Cardinal Health Stock Probability of Future Stock Price Finishing Over 115.14
| CAH Stock | USD 123.42 3.08 2.56% |
Cardinal |
Cardinal Health Target Price Odds to finish over 115.14
The tendency of Cardinal Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 115.14 in 90 days |
| 123.42 | 90 days | 115.14 | about 27.53 |
Based on a normal probability distribution, the odds of Cardinal Health to stay above $ 115.14 in 90 days from now is about 27.53 (This Cardinal Health probability density function shows the probability of Cardinal Stock to fall within a particular range of prices over 90 days) . Probability of Cardinal Health price to stay between $ 115.14 and its current price of $123.42 at the end of the 90-day period is about 27.22 .
Considering the 90-day investment horizon Cardinal Health has a beta of 0.57 suggesting as returns on the market go up, Cardinal Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cardinal Health will be expected to be much smaller as well. Additionally Cardinal Health has an alpha of 0.1106, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cardinal Health Price Density |
| Price |
Predictive Modules for Cardinal Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cardinal Health. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Cardinal Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cardinal Health is not an exception. The market had few large corrections towards the Cardinal Health's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cardinal Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cardinal Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.57 | |
σ | Overall volatility | 3.87 | |
Ir | Information ratio | 0.05 |
Cardinal Health Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cardinal Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cardinal Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cardinal Health is unlikely to experience financial distress in the next 2 years | |
| Cardinal Health has a strong financial position based on the latest SEC filings | |
| Over 89.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of October 2024 Cardinal Health paid $ 0.5056 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Exclusive-Activist investor Ananym Capital pushes for changes at Henry Schein, sources say |
Cardinal Health Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cardinal Stock often depends not only on the future outlook of the current and potential Cardinal Health's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cardinal Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 247 M | |
| Cash And Short Term Investments | 5.1 B |
Cardinal Health Technical Analysis
Cardinal Health's future price can be derived by breaking down and analyzing its technical indicators over time. Cardinal Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cardinal Health. In general, you should focus on analyzing Cardinal Stock price patterns and their correlations with different microeconomic environments and drivers.
Cardinal Health Predictive Forecast Models
Cardinal Health's time-series forecasting models is one of many Cardinal Health's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cardinal Health's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Cardinal Health
Checking the ongoing alerts about Cardinal Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cardinal Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cardinal Health is unlikely to experience financial distress in the next 2 years | |
| Cardinal Health has a strong financial position based on the latest SEC filings | |
| Over 89.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of October 2024 Cardinal Health paid $ 0.5056 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Exclusive-Activist investor Ananym Capital pushes for changes at Henry Schein, sources say |
Check out Cardinal Health Backtesting, Cardinal Health Valuation, Cardinal Health Correlation, Cardinal Health Hype Analysis, Cardinal Health Volatility, Cardinal Health History as well as Cardinal Health Performance. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Health Care Providers & Services space 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 Cardinal Health. If investors know Cardinal 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 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 48.135 | Dividend Share 2.012 | Earnings Share 5.19 | Revenue Per Share 921.782 | Quarterly Revenue Growth (0.04) |
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health'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.