Change Stock Performance

CHNG
 Stock
  

USD 27.42  0.03  0.11%   

On a scale of 0 to 100, Change Healthcare holds a performance score of 17. The firm shows a Beta (market volatility) of 0.1446, which signifies not very significant fluctuations relative to the market. Let's try to break down what Change's beta means in this case. As returns on the market increase, Change Healthcare returns are expected to increase less than the market. However, during the bear market, the loss on holding Change Healthcare will be expected to be smaller as well. Although it is vital to follow Change Healthcare historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in 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 Change Healthcare technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please makes use of Change Healthcare value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall to make a quick decision on whether Change Healthcare price patterns will revert.
  
Change Performance
17 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Change Healthcare are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, Change Healthcare exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more

Change Price Channel

Quick Ratio1.05
Fifty Two Week Low18.97
Target High Price27.75
Fifty Two Week High27.34
Target Low Price25.75

Change Healthcare Relative Risk vs. Return Landscape

If you would invest  2,353  in Change Healthcare on July 2, 2022 and sell it today you would earn a total of  389.00  from holding Change Healthcare or generate 16.53% return on investment over 90 days. Change Healthcare is currently generating 0.2529% in daily expected returns and assumes 1.1004% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of stocks are less volatile than Change, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Change Healthcare is expected to generate 0.96 times more return on investment than the market. However, the company is 1.04 times less risky than the market. It trades about 0.23 of its potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of risk.

Change Healthcare Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Change Healthcare's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Change Healthcare, and traders can use it to determine the average amount a Change Healthcare's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2298

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Estimated Market Risk
 1.1
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 9 %
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Expected Return
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Based on monthly moving average Change Healthcare is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Change Healthcare by adding it to a well-diversified portfolio.

About Change Healthcare Performance

To evaluate Change Healthcare Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Change Healthcare generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Change Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Change Healthcare market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Change's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. Change Healthcare Inc. was incorporated in 2016 and is headquartered in Nashville, Tennessee. Change Healthcare operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. It employs 14000 people.

Things to note about Change Healthcare

Checking the ongoing alerts about Change Healthcare for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Change Healthcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Change Healthcare Alerts

Equity Alerts and Improvement Suggestions

Change Healthcare is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 3.48 B. Net Loss for the year was (57.39 M) with profit before overhead, payroll, taxes, and interest of 1.85 B.
Latest headline from www.benzinga.com: Change Healthcare shares are trading higher after a U.S. judge denied the Justice Departments request to - Benzinga
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When running Change Healthcare price analysis, check to measure Change Healthcare'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 Change Healthcare is operating at the current time. Most of Change Healthcare's value examination focuses on studying past and present price action to predict the probability of Change Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Change Healthcare's price. Additionally, you may evaluate how the addition of Change Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Change Healthcare'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 Change Healthcare. If investors know Change 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 Change Healthcare 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 Change Healthcare is measured differently than its book value, which is the value of Change that is recorded on the company's balance sheet. Investors also form their own opinion of Change Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Change Healthcare'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 Change Healthcare's market value can be influenced by many factors that don't directly affect Change Healthcare'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 Change Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine Change Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Change Healthcare'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.