CVS Corp Stock Market Value

CVS
 Stock
  

USD 104.05  0.36  0.35%   

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


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.

CVS Corp '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 CVS Corp'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 CVS Corp.
0.00
05/12/2022
No Change 0.00  0.0 
In 3 months and 1 day
08/10/2022
0.00
If you would invest  0.00  in CVS Corp on May 12, 2022 and sell it all today you would earn a total of 0.00 from holding CVS Corp or generate 0.0% return on investment in CVS Corp over 90 days. CVS Corp is related to or competes with Verizon Communications, ATT, Pfizer, Johnson Johnson, General Electric, Coca Cola, and HP. CVS Health Corporation provides health services in the United StatesMore

CVS Corp 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 CVS Corp'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 CVS Corp upside and downside potential and time the market with a certain degree of confidence.

CVS Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CVS Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CVS Corp's standard deviation. In reality, there are many statistical measures that can use CVS Corp historical prices to predict the future CVS Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of CVS Corp'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 CVS Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
102.09103.69105.29
Details
Intrinsic
Valuation
LowReal ValueHigh
93.33109.40111.00
Details
Naive
Forecast
LowNext ValueHigh
105.67107.27108.87
Details
18 Analysts
Consensus
LowTarget PriceHigh
80.00111.00125.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CVS Corp. Your research has to be compared to or analyzed against CVS Corp's peers to derive any actionable benefits. When done correctly, CVS Corp'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 CVS Corp.

CVS Corp Backtested Returns

We consider CVS Corp very steady. CVS Corp secures Sharpe Ratio (or Efficiency) of 0.0716, which signifies that the company had 0.0716% of return per unit of volatility over the last 3 months. Our approach towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for CVS Corp, which you can use to evaluate the future volatility of the firm. Please confirm CVS Corp risk adjusted performance of 0.0885, and Mean Deviation of 1.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
CVS Corp has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.842, which signifies possible diversification benefits within a given portfolio. Let's try to break down what CVS Corp's beta means in this case. As returns on the market increase, CVS Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding CVS Corp will be expected to be smaller as well. Although it is important to respect CVS Corp historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The approach towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing CVS Corp technical indicators, you can now evaluate if the expected return of 0.11% will be sustainable into the future. CVS Corp currently shows a risk of 1.6%. Please confirm CVS Corp value at risk, as well as the relationship between the skewness and day median price to decide if CVS Corp will be following its price patterns.

Auto-correlation

    
  -0.47  

Modest reverse predictability

CVS Corp has modest reverse predictability. Overlapping area represents the amount of predictability between CVS Corp time series from 12th of May 2022 to 26th of June 2022 and 26th of June 2022 to 10th of August 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 CVS Corp price movement. The serial correlation of -0.47 indicates that about 47.0% of current CVS Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.56
Residual Average0.0
Price Variance10.51

CVS Corp lagged returns against current returns

Autocorrelation, which is CVS Corp 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 CVS Corp's stock expected returns. We can calculate the autocorrelation of CVS Corp returns to help us make a trade decision. For example, suppose you find that CVS Corp 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   
Share
       Timeline  

CVS Corp 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 CVS Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CVS Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CVS Corp stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

CVS Corp Lagged Returns

When evaluating CVS Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CVS Corp stock have on its future price. CVS Corp 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, CVS Corp autocorrelation shows the relationship between CVS Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CVS Corp.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

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.

Did you try this?

Run Money Flow Index Now

   

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators
All  Next Launch Module

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.

Moving against CVS Corp

0.56ACURAcura Pharma Cmn Earnings Call  TodayPairCorr
0.54AKUSAkouos Inc Earnings Call  TodayPairCorr
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 CVS Corp Hype Analysis, CVS Corp Correlation, CVS Corp Valuation, CVS Corp Volatility, as well as analyze CVS Corp Alpha and Beta and CVS Corp Performance. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for CVS Corp Stock analysis

When running CVS Corp price analysis, check to measure CVS Corp'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 Corp is operating at the current time. Most of CVS Corp's value examination focuses on studying past and present price action to predict the probability of CVS Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CVS Corp's price. Additionally, you may evaluate how the addition of CVS Corp to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
CVS Corp 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 CVS Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CVS Corp 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...