Elevance Health Stock Buy Hold or Sell Recommendation
| ELV Stock | USD 402.55 1.05 0.26% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Elevance Health is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Elevance Health given historical horizon and risk tolerance towards Elevance Health. When Macroaxis issues a 'buy' or 'sell' recommendation for Elevance Health, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Elevance Health Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide. Note, we conduct extensive research on individual companies such as Elevance and provide practical buy, sell, or hold advice based on investors' constraints. Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Elevance |
Execute Elevance Health Buy or Sell Advice
The Elevance recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elevance Health. Macroaxis does not own or have any residual interests in Elevance Health or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elevance Health's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Elevance Health Trading Alerts and Improvement Suggestions
| Elevance Health generated a negative expected return over the last 90 days | |
| Elevance Health has a frail financial position based on the latest SEC disclosures | |
| Over 92.0% of the company shares are held by institutions such as insurance companies | |
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Elevance Health Returns Distribution Density
The distribution of Elevance Health's historical returns is an attempt to chart the uncertainty of Elevance Health's future price movements. The chart of the probability distribution of Elevance Health daily returns describes the distribution of returns around its average expected value. We use Elevance Health price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elevance Health returns is essential to provide solid investment advice for Elevance Health.
| Mean Return | -0.43 | Value At Risk | -2.93 | Potential Upside | 1.97 | Standard Deviation | 1.86 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elevance Health historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Elevance Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Elevance Health, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Elevance Health back and forth among themselves.
| Shares | Norges Bank | 2024-06-30 | 3 M | Nuveen Asset Management, Llc | 2024-06-30 | 2.9 M | Baillie Gifford & Co Limited. | 2024-09-30 | 2.8 M | Alliancebernstein L.p. | 2024-06-30 | 2.8 M | Artisan Partners Limited Partnership | 2024-09-30 | 2.4 M | Massachusetts Financial Services Company | 2024-09-30 | 2.4 M | Jpmorgan Chase & Co | 2024-06-30 | 2.4 M | Legal & General Group Plc | 2024-06-30 | 2.2 M | Arnhold & S. Bleichroeder Advisers, Llc | 2024-09-30 | 2.2 M | Vanguard Group Inc | 2024-09-30 | 21.3 M | Blackrock Inc | 2024-06-30 | 20.7 M |
Elevance Health Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Capital Expenditures | 1.1B | 1.0B | 1.1B | 1.2B | 1.3B | 1.4B | |
| Net Income | 4.8B | 4.6B | 6.1B | 6.0B | 6.0B | 3.3B | |
| End Period Cash Flow | 4.9B | 5.7B | 4.9B | 7.4B | 6.5B | 3.3B | |
| Change To Netincome | 379M | (91M) | 174M | (87M) | (78.3M) | (74.4M) | |
| Change In Cash | 325M | 1.0B | 804M | (861M) | 2.5B | (818.0M) | |
| Free Cash Flow | 5.0B | 9.7B | 7.3B | 7.2B | 6.8B | 3.8B | |
| Depreciation | 1.1B | 1.2B | 1.3B | 1.7B | 1.7B | 1.8B | |
| Other Non Cash Items | (62M) | 16M | (245M) | 264M | 1.2B | 1.2B | |
| Dividends Paid | 818M | 954M | 1.1B | 1.2B | 1.4B | 830.2M | |
| Change To Inventory | 593M | 256M | 2.1B | 2.5B | 1.8B | 1.9B | |
| Investments | (2.5B) | (14.8B) | (4.1B) | (4.6B) | (4.3B) | (4.5B) | |
| Change Receivables | (1.1B) | (256M) | (2.1B) | (2.5B) | (2.3B) | (2.1B) | |
| Net Borrowings | 438M | (298M) | 3.7B | 1.8B | 2.1B | 1.2B |
Elevance Health Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Elevance Health or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Elevance Health's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Elevance stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.53 | |
β | Beta against Dow Jones | 0.75 | |
σ | Overall volatility | 1.88 | |
Ir | Information ratio | -0.3 |
Elevance Health Volatility Alert
Elevance Health exhibits very low volatility with skewness of -2.62 and kurtosis of 12.99. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Elevance Health's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Elevance Health's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Elevance Health Fundamentals Vs Peers
Comparing Elevance Health's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Elevance Health's direct or indirect competition across all of the common fundamentals between Elevance Health and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elevance Health or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Elevance Health's fundamental indicators could also be used in its relative valuation, which is a method of valuing Elevance Health by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Elevance Health to competition |
| Fundamentals | Elevance Health | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.0584 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.04 % | (5.51) % |
| Current Valuation | 112.64 B | 16.62 B |
| Shares Outstanding | 231.92 M | 571.82 M |
| Shares Owned By Insiders | 0.10 % | 10.09 % |
| Shares Owned By Institutions | 91.80 % | 39.21 % |
| Number Of Shares Shorted | 2.85 M | 4.71 M |
| Price To Earning | 19.27 X | 28.72 X |
| Price To Book | 2.13 X | 9.51 X |
| Price To Sales | 0.54 X | 11.42 X |
| Revenue | 171.34 B | 9.43 B |
| Gross Profit | 40.11 B | 27.38 B |
| EBITDA | 10.49 B | 3.9 B |
| Net Income | 5.99 B | 570.98 M |
| Cash And Equivalents | 7.39 B | 2.7 B |
| Cash Per Share | 150.32 X | 5.01 X |
| Total Debt | 25.12 B | 5.32 B |
| Debt To Equity | 0.66 % | 48.70 % |
| Current Ratio | 1.35 X | 2.16 X |
| Book Value Per Share | 188.74 X | 1.93 K |
| Cash Flow From Operations | 8.06 B | 971.22 M |
| Short Ratio | 1.44 X | 4.00 X |
| Earnings Per Share | 27.45 X | 3.12 X |
| Price To Earnings To Growth | 0.75 X | 4.89 X |
| Target Price | 520.12 | |
| Number Of Employees | 104.9 K | 18.84 K |
| Beta | 0.85 | -0.15 |
| Market Capitalization | 93.36 B | 19.03 B |
| Total Asset | 108.93 B | 29.47 B |
| Retained Earnings | 31.75 B | 9.33 B |
| Annual Yield | 0.02 % |
Note: Disposition of 1055 shares by Ronald Penczek of Elevance Health at 475.17 subject to Rule 16b-3 [view details]
Elevance Health Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elevance . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Elevance Health Buy or Sell Advice
When is the right time to buy or sell Elevance Health? Buying financial instruments such as Elevance Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Elevance Stock Analysis
When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.