Cardinal Health (Germany) Probability of Future Stock Price Finishing Under 113.17
| CLH Stock | EUR 115.85 0.40 0.34% |
Cardinal |
Cardinal Health Target Price Odds to finish below 113.17
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 drop to € 113.17 or more in 90 days |
| 115.85 | 90 days | 113.17 | roughly 97.0 |
Based on a normal probability distribution, the odds of Cardinal Health to drop to € 113.17 or more in 90 days from now is roughly 97.0 (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 € 113.17 and its current price of €115.85 at the end of the 90-day period is roughly 2.41 .
Assuming the 90 days horizon Cardinal Health has a beta of -0.62 suggesting as returns on the benchmark increase, returns on holding Cardinal Health are expected to decrease at a much lower rate. During a bear market, however, Cardinal Health is likely to outperform the market. Additionally Cardinal Health has an alpha of 0.3453, implying that it can generate a 0.35 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 | 0.35 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 5.35 | |
Ir | Information ratio | 0.08 |
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.| The company reported the revenue of 181.36 B. Net Loss for the year was (933 M) with profit before overhead, payroll, taxes, and interest of 6.54 B. | |
| Over 90.0% of the company shares are held by institutions such as insurance companies |
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 | 273 M |
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.
| The company reported the revenue of 181.36 B. Net Loss for the year was (933 M) with profit before overhead, payroll, taxes, and interest of 6.54 B. | |
| Over 90.0% of the company shares are held by institutions such as insurance companies |
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 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.