Mckesson Stock Price on September 5, 2024
| MCK Stock | USD 623.19 5.08 0.81% |
Below is the normalized historical share price chart for McKesson 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 McKesson stands at 623.19, as last reported on the 25th of November, with the highest price reaching 632.59 and the lowest price hitting 622.07 during the day.
If you're considering investing in McKesson Stock, it is important to understand the factors that can impact its price. McKesson appears to be very steady, given 3 months investment horizon. McKesson has Sharpe Ratio of 0.0957, which conveys that the firm had a 0.0957% return per unit of volatility over the last 3 months. We have found thirty technical indicators for McKesson, which you can use to evaluate the volatility of the firm. Please exercise McKesson's mean deviation of 1.27, and Risk Adjusted Performance of 0.0693 to check out if our risk estimates are consistent with your expectations.
At this time, McKesson's Common Stock Shares Outstanding is quite stable compared to the past year. Stock Based Compensation is expected to rise to about 279.3 M this year, although the value of Other Stockholder Equity is projected to rise to (15.3 B). . At this time, McKesson's Price Earnings Ratio is quite stable compared to the past year. Price To Free Cash Flows Ratio is expected to rise to 20.69 this year, although the value of Price To Sales Ratio will most likely fall to 0.23. McKesson Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 15th of November 1994 | 200 Day MA 547.6522 | 50 Day MA 530.9752 | Beta 0.436 |
McKesson |
Sharpe Ratio = 0.0957
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Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average McKesson is performing at about 7% 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 McKesson by adding it to a well-diversified portfolio.
Price Book 5.0435 | Enterprise Value Ebitda 19.2773 | Price Sales 0.2396 | Shares Float 126.7 M | Dividend Share 2.57 |
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McKesson Valuation on September 5, 2024
It is possible to determine the worth of McKesson on a given historical date. On September 5, 2024 McKesson was worth 560.0 at the beginning of the trading date compared to the closed value of 514.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of McKesson stock. Still, in general, we apply an absolute valuation method to find McKesson'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 McKesson where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against McKesson's related companies.
| Open | High | Low | Close | Volume | |
| 574.36 | 577.93 | 565.38 | 571.28 | 644,777 | |
09/05/2024 | 560.00 | 562.00 | 506.45 | 514.75 | 3,003,389 |
| 515.26 | 519.21 | 503.34 | 504.17 | 1,924,323 |
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McKesson Trading Date Momentum on September 5, 2024
| On September 06 2024 McKesson was traded for 504.17 at the closing time. Highest McKesson's price during the trading hours was 519.21 and the lowest price during the day was 503.34 . The net volume was 1.9 M. The overall trading history on the 6th of September contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 2.06% . The trading delta at closing time to current price is 1.51% . |
McKesson Fundamentals Correlations and Trends
By evaluating McKesson'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 McKesson's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. McKesson financial account trend analysis is a perfect complement when working with valuation or volatility modules.About McKesson Stock history
McKesson 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 McKesson is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in McKesson 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 McKesson stock prices may prove useful in developing a viable investing in McKesson
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 134.1 M | 184.3 M | |
| Net Income Applicable To Common Shares | 4.1 B | 4.3 B |
McKesson Stock Technical Analysis
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.
Price Boundaries
McKesson Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
McKesson 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.
McKesson November 25, 2024 Market Strength
Market strength 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 undertsting and applying McKesson stock market strength indicators, traders can identify McKesson entry and exit signals to maximize returns
McKesson Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for McKesson's price direction in advance. Along with the technical and fundamental analysis of McKesson Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of McKesson 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 | 0.0693 | |||
| Jensen Alpha | 0.089 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | 0.2423 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McKesson. If investors know McKesson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McKesson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.62) | Dividend Share 2.57 | Earnings Share 19.32 | Revenue Per Share 2.5 K | Quarterly Revenue Growth 0.213 |
The market value of McKesson is measured differently than its book value, which is the value of McKesson that is recorded on the company's balance sheet. Investors also form their own opinion of McKesson's value that differs from its market value or its book value, called intrinsic value, which is McKesson's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McKesson's market value can be influenced by many factors that don't directly affect McKesson's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between McKesson's value and its price as these two are different measures arrived at by different means. Investors typically determine if McKesson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McKesson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.