Change Stock Today

CHNG
 Stock
  

USD 27.42  0.03  0.11%   

Market Performance
16 of 100
Odds Of Distress
Less than 1
Change Healthcare is trading at 27.42 as of the 30th of September 2022, a -0.11 percent decrease since the beginning of the trading day. The stock's lowest day price was 27.31. Change Healthcare has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Change Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2022 and ending today, the 30th of September 2022. Click here to learn more.
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. The company has 311.5 M outstanding shares of which 15.15 M shares are currently shorted by private and institutional investors with about 5.56 trading days to cover. More on Change Healthcare

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Follow Valuation Odds of Bankruptcy
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Change Healthcare Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Change Healthcare's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Change Healthcare or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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
Average Analyst Recommendation
Analysts covering Change Healthcare report their recommendations after researching Change Healthcare's financial statements, talking to executives and customers, or listening in on Change Healthcare's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Change Healthcare. The Change consensus assessment is calculated by taking the average forecast from all of the analysts covering Change Healthcare.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Change Healthcare's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Change Healthcare (CHNG) is traded on NASDAQ Exchange in USA and employs 14,000 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 8.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Change Healthcare's market, we take the total number of its shares issued and multiply it by Change Healthcare's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Change Healthcare conducts business under Healthcare sector and is part of Health Information Services industry. The entity has 311.5 M outstanding shares of which 15.15 M shares are currently shorted by private and institutional investors with about 5.56 trading days to cover. Change Healthcare currently holds about 252.3 M in cash with 696.88 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.79.
Check Change Healthcare Probability Of Bankruptcy
Ownership
Change Healthcare holds a total of three hundred eleven million five hundred thousand outstanding shares. The majority of Change Healthcare outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Change Healthcare to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Change Healthcare. Please pay attention to any change in the institutional holdings of Change Healthcare as this could imply that something significant has changed or about to change at the company. Also note that nearly three million one hundred fifteen thousand invesors are currently shorting Change Healthcare expressing very little confidence in its future performance.

Ownership Allocation (%)

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Change Stock Price Odds Analysis

What are Change Healthcare's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Change Healthcare jumping above the current price in 90 days from now is about 1.21%. The Change Healthcare probability density function shows the probability of Change Healthcare stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Change Healthcare has a beta of 0.1446 suggesting as returns on the market go up, Change Healthcare average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Change Healthcare will be expected to be much smaller as well. Additionally, the company has an alpha of 0.2505, implying that it can generate a 0.25 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 27.42HorizonTargetOdds Above 27.42
98.77%90 days
 27.42 
1.21%
Based on a normal probability distribution, the odds of Change Healthcare to move above the current price in 90 days from now is about 1.21 (This Change Healthcare probability density function shows the probability of Change Stock to fall within a particular range of prices over 90 days) .

Change Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Change Healthcare that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Change Healthcare's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Change Healthcare's value.
InstituionSecurity TypeTotal SharesValue
Blackstone IncCommon Shares59.6 M1.4 B
Vanguard Group IncCommon Shares22.1 M508.7 M
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Change Healthcare Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Change Healthcare market risk premium is the additional return an investor will receive from holding Change Healthcare long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Change Healthcare. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Change Healthcare's alpha and beta are two of the key measurements used to evaluate Change Healthcare's performance over the market, the standard measures of volatility play an important role as well.

Change Stock Against Markets

Picking the right benchmark for Change Healthcare stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Change Healthcare stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Change Healthcare is critical whether you are bullish or bearish towards Change Healthcare at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Change Healthcare without increasing your portfolio risk or giving up the 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.

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The danger of trading Change Healthcare is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Change Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Change Healthcare. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Change Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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.