Mckesson Stock Market Value
| MCK Stock | USD 628.27 0.00 0.00% |
| Symbol | McKesson |
McKesson Price To Book Ratio
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.
McKesson 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to McKesson's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of McKesson.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in McKesson on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding McKesson or generate 0.0% return on investment in McKesson over 30 days. McKesson is related to or competes with Cardinal Health, Henry Schein, Patterson Companies, Owens Minor, EDAP TMS, and Zynex. McKesson Corporation provides healthcare services in the United States and internationally More
McKesson Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure McKesson's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess McKesson upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0527 | |||
| Maximum Drawdown | 12.91 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.36 |
McKesson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for McKesson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as McKesson's standard deviation. In reality, there are many statistical measures that can use McKesson historical prices to predict the future McKesson's volatility.| Risk Adjusted Performance | 0.0777 | |||
| Jensen Alpha | 0.1419 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0525 | |||
| Treynor Ratio | 0.2733 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of McKesson's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
McKesson Backtested Returns
McKesson appears to be very steady, given 3 months investment horizon. McKesson has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-seven 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 0.0777 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, McKesson holds a performance score of 8. The company secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, McKesson's returns are expected to increase less than the market. However, during the bear market, the loss of holding McKesson is expected to be smaller as well. Please check McKesson's potential upside, and the relationship between the sortino ratio and skewness , to make a quick decision on whether McKesson's current price movements will revert.
Auto-correlation | 0.64 |
Good predictability
McKesson has good predictability. Overlapping area represents the amount of predictability between McKesson time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of McKesson price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current McKesson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 42.14 |
McKesson lagged returns against current returns
Autocorrelation, which is McKesson stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting McKesson's stock expected returns. We can calculate the autocorrelation of McKesson returns to help us make a trade decision. For example, suppose you find that McKesson has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
McKesson regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If McKesson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if McKesson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in McKesson stock over time.
Current vs Lagged Prices |
| Timeline |
McKesson Lagged Returns
When evaluating McKesson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of McKesson stock have on its future price. McKesson autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, McKesson autocorrelation shows the relationship between McKesson stock current value and its past values and can show if there is a momentum factor associated with investing in McKesson.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out McKesson Correlation, McKesson Volatility and McKesson Alpha and Beta module to complement your research on McKesson. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.