Cardinal Health Stock Price on October 30, 2024
| CAH Stock | USD 121.84 1.58 1.28% |
Below is the normalized historical share price chart for Cardinal Health extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cardinal Health stands at 121.84, as last reported on the 25th of November, with the highest price reaching 124.07 and the lowest price hitting 121.79 during the day.
If you're considering investing in Cardinal Stock, it is important to understand the factors that can impact its price. Cardinal Health is very steady at the moment. Cardinal Health secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cardinal Health, which you can use to evaluate the volatility of the firm. Please confirm Cardinal Health's Risk Adjusted Performance of 0.0899, mean deviation of 1.05, and Downside Deviation of 1.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%.
As of now, Cardinal Health's Stock Based Compensation To Revenue is decreasing as compared to previous years. . As of now, Cardinal Health's Price To Book Ratio is decreasing as compared to previous years. The Cardinal Health's current Price Sales Ratio is estimated to increase to 0.21, while Price Earnings Ratio is projected to decrease to 12.05. Cardinal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of December 1987 | 200 Day MA 106.6456 | 50 Day MA 113.8974 | Beta 0.616 |
Cardinal |
Sharpe Ratio = 0.116
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Estimated Market Risk
| 1.53 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Cardinal Health is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cardinal Health by adding it to a well-diversified portfolio.
Price Book 16.0657 | Enterprise Value Ebitda 12.3288 | Price Sales 0.1314 | Shares Float 240.8 M | Dividend Share 2.012 |
Cardinal Health Valuation on October 30, 2024
It is possible to determine the worth of Cardinal Health on a given historical date. On October 30, 2024 Cardinal was worth 109.7 at the beginning of the trading date compared to the closed value of 107.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cardinal Health stock. Still, in general, we apply an absolute valuation method to find Cardinal Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cardinal Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cardinal Health's related companies.
| Open | High | Low | Close | Volume | |
| 110.83 | 111.68 | 109.96 | 110.06 | 2,098,883 | |
10/30/2024 | 109.70 | 109.90 | 106.98 | 107.89 | 2,105,183 |
| 107.66 | 109.03 | 107.11 | 108.52 | 2,877,564 |
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Cardinal Health Trading Date Momentum on October 30, 2024
| On October 31 2024 Cardinal Health was traded for 108.52 at the closing time. Highest Cardinal Health's price during the trading hours was 109.03 and the lowest price during the day was 107.11 . The net volume was 2.9 M. The overall trading history on the 31st of October contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.58% . The overall trading delta to current price is 12.51% . |
Cardinal Health Fundamentals Correlations and Trends
By evaluating Cardinal Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cardinal Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cardinal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cardinal Health Stock history
Cardinal Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cardinal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cardinal Health will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cardinal Health stock prices may prove useful in developing a viable investing in Cardinal Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 247 M | 313.5 M | |
| Net Income Applicable To Common Shares | 234.9 M | 223.2 M |
Cardinal Health Stock Technical Analysis
Cardinal Health 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.
Price Boundaries
Cardinal Health Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Cardinal Health cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cardinal Health November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Cardinal Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Health shares will generate the highest return on investment. By undertsting and applying Cardinal Health stock market strength indicators, traders can identify Cardinal Health entry and exit signals to maximize returns
Cardinal Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cardinal Health's price direction in advance. Along with the technical and fundamental analysis of Cardinal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cardinal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.0867 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0255 | |||
| Treynor Ratio | 0.2692 |
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Complementary Tools for Cardinal Stock analysis
When running Cardinal Health's price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal 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 Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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