Published on 27 May 2024 on Simply Wall St. via Yahoo Finance
Passive investing in index funds can generate returns that roughly match the overall market. But you can do a lot better than that by buying good quality businesses for attractive prices. For example, the Elevance Health, Inc. (NYSE:ELV) share price is up 89% in the last five years, slightly above the market return. It's also good to see that the stock is up 17% in a year.
While this past week has detracted from the company's five-year return, let's look at the recent trends of the underlying business and see if the gains have been in alignment.