Corpay Inc Stock Chance of Future Stock Price Finishing Over 311.45
| CPAY Stock | 357.24 4.48 1.24% |
Corpay |
Corpay Target Price Odds to finish over 311.45
The tendency of Corpay Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above 311.45 in 90 days |
| 357.24 | 90 days | 311.45 | about 88.28 |
Based on a normal probability distribution, the odds of Corpay to stay above 311.45 in 90 days from now is about 88.28 (This Corpay Inc probability density function shows the probability of Corpay Stock to fall within a particular range of prices over 90 days) . Probability of Corpay Inc price to stay between 311.45 and its current price of 357.24 at the end of the 90-day period is about 60.9 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.08 suggesting Corpay Inc market returns are sensitive to returns on the market. As the market goes up or down, Corpay is expected to follow. Additionally Corpay Inc has an alpha of 0.105, implying that it can generate a 0.1 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Corpay Price Density |
| Price |
Predictive Modules for Corpay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Corpay Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Corpay Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Corpay is not an exception. The market had few large corrections towards the Corpay's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Corpay Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Corpay within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.10 | |
β | Beta against Dow Jones | 1.08 | |
σ | Overall volatility | 25.57 | |
Ir | Information ratio | 0.08 |
Corpay Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Corpay for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Corpay Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Corpay Inc was previously known as Fleetcor Technologies and was traded on New York Stock Exchange under the symbol FLT. | |
| Corpay Inc has a poor financial position based on the latest SEC disclosures | |
| Over 97.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: DocuSign Shares Gain 22 percent After Posting Q3 Earnings Revenue Beat |
Corpay Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Corpay Stock often depends not only on the future outlook of the current and potential Corpay's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Corpay's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 74.4 M | |
| Cash And Short Term Investments | 1.4 B |
Corpay Technical Analysis
Corpay's future price can be derived by breaking down and analyzing its technical indicators over time. Corpay Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Corpay Inc. In general, you should focus on analyzing Corpay Stock price patterns and their correlations with different microeconomic environments and drivers.
Corpay Predictive Forecast Models
Corpay's time-series forecasting models is one of many Corpay's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Corpay's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Corpay Inc
Checking the ongoing alerts about Corpay for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Corpay Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Corpay Inc was previously known as Fleetcor Technologies and was traded on New York Stock Exchange under the symbol FLT. | |
| Corpay Inc has a poor financial position based on the latest SEC disclosures | |
| Over 97.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: DocuSign Shares Gain 22 percent After Posting Q3 Earnings Revenue Beat |
Additional Tools for Corpay Stock Analysis
When running Corpay's price analysis, check to measure Corpay'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 Corpay is operating at the current time. Most of Corpay's value examination focuses on studying past and present price action to predict the probability of Corpay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corpay's price. Additionally, you may evaluate how the addition of Corpay to your portfolios can decrease your overall portfolio volatility.