Cardinal Health Stock Statistic Functions Beta
| CAH Stock | USD 121.84 1.58 1.28% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Cardinal Health correlated with the market. If Beta is less than 0 Cardinal Health generally moves in the opposite direction as compared to the market. If Cardinal Health Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cardinal Health is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cardinal Health is generally in the same direction as the market. If Beta > 1 Cardinal Health moves generally in the same direction as, but more than the movement of the benchmark.
Cardinal Health Technical Analysis Modules
Most technical analysis of Cardinal Health help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cardinal from various momentum indicators to cycle indicators. When you analyze Cardinal charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Cardinal Health Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cardinal Health. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cardinal Health based on widely used predictive technical indicators. In general, we focus on analyzing Cardinal Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cardinal Health's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Cardinal Health's intrinsic value. In addition to deriving basic predictive indicators for Cardinal Health, we also check how macroeconomic factors affect Cardinal Health price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 (projected) | Dividend Yield | 0.0383 | 0.0213 | Price To Sales Ratio | 0.0804 | 0.12 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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 Cardinal Health. If investors know Cardinal 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 Cardinal Health 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 48.135 | Dividend Share 2.012 | Earnings Share 5.2 | Revenue Per Share 921.782 | Quarterly Revenue Growth (0.04) |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health'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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health'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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health'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.