesting and Cardinal Health Hype Analysis. Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Cardinal Health price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal 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 Cardinal Health. If investors know Cardinal 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 Cardinal 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 YOY
-0.92
Market Capitalization
14.5 B
Quarterly Revenue Growth YOY
0.14
Return On Assets
0.0253
Return On Equity
-1.73
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal 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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal 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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Cardinal Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal 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.
CAH
 Stock
  

USD 53.10  0.83  1.59%   

Popular news outlets such as MarketWatch, Bloomberg, or Reuters provide Cardinal and other traded companies coverage. We help investors stay connected with Cardinal headlines for the 4th of July to make an informed investment decision based on correlating the impacts of news items on Cardinal Stock performance. Please note that trading solely based on the Cardinal Health hype is not for everyone as timely availability and quick action are needed to avoid losses. The current Net Income Common Stock is estimated to decrease to about 501.3 M.
  
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Some academic researchers believe in a strong correlation between financial news and their impacts on the movements of stock prices. Macroaxis does not take a position on this subject and only provides tools that can help investors to time the market using Cardinal Health headlines in addition to utilizing other, more conventional financial analysis modules. Continue to Cardinal Health Backtesting and Cardinal Health Hype Analysis.
Cardinal Health's linear event process diagram shows some of the filtered current and past headlines as well as many other corporate-specific events such as SEC filings, dividends, and regulatory reporting available to the public. This module can help Cardinal Health investors visualize upcoming and past events in order to time the market based on Cardinal Health noise-free hype analysis.