Corpay Inc Stock Price on October 9, 2024
| CPAY Stock | 375.46 6.22 1.68% |
If you're considering investing in Corpay Stock, it is important to understand the factors that can impact its price. As of today, the current price of Corpay stands at 375.46, as last reported on the 22nd of November, with the highest price reaching 377.97 and the lowest price hitting 367.92 during the day. Corpay appears to be very steady, given 3 months investment horizon. Corpay Inc secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. We have found thirty technical indicators for Corpay Inc, which you can use to evaluate the volatility of the firm. Please makes use of Corpay's Downside Deviation of 1.24, mean deviation of 1.05, and Risk Adjusted Performance of 0.1863 to double-check if our risk estimates are consistent with your expectations.
Corpay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Corpay |
Sharpe Ratio = 0.2378
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Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Corpay is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Corpay by adding it to a well-diversified portfolio.
Corpay Valuation on October 9, 2024
It is possible to determine the worth of Corpay on a given historical date. On October 9, 2024 Corpay was worth 335.76 at the beginning of the trading date compared to the closed value of 334.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Corpay stock. Still, in general, we apply an absolute valuation method to find Corpay's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Corpay where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Corpay's related companies.
| Open | High | Low | Close | Volume | |
| 334.41 | 339.93 | 334.04 | 337.06 | 719,824 | |
10/09/2024 | 335.76 | 337.33 | 331.50 | 334.10 | 424,536 |
| 336.07 | 338.13 | 333.88 | 335.87 | 280,358 |
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Corpay Trading Date Momentum on October 9, 2024
| On October 10 2024 Corpay Inc was traded for 335.87 at the closing time. The top price for the day was 338.13 and the lowest listed price was 333.88 . The trading volume for the day was 280.4 K. The trading history from October 10, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.53% . The overall trading delta against the current closing price is 5.81% . |
Corpay Inc Fundamentals Correlations and Trends
By evaluating Corpay's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Corpay's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Corpay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Corpay Stock history
Corpay investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Corpay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Corpay Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Corpay stock prices may prove useful in developing a viable investing in Corpay
Corpay Stock Technical Analysis
Corpay 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.
Price Boundaries
Corpay Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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Corpay November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Corpay stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Corpay shares will generate the highest return on investment. By undertsting and applying Corpay stock market strength indicators, traders can identify Corpay Inc entry and exit signals to maximize returns
Corpay Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Corpay's price direction in advance. Along with the technical and fundamental analysis of Corpay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Corpay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1863 | |||
| Jensen Alpha | 0.3417 | |||
| Total Risk Alpha | 0.1514 | |||
| Sortino Ratio | 0.2006 | |||
| Treynor Ratio | 5.95 |
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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.