CVS Corp Stock Market Value

CVS
 Stock
  

USD 94.52  2.15  2.33%   

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
Backtest


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
0.036
Market Capitalization
123.9 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0386
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
05/27/2022
No Change 0.00  0.0 
In 31 days
06/26/2022
0.00
If you would invest  0.00  in CVS Corp on May 27, 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 30 days. CVS Corp is related to or competes with Anthem, Procter Gamble, ATT, Exxon, Dupont Denemours, Hp, and Alcoa Corp. 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
92.7894.5996.40
Details
Intrinsic
Valuation
LowReal ValueHigh
85.07103.48105.29
Details
Naive
Forecast
LowNext ValueHigh
92.8094.6196.43
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

CVS Corp secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had -0.1% of return per unit of volatility over the last 3 months. Macroaxis approach 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. CVS Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CVS Corp mean deviation of 1.32, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.8656, which signifies possible diversification benefits within a given portfolio. Let's try to break down what CVS Corp's beta means in this case. CVS Corp returns are very sensitive to returns on the market. As the market goes up or down, CVS Corp is expected to follow. Even though it is essential to pay attention to CVS Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach 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. CVS Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. CVS Corp has an expected return of -0.19%. Please be advised to confirm CVS Corp variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if CVS Corp performance from the past will be repeated at future time.

Auto-correlation

    
  -0.7  

Very good reverse predictability

CVS Corp has very good reverse predictability. Overlapping area represents the amount of predictability between CVS Corp time series from 27th of May 2022 to 11th of June 2022 and 11th of June 2022 to 26th of June 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 -0.7 indicates that around 70.0% of current CVS Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.7
Spearman Rank Test-0.49
Residual Average0.0
Price Variance3.11

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 
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      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 
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      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 

CVS Corp Investors Sentiment

The influence of CVS Corp'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 CVS Corp. 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.

CVS Corp Implied Volatility

    
  27.78  
CVS Corp's implied volatility exposes the market's sentiment of CVS Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CVS Corp'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 CVS Corp stock will not fluctuate a lot when CVS Corp'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 CVS Corp 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, CVS Corp's short interest history, or implied volatility extrapolated from CVS Corp options trading.

Current Sentiment - CVS

CVS Corp Investor Sentiment

Predominant part of Macroaxis users are currently bullish on CVS Corp. What is your opinion about investing in CVS Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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.

CVS Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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.
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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...