Cardinal Stock Market Value

CAH
 Stock
  

USD 52.64  0.39  0.75%   

Cardinal Health's market value is the price at which a share of Cardinal Health stock trades on a public exchange. It measures the collective expectations of Cardinal Health investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Cardinal Health and determine expected loss or profit from investing in Cardinal Health over a given investment horizon. Continue to Cardinal Health Hype Analysis, Cardinal Health Correlation, Cardinal Health Valuation, Cardinal Health Volatility, as well as analyze Cardinal Health Alpha and Beta and Cardinal Health Performance.
Symbol
Backtest


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.
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.

Cardinal Health 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cardinal Health's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cardinal Health.
0.00
06/07/2022
No Change 0.00  0.0 
In 30 days
07/07/2022
0.00
If you would invest  0.00  in Cardinal Health on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Cardinal Health or generate 0.0% return on investment in Cardinal Health over 30 days. Cardinal Health is related to or competes with Coca Cola, Home Depot, Verizon Communications, Dupont Denemours, HP, Exxon, and Disney. Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, E...More

Cardinal Health Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cardinal Health's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cardinal Health upside and downside potential and time the market with a certain degree of confidence.

Cardinal Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardinal Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardinal Health's standard deviation. In reality, there are many statistical measures that can use Cardinal Health historical prices to predict the future Cardinal Health's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Cardinal Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Cardinal Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
50.9152.5054.09
Details
Intrinsic
Valuation
LowReal ValueHigh
47.3856.0557.64
Details
Naive
Forecast
LowNext ValueHigh
53.5755.1756.76
Details
8 Analysts
Consensus
LowTarget PriceHigh
48.0057.5064.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cardinal Health. Your research has to be compared to or analyzed against Cardinal Health's peers to derive any actionable benefits. When done correctly, Cardinal Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Cardinal Health.

Cardinal Health Backtested Returns

Cardinal Health secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had -0.15% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Cardinal Health exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cardinal Health risk adjusted performance of (0.07), and Mean Deviation of 1.32 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Cardinal's beta means in this case. As returns on the market increase, Cardinal Health returns are expected to increase less than the market. However, during the bear market, the loss on holding Cardinal Health will be expected to be smaller as well. Even though it is essential to pay attention to Cardinal Health historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Cardinal Health exposes twenty-one different technical indicators, which can help you to evaluate its performance. Cardinal Health has an expected return of -0.24%. Please be advised to confirm Cardinal Health value at risk, and the relationship between the jensen alpha and semi variance to decide if Cardinal Health performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.12  

Insignificant predictability

Cardinal Health has insignificant predictability. Overlapping area represents the amount of predictability between Cardinal Health time series from 7th of June 2022 to 22nd of June 2022 and 22nd of June 2022 to 7th of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cardinal Health price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Cardinal Health price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.47

Cardinal Health lagged returns against current returns

Autocorrelation, which is Cardinal Health stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cardinal Health's stock expected returns. We can calculate the autocorrelation of Cardinal Health returns to help us make a trade decision. For example, suppose you find that Cardinal Health stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Cardinal Health regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cardinal Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardinal Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardinal Health stock over time.
 Current vs Lagged Prices 
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      Timeline 

Cardinal Health Lagged Returns

When evaluating Cardinal Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardinal Health stock have on its future price. Cardinal Health autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cardinal Health autocorrelation shows the relationship between Cardinal Health stock current value and its past values and can show if there is a momentum factor associated with investing in Cardinal Health.
 Regressed Prices 
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      Timeline 

Cardinal Health Investors Sentiment

The influence of Cardinal Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cardinal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Cardinal Health's public news can be used to forecast risks associated with investment in Cardinal. The trend in average sentiment can be used to explain how an investor holding Cardinal can time the market purely based on public headlines and social activities around Cardinal Health. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Cardinal Health's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cardinal Health's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cardinal Health's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Cardinal Health.

Cardinal Health Implied Volatility

    
  32.77  
Cardinal Health's implied volatility exposes the market's sentiment of Cardinal Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cardinal Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cardinal Health stock will not fluctuate a lot when Cardinal Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cardinal Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cardinal Health's short interest history, or implied volatility extrapolated from Cardinal Health options trading.

Current Sentiment - CAH

Cardinal Health Investor Sentiment

Greater number of Macroaxis users are currently bullish on Cardinal Health. What is your opinion about investing in Cardinal Health? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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 Hype Analysis, Cardinal Health Correlation, Cardinal Health Valuation, Cardinal Health Volatility, as well as analyze Cardinal Health Alpha and Beta and Cardinal Health Performance. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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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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Cardinal 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.
A focus of Cardinal Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cardinal Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...