Cardinal Stock Alpha and Beta Analysis

CAH
 Stock
  

USD 70.37  1.05  1.51%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cardinal Health. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cardinal Health over a specified time horizon. Remember, high Cardinal Health's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Continue to Cardinal Health Backtesting, Cardinal Health Valuation, Cardinal Health Correlation, Cardinal Health Hype Analysis, Cardinal Health Volatility, Cardinal Health History and analyze Cardinal Health Performance.
  
Please note that although Cardinal Health alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Cardinal Health did 0.29  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Cardinal Health stock's relative risk over its benchmark. Cardinal Health has a beta of 0.66  . Let's try to break down what Cardinal's beta means in this case. As returns on the market increase, Cardinal Health returns are expected to increase less than the market. However, during the bear market, the loss on holding Cardinal Health will be expected to be smaller as well.
Cardinal Health Enterprise Value over EBITDA is most likely to increase significantly in the upcoming years. The last year's value of Enterprise Value over EBITDA was reported at 246.42. The current Enterprise Value is estimated to increase to about 18.5 B, while Book Value per Share is projected to decrease to (2.61) .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Cardinal Health Quarterly Book Value per Share

(2.597)

Cardinal Health Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cardinal Health market risk premium is the additional return an investor will receive from holding Cardinal Health 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 Cardinal Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Cardinal Health's performance over market.
α0.29   β0.66
90 days against DJI

Cardinal Health expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Cardinal Health's Buy-and-hold return. Our buy-and-hold chart shows how Cardinal Health performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Cardinal Health Market Price Analysis

Market price analysis indicators help investors to evaluate how Cardinal Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Health shares will generate the highest return on investment. By understating and applying Cardinal Health stock market price indicators, traders can identify Cardinal Health position entry and exit signals to maximize returns.

Cardinal Health Return and Market Media

The median price of Cardinal Health for the period between Tue, May 17, 2022 and Mon, Aug 15, 2022 is 55.17 with a coefficient of variation of 6.71. The daily time series for the period is distributed with a sample standard deviation of 3.73, arithmetic mean of 55.56, and mean deviation of 2.78. The Stock received some media coverage during the period.
 Price Growth (%)  
       Timeline  
1
EPS Estimate06/30/2022
2
Cardinal Health continues at-Home Solutions growth with new ...07/12/2022
3
Acquisition by Dean Scarborough of 531 shares of Cardinal He...07/18/2022
4
Financial Statements07/22/2022
5
EPS Reported08/11/2022
6
Cardinal Healths Returns On Capital Tell Us There Is Reason ...08/12/2022

About Cardinal Health Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Cardinal Health has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2021 2022 (projected)
Long Term Debt to Equity3.782.72.91
Interest Coverage2.623.023.09

Cardinal Health Upcoming Company Events

As portrayed in its financial statements, the presentation of Cardinal Health's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cardinal Health's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Cardinal Health's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Cardinal Health. Please utilize our Beneish M Score to check the likelihood of Cardinal Health's management manipulating its earnings.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End4th of August 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Cardinal Health

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Continue to Cardinal Health Backtesting, Cardinal Health Valuation, Cardinal Health Correlation, Cardinal Health Hype Analysis, Cardinal Health Volatility, Cardinal Health History and analyze Cardinal Health Performance. Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health'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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Cardinal Stock analysis

When running Cardinal Health price analysis, check to measure Cardinal Health'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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Cardinal Health 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 Cardinal Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cardinal Health 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...