Elevance Health Stock Price on September 27, 2024
| ELV Stock | USD 403.60 6.12 1.54% |
Below is the normalized historical share price chart for Elevance Health extending back to October 30, 2001. 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 Elevance Health stands at 403.60, as last reported on the 22nd of November, with the highest price reaching 403.60 and the lowest price hitting 397.48 during the day.
If you're considering investing in Elevance Stock, it is important to understand the factors that can impact its price. Elevance Health secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. Elevance Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elevance Health's Variance of 3.42, mean deviation of 1.2, and Standard Deviation of 1.85 to check the risk estimate we provide.
At this time, Elevance Health's Common Stock Shares Outstanding is fairly stable compared to the past year. Other Stockholder Equity is likely to climb to about 11.1 B in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 57.8 B in 2024. . At this time, Elevance Health's Price Earnings Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 7.29 in 2024, whereas Price To Sales Ratio is likely to drop 0.46 in 2024. Elevance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 2001 | 200 Day MA 510.7878 | 50 Day MA 466.478 | Beta 0.853 |
Elevance |
Sharpe Ratio = -0.2371
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| Negative Returns | ELV |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.45 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.24 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elevance Health is not performing at its full potential. However, 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 Elevance Health by adding Elevance Health to a well-diversified portfolio.
Price Book 2.1059 | Price Sales 0.5298 | Shares Float 231.4 M | Dividend Share 6.37 | Wall Street Target Price 520.1216 |
Related Headline
Cigna Corp Headline on 27th of September 2024
Filed transaction by Cigna Corp Officer Chief Accounting Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Elevance Health Valuation on September 27, 2024
It is possible to determine the worth of Elevance Health on a given historical date. On September 27, 2024 Elevance was worth 522.33 at the beginning of the trading date compared to the closed value of 523.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elevance Health stock. Still, in general, we apply an absolute valuation method to find Elevance 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 Elevance Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elevance Health's related companies.
| Open | High | Low | Close | Volume | |
| 521.04 | 523.90 | 517.17 | 520.28 | 726,190 | |
09/27/2024 | 522.33 | 528.52 | 521.53 | 523.95 | 776,018 |
| 523.53 | 523.55 | 515.89 | 520.00 | 1,318,907 |
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Elevance Health Trading Date Momentum on September 27, 2024
| On September 30 2024 Elevance Health was traded for 520.00 at the closing time. Highest Elevance Health's price during the trading hours was 523.55 and the lowest price during the day was 515.89 . The net volume was 1.3 M. The overall trading history on the 30th of September contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.75% . The overall trading delta to current price is 6.09% . |
Elevance Health Fundamentals Correlations and Trends
By evaluating Elevance 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 Elevance Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elevance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elevance Health Stock history
Elevance 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 Elevance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elevance 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 Elevance Health stock prices may prove useful in developing a viable investing in Elevance Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 237.4 M | 262 M | |
| Net Income Applicable To Common Shares | 6.9 B | 7.3 B |
Elevance Health Stock Technical Analysis
Elevance 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
Elevance Health Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Elevance 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.
Elevance Health November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Elevance 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 Elevance Health shares will generate the highest return on investment. By undertsting and applying Elevance Health stock market strength indicators, traders can identify Elevance Health entry and exit signals to maximize returns
Elevance Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elevance Health's price direction in advance. Along with the technical and fundamental analysis of Elevance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elevance 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 | (0.18) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.64) |
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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.