McKesson (Mexico) Market Value
| MCK Stock | MXN 11,996 0.00 0.00% |
| Symbol | McKesson |
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.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in McKesson on January 3, 2023 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 720 days. McKesson is related to or competes with Applied Materials, FibraHotel, Taiwan Semiconductor, Southern Copper, DXC Technology, Southwest Airlines, and Ameriprise Financial. McKesson Corporation provides healthcare supply chain management, retail pharmacy, community oncology and specialty care... 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.
| Information Ratio | 0.1078 | |||
| Maximum Drawdown | 17.7 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.1429 |
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 | 0.1028 | |||
| Jensen Alpha | 0.2818 | |||
| Total Risk Alpha | 0.2119 | |||
| Treynor Ratio | (1.82) |
McKesson Backtested Returns
McKesson appears to be very steady, given 3 months investment horizon. McKesson has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of volatility over the last 3 months. We have found eighteen technical indicators for McKesson, which you can use to evaluate the volatility of the firm. Please exercise McKesson's risk adjusted performance of 0.1028, and Mean Deviation of 0.7419 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 11. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning McKesson are expected to decrease at a much lower rate. During the bear market, McKesson is likely to outperform the market. Please check McKesson's jensen alpha, skewness, day typical price, as well as the relationship between the value at risk and rate of daily change , to make a quick decision on whether McKesson's current price movements will revert.
Auto-correlation | 0.50 |
Modest predictability
McKesson has modest predictability. Overlapping area represents the amount of predictability between McKesson time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 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 0.5 indicates that about 50.0% of current McKesson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for McKesson Stock Analysis
When running McKesson's price analysis, check to measure McKesson'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 McKesson is operating at the current time. Most of McKesson's value examination focuses on studying past and present price action to predict the probability of McKesson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McKesson's price. Additionally, you may evaluate how the addition of McKesson to your portfolios can decrease your overall portfolio volatility.