Mckesson Stock Alpha and Beta Analysis
| MCK Stock | USD 616.73 6.46 1.04% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as McKesson. It also helps investors analyze the systematic and unsystematic risks associated with investing in McKesson over a specified time horizon. Remember, high McKesson's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to McKesson's market risk premium analysis include:
Beta 0.73 | Alpha 0.089 | Risk 2.32 | Sharpe Ratio 0.0885 | Expected Return 0.21 |
McKesson Quarterly Cash And Equivalents |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
McKesson |
McKesson Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. McKesson market risk premium is the additional return an investor will receive from holding McKesson long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in McKesson. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate McKesson's performance over market.| α | 0.09 | β | 0.73 |
McKesson expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of McKesson's Buy-and-hold return. Our buy-and-hold chart shows how McKesson performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.McKesson Market Price Analysis
Market price analysis indicators help investors to evaluate how McKesson stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading McKesson shares will generate the highest return on investment. By understating and applying McKesson stock market price indicators, traders can identify McKesson position entry and exit signals to maximize returns.
McKesson Return and Market Media
The median price of McKesson for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 510.93 with a coefficient of variation of 8.54. The daily time series for the period is distributed with a sample standard deviation of 45.49, arithmetic mean of 532.57, and mean deviation of 38.11. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 6 shares by Britt Vitalone of McKesson at 560.73 subject to Rule 16b-3 | 09/06/2024 |
| McKesson dividend paid on 1st of October 2024 | 10/01/2024 |
2 | Is McKesson Corporation the Most Undervalued Value Stock to Buy According to Analysts | 10/23/2024 |
3 | Becton Dickinson Earnings Expected to Grow Should You Buy | 10/31/2024 |
4 | Great News for Bristow, VA Virginia Cancer Specialists Opens New, Expanded Cancer Center November 11, 2024 | 11/04/2024 |
5 | McKesson Corporation Reports Fiscal 2025 Second Quarter Results and Raises Full Year Adjusted EPS Guidance | 11/06/2024 |
6 | McKesson Surges as Q2 Earnings and Revenue Beat Expectations | 11/07/2024 |
7 | McKesson Corporation Q2 2025 Earnings Call Transcript | 11/08/2024 |
8 | Heres Why McKesson is a Strong Momentum Stock | 11/11/2024 |
9 | McKesson Stock Gets A RS Rating Lift To 75 | 11/13/2024 |
About McKesson Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including McKesson or other stocks. Alpha measures the amount that position in McKesson has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 6.59 | 6.22 | 6.29 | 8.37 | Days Of Inventory On Hand | 27.21 | 27.19 | 26.03 | 39.99 |
McKesson Upcoming Company Events
As portrayed in its financial statements, the presentation of McKesson's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, McKesson's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of McKesson's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of McKesson. Please utilize our Beneish M Score to check the likelihood of McKesson's management manipulating its earnings.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of May 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with McKesson
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out McKesson Backtesting, McKesson Valuation, McKesson Correlation, McKesson Hype Analysis, McKesson Volatility, McKesson History and analyze McKesson Performance. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
McKesson technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.