Cardinal Health Stock Forecast - Rate Of Daily Change
| CLH Stock | EUR 117.45 3.70 3.25% |
Cardinal Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Cardinal Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Cardinal |
| Check Cardinal Health Volatility | Backtest Cardinal Health | Information Ratio |
Cardinal Health Trading Date Momentum
| On November 26 2024 Cardinal Health was traded for 117.45 at the closing time. The highest daily price throughout the period was 118.90 and the lowest price was 117.40 . There was no trading activity during the period 0.0. Lack of trading volume on 11/26/2024 did not affect price variability. The overall trading delta to current closing price is 0.04% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
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Other Forecasting Options for Cardinal Health
For every potential investor in Cardinal, whether a beginner or expert, Cardinal Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cardinal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cardinal. Basic forecasting techniques help filter out the noise by identifying Cardinal Health's price trends.Cardinal Health Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cardinal Health stock to make a market-neutral strategy. Peer analysis of Cardinal Health could also be used in its relative valuation, which is a method of valuing Cardinal Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cardinal Health Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cardinal Health's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cardinal Health's current price.| Cycle Indicators | ||
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Cardinal Health Market Strength Events
Market strength 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 undertsting and applying Cardinal Health stock market strength indicators, traders can identify Cardinal Health entry and exit signals to maximize returns.
Cardinal Health Risk Indicators
The analysis of Cardinal Health's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cardinal Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cardinal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.25 | |||
| Semi Deviation | 1.22 | |||
| Standard Deviation | 1.84 | |||
| Variance | 3.38 | |||
| Downside Variance | 2.35 | |||
| Semi Variance | 1.5 | |||
| Expected Short fall | (1.48) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Cardinal Stock
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:Check out Historical Fundamental Analysis of Cardinal Health to cross-verify your projections. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.