CARDINAL HEALTH INC Odds of Future Bond Price Finishing Over 83.92
| 14149YBB3 | 82.97 2.59 3.03% |
CARDINAL |
CARDINAL Target Price Odds to finish over 83.92
The tendency of CARDINAL Bond 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 move over 83.92 or more in 90 days |
| 82.97 | 90 days | 83.92 | about 83.33 |
Based on a normal probability distribution, the odds of CARDINAL to move over 83.92 or more in 90 days from now is about 83.33 (This CARDINAL HEALTH INC probability density function shows the probability of CARDINAL Bond to fall within a particular range of prices over 90 days) . Probability of CARDINAL HEALTH INC price to stay between its current price of 82.97 and 83.92 at the end of the 90-day period is about 8.79 .
Assuming the 90 days trading horizon CARDINAL has a beta of 0.27. This usually implies as returns on the market go up, CARDINAL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CARDINAL HEALTH INC will be expected to be much smaller as well. Additionally CARDINAL HEALTH INC has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CARDINAL Price Density |
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Predictive Modules for CARDINAL
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 INC. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CARDINAL is not an exception. The market had few large corrections towards the CARDINAL'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 INC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CARDINAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 2.13 | |
Ir | Information ratio | -0.14 |
CARDINAL 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 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CARDINAL HEALTH INC 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 INC generated a negative expected return over the last 90 days |
CARDINAL Technical Analysis
CARDINAL's future price can be derived by breaking down and analyzing its technical indicators over time. CARDINAL Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CARDINAL HEALTH INC. In general, you should focus on analyzing CARDINAL Bond price patterns and their correlations with different microeconomic environments and drivers.
CARDINAL Predictive Forecast Models
CARDINAL's time-series forecasting models is one of many CARDINAL's bond 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'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 bond market movement and maximize returns from investment trading.
Things to note about CARDINAL HEALTH INC
Checking the ongoing alerts about CARDINAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CARDINAL HEALTH INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CARDINAL HEALTH INC generated a negative expected return over the last 90 days |
Other Information on Investing in CARDINAL Bond
CARDINAL financial ratios help investors to determine whether CARDINAL Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CARDINAL with respect to the benefits of owning CARDINAL security.