Mckesson Stock Market Value

MCK
 Stock
  

USD 383.34  2.59  0.68%   

Mckesson Corp's market value is the price at which a share of Mckesson Corp stock trades on a public exchange. It measures the collective expectations of Mckesson Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Mckesson Corp and determine expected loss or profit from investing in Mckesson Corp over a given investment horizon. Additionally, see Mckesson Corp Correlation, Mckesson Corp Volatility and Mckesson Corp Alpha and Beta module to complement your research on Mckesson Corp.
Symbol


Is Mckesson 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 Mckesson Corp. If investors know Mckesson 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 Mckesson 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
2.75
Market Capitalization
54 B
Quarterly Revenue Growth YOY
0.054
Return On Assets
0.0323
The market value of Mckesson Corp is measured differently than its book value, which is the value of Mckesson that is recorded on the company's balance sheet. Investors also form their own opinion of Mckesson Corp's value that differs from its market value or its book value, called intrinsic value, which is Mckesson 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 Mckesson Corp's market value can be influenced by many factors that don't directly affect Mckesson 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 Mckesson Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Mckesson Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mckesson 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.

Mckesson 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 Mckesson 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 Mckesson Corp.
0.00
09/27/2022
No Change 0.00  0.0 
In 2 months and 2 days
11/26/2022
0.00
If you would invest  0.00  in Mckesson Corp on September 27, 2022 and sell it all today you would earn a total of 0.00 from holding Mckesson Corp or generate 0.0% return on investment in Mckesson Corp over 60 days. Mckesson Corp is related to or competes with Edwards Lifesciences, Baxter International, Zimmer Biomet, Medtronic, Johnson Johnson, West Pharmaceutical, and Goldman Sachs. McKesson Corporation provides healthcare services in the United States and internationally More

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

Mckesson Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mckesson Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mckesson Corp's standard deviation. In reality, there are many statistical measures that can use Mckesson Corp historical prices to predict the future Mckesson 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 Mckesson 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 Mckesson Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
381.51383.13384.75
Details
Intrinsic
Valuation
LowReal ValueHigh
301.08302.70421.67
Details
Naive
Forecast
LowNext ValueHigh
391.54393.16394.78
Details
11 Analysts
Consensus
LowTarget PriceHigh
230.00271.90300.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mckesson Corp. Your research has to be compared to or analyzed against Mckesson Corp's peers to derive any actionable benefits. When done correctly, Mckesson 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 Mckesson Corp.

Mckesson Corp Backtested Returns

We consider Mckesson Corp very steady. Mckesson Corp has Sharpe Ratio of 0.0629, which conveys that the firm had 0.0629% of return per unit of risk over the last 3 months. Our standpoint towards estimating 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-eight technical indicators for Mckesson Corp, which you can use to evaluate the future volatility of the firm. Please verify Mckesson Corp Risk Adjusted Performance of 0.0853, downside deviation of 1.68, and Mean Deviation of 1.29 to check out if the risk estimate we provide is consistent with the expected return of 0.1%.
Mckesson Corp has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.4963, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Mckesson's beta means in this case. As returns on the market increase, Mckesson Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Mckesson Corp will be expected to be smaller as well. Although it is important to respect Mckesson Corp price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The philosophy towards estimating 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 Mckesson Corp technical indicators, you can presently evaluate if the expected return of 0.1% will be sustainable into the future. Mckesson Corp right now secures a risk of 1.62%. Please verify Mckesson Corp sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change to decide if Mckesson Corp will be following its current price movements.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

Mckesson Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Mckesson Corp time series from 27th of September 2022 to 27th of October 2022 and 27th of October 2022 to 26th of November 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 Mckesson Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Mckesson Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test-0.47
Residual Average0.0
Price Variance176.53

Mckesson Corp lagged returns against current returns

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

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

Mckesson Corp Lagged Returns

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

Mckesson Corp Investors Sentiment

The influence of Mckesson 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 Mckesson. 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 Mckesson Corp's public news can be used to forecast risks associated with investment in Mckesson. The trend in average sentiment can be used to explain how an investor holding Mckesson can time the market purely based on public headlines and social activities around Mckesson Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Mckesson Corp'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 Mckesson Corp'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 Mckesson Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Mckesson Corp.

Mckesson Corp Implied Volatility

    
  25.45  
Mckesson Corp's implied volatility exposes the market's sentiment of Mckesson Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Mckesson 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 Mckesson Corp stock will not fluctuate a lot when Mckesson 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 Mckesson 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, Mckesson Corp's short interest history, or implied volatility extrapolated from Mckesson Corp options trading.

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Additionally, see Mckesson Corp Correlation, Mckesson Corp Volatility and Mckesson Corp Alpha and Beta module to complement your research on Mckesson Corp. Note that the Mckesson Corp information on this page should be used as a complementary analysis to other Mckesson 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Mckesson Stock analysis

When running Mckesson Corp price analysis, check to measure Mckesson 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 Mckesson Corp is operating at the current time. Most of Mckesson Corp's value examination focuses on studying past and present price action to predict the probability of Mckesson Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mckesson Corp's price. Additionally, you may evaluate how the addition of Mckesson Corp to your portfolios can decrease your overall portfolio volatility.
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Mckesson 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 Mckesson Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mckesson 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...