Cardinal Health Stock Alpha and Beta Analysis
| CAH Stock | USD 121.84 1.58 1.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cardinal Health. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cardinal Health over a specified time horizon. Remember, high Cardinal Health's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Cardinal Health's market risk premium analysis include:
Beta 0.58 | Alpha 0.0867 | Risk 1.52 | Sharpe Ratio 0.12 | Expected Return 0.18 |
Cardinal Health Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Cardinal |
Cardinal Health Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cardinal Health market risk premium is the additional return an investor will receive from holding Cardinal Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cardinal Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Cardinal Health's performance over market.| α | 0.09 | β | 0.58 |
Cardinal Health expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Cardinal Health's Buy-and-hold return. Our buy-and-hold chart shows how Cardinal Health performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Cardinal Health Market Price Analysis
Market price analysis 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 understating and applying Cardinal Health stock market price indicators, traders can identify Cardinal Health position entry and exit signals to maximize returns.
Cardinal Health Return and Market Media
The median price of Cardinal Health for the period between Mon, Aug 26, 2024 and Sun, Nov 24, 2024 is 111.98 with a coefficient of variation of 3.67. The daily time series for the period is distributed with a sample standard deviation of 4.15, arithmetic mean of 113.25, and mean deviation of 3.12. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Cardinal Health dividend paid on 15th of October 2024 | 10/15/2024 |
1 | Rosenberg Matthew Hamilton Boosts Stock Position in Cardinal Health, Inc. | 10/31/2024 |
2 | Cardinal Health Announces Results of 2024 Annual Shareholders Meeting | 11/08/2024 |
3 | Cardinal Health stock hits record high after announcing 2 acquisitions | 11/13/2024 |
4 | Cardinal Healths chief accounting officer sells shares worth 432,919 | 11/14/2024 |
5 | Disposition of 5186 shares by Jessica Mayer of Cardinal Health at 121.29 subject to Rule 16b-3 | 11/15/2024 |
6 | Convergent Therapeutics Announces First Shipments of Actinium 225 from Cardinal Health to Support the CONVERGE-01 Phase 2 Clinical Trial | 11/18/2024 |
7 | Merit Medical Stock Gains 37.9 percent Year to Date Whats Behind the Rally | 11/20/2024 |
8 | Are You a Value Investor This 1 Stock Could Be the Perfect Pick | 11/22/2024 |
About Cardinal Health Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Cardinal or other stocks. Alpha measures the amount that position in Cardinal Health has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 (projected) | Dividend Yield | 0.0383 | 0.0213 | Price To Sales Ratio | 0.0804 | 0.12 |
Cardinal Health Upcoming Company Events
As portrayed in its financial statements, the presentation of Cardinal Health's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cardinal Health's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Cardinal Health's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Cardinal Health. Please utilize our Beneish M Score to check the likelihood of Cardinal Health's management manipulating its earnings.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of August 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
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Align your risk with return expectations
Check out Cardinal Health Backtesting, Cardinal Health Valuation, Cardinal Health Correlation, Cardinal Health Hype Analysis, Cardinal Health Volatility, Cardinal Health History and analyze Cardinal Health Performance. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.