The historical performance of Elevance Health over the past 20 years, with an average annual return of 13.11% and outperforming the market, suggests a strong and stable investment. This performance, coupled with a significant market capitalization of $115.94 billion, indicates a positive outlook for ELV in the short term. The substantial growth of an initial $1000 investment into $11,921.72 further underscores the company's strong market position and potential for continued growth.