Cardinal Competitors
| CAH Stock | USD 224.25 3.98 1.81% |
Cardinal Health vs Argenx NV Correlation
Very good diversification
The correlation between Cardinal Health and ARGX is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cardinal Health and ARGX in the same portfolio, assuming nothing else is changed.
Moving against Cardinal Stock
| 0.65 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.65 | UNH | UnitedHealth Group | PairCorr |
| 0.64 | HUM | Humana Inc | PairCorr |
| 0.62 | REG | Regis Healthcare | PairCorr |
| 0.38 | PHA | Premier Health | PairCorr |
Cardinal Health Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Cardinal Health and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Cardinal and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Cardinal Health does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cardinal Stock performing well and Cardinal Health Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cardinal Health's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDX | 1.48 | (0.07) | 0.00 | 0.05 | 3.97 | 4.06 | 26.97 | |||
| EW | 1.07 | (0.12) | 0.00 | (0.09) | 0.00 | 2.33 | 5.33 | |||
| COR | 1.09 | 0.03 | (0.03) | 0.63 | 2.23 | 1.93 | 10.81 | |||
| A | 1.21 | (0.32) | 0.00 | (0.16) | 0.00 | 2.90 | 7.85 | |||
| HLN | 1.01 | 0.23 | 0.13 | 0.96 | 0.98 | 2.81 | 6.06 | |||
| IQV | 1.57 | (0.38) | 0.00 | (0.16) | 0.00 | 3.30 | 15.97 | |||
| VEEV | 1.62 | (0.61) | 0.00 | 1.04 | 0.00 | 1.72 | 13.65 | |||
| RMD | 1.12 | (0.01) | (0.02) | 0.08 | 1.50 | 2.13 | 9.12 | |||
| BRKR | 2.03 | (0.07) | (0.02) | 0.04 | 2.32 | 4.23 | 12.82 | |||
| ARGX | 1.18 | (0.02) | 0.00 | 0.25 | 0.00 | 2.29 | 7.34 |
Cross Equities Net Income Analysis
Compare Cardinal Health and related stocks such as Becton Dickinson, Edwards Lifesciences Corp, and Cencora Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDX | 88 M | 1.2 B | 1.3 B | 1.2 B | 695 M | 976 M | 1.1 B | 311 M | 1.2 B | 874 M | 2.1 B | 1.8 B | 1.5 B | 1.7 B | 1.7 B | 1.9 B | 2 B |
| EW | 82 M | 236.7 M | 293.2 M | 391.7 M | 811.1 M | 494.9 M | 569.5 M | 622.1 M | 722.2 M | 1 B | 823.4 M | 1.5 B | 1.5 B | 1.4 B | 4.2 B | 1.1 B | 673.1 M |
| COR | (207.7 M) | 719 M | 433.7 M | 276.5 M | (134.9 M) | 1.4 B | 414.5 M | 1.7 B | 855.4 M | (3.4 B) | 1.5 B | 1.7 B | 1.7 B | 1.5 B | 1.6 B | 1.8 B | 1.9 B |
| A | 257 M | 1.2 B | 724 M | 549 M | 401 M | 460 M | 684 M | 316 M | 1.1 B | 719 M | 1.2 B | 1.3 B | 1.2 B | 1.3 B | 1.3 B | 1.5 B | 1.6 B |
| HLN | 655 M | 655 M | 655 M | 655 M | 655 M | 655 M | 655 M | 655 M | 655 M | 655 M | 1.1 B | 1.4 B | 1.1 B | 1 B | 1.4 B | 1.7 B | 1.2 B |
| IQV | 160.6 M | 241.8 M | 177.5 M | 226.6 M | 356.4 M | 387.2 M | 115 M | 1.3 B | 259 M | 191 M | 279 M | 966 M | 1.1 B | 1.4 B | 1.4 B | 1.4 B | 1.4 B |
| VEEV | 3.9 M | 4.2 M | 3.5 M | 23.6 M | 40.4 M | 54.5 M | 77.6 M | 151.2 M | 229.8 M | 301.1 M | 380 M | 427.4 M | 487.7 M | 525.7 M | 714.1 M | 821.3 M | 862.3 M |
| RMD | 800 K | 254.8 M | 307.1 M | 345.3 M | 352.9 M | 352.4 M | 342.3 M | 315.6 M | 404.6 M | 621.7 M | 474.5 M | 779.4 M | 897.6 M | 1 B | 1.4 B | 1.6 B | 1.7 B |
| ARGX | (4.5 M) | (4.5 M) | (12.8 M) | (8.5 M) | (12.5 M) | (16.7 M) | (22.5 M) | (33.7 M) | (76.2 M) | (181.2 M) | (608.5 M) | (407.6 M) | (709.6 M) | (295.1 M) | 833 M | 749.7 M | 787.2 M |
Cardinal Health and related stocks such as Becton Dickinson, Edwards Lifesciences Corp, and Cencora Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Cardinal Health financial statement analysis. It represents the amount of money remaining after all of Cardinal Health operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Cardinal Health Competitive Analysis
The better you understand Cardinal Health competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Cardinal Health's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Cardinal Health's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Cardinal Health Competition Performance Charts
Five steps to successful analysis of Cardinal Health Competition
Cardinal Health's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Cardinal Health in relation to its competition. Cardinal Health's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Cardinal Health in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Cardinal Health's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Cardinal Health, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Cardinal Health Correlation with its peers. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is there potential for Health Care Providers & Services market expansion? Will Cardinal introduce new products? Factors like these will boost the valuation of Cardinal Health. Projected growth potential of Cardinal fundamentally drives upward valuation adjustments. Understanding fair value requires weighing current performance against future potential. All the valuation information about Cardinal Health 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 0.194 | Dividend Share 2.038 | Earnings Share 6.78 | Revenue Per Share | Quarterly Revenue Growth 0.188 |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health's true underlying value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Because Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Cardinal Health's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Cardinal Health should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Cardinal Health's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.