Corvel Corp Stock Price on August 1, 2024
| CRVL Stock | USD 365.40 4.01 1.11% |
Below is the normalized historical share price chart for CorVel Corp extending back to June 28, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CorVel Corp stands at 365.40, as last reported on the 2nd of December, with the highest price reaching 367.73 and the lowest price hitting 362.16 during the day.
If you're considering investing in CorVel Stock, it is important to understand the factors that can impact its price. CorVel Corp appears to be very steady, given 3 months investment horizon. CorVel Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for CorVel Corp, which you can use to evaluate the volatility of the firm. Please makes use of CorVel Corp's Mean Deviation of 1.45, risk adjusted performance of 0.0954, and Downside Deviation of 1.54 to double-check if our risk estimates are consistent with your expectations.
At this time, CorVel Corp's Total Stockholder Equity is quite stable compared to the past year. Common Stock Shares Outstanding is expected to rise to about 24.8 M this year, although the value of Common Stock Total Equity will most likely fall to 2,888. . At this time, CorVel Corp's Price To Book Ratio is quite stable compared to the past year. Price Sales Ratio is expected to rise to 5.80 this year, although the value of Price To Operating Cash Flows Ratio will most likely fall to 27.28. CorVel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of June 1991 | 200 Day MA 281.8821 | 50 Day MA 328.1858 | Beta 1.099 |
CorVel |
Sharpe Ratio = 0.1333
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Estimated Market Risk
| 2.11 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average CorVel Corp is performing at about 10% 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 CorVel Corp by adding it to a well-diversified portfolio.
Price Book 22.1306 | Enterprise Value Ebitda 47.4898 | Price Sales 7.4002 | Shares Float 9.3 M | Earnings Share 4.71 |
CorVel Corp Main Headline on 1st of August 2024
Acquisition by Hamerslag Steven J of 500 shares of CorVel Co... by Hamerslag Steven J
Filed transaction by CorVel Corp Director. Grant, award or other acquisition pursuant to Rule 16b-3(d)
CorVel Corp Valuation on August 1, 2024
It is possible to determine the worth of CorVel Corp on a given historical date. On August 1, 2024 CorVel was worth 305.6 at the beginning of the trading date compared to the closed value of 306.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CorVel Corp stock. Still, in general, we apply an absolute valuation method to find CorVel Corp'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 CorVel Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CorVel Corp's related companies.
| Open | High | Low | Close | Volume | |
| 321.46 | 321.46 | 305.36 | 306.80 | 73,771 | |
08/01/2024 | 305.60 | 309.40 | 297.76 | 306.82 | 46,869 |
| 295.41 | 301.21 | 294.07 | 301.21 | 45,141 |
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CorVel Corp Trading Date Momentum on August 1, 2024
| On August 02 2024 CorVel Corp was traded for 301.21 at the closing time. The top price for the day was 301.21 and the lowest listed price was 294.07 . The trading volume for the day was 45.1 K. The trading history from August 2, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.83% . The overall trading delta against the current closing price is 2.02% . |
CorVel Corp Fundamentals Correlations and Trends
By evaluating CorVel Corp'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 CorVel Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CorVel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CorVel Corp Stock history
CorVel Corp 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 CorVel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CorVel Corp 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 CorVel Corp stock prices may prove useful in developing a viable investing in CorVel Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 17.3 M | 24.8 M | |
| Net Income Applicable To Common Shares | 76.3 M | 80.1 M |
CorVel Corp Quarterly Net Working Capital |
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CorVel Corp Stock Technical Analysis
CorVel Corp 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
CorVel Corp Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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CorVel Corp December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how CorVel Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CorVel Corp shares will generate the highest return on investment. By undertsting and applying CorVel Corp stock market strength indicators, traders can identify CorVel Corp entry and exit signals to maximize returns
CorVel Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CorVel Corp's price direction in advance. Along with the technical and fundamental analysis of CorVel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CorVel 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 | 0.0954 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0721 | |||
| Treynor Ratio | 0.1208 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CorVel Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CorVel Corp. If investors know CorVel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CorVel Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.174 | Earnings Share 4.71 | Revenue Per Share 49.398 | Quarterly Revenue Growth 0.148 | Return On Assets 0.1334 |
The market value of CorVel Corp is measured differently than its book value, which is the value of CorVel that is recorded on the company's balance sheet. Investors also form their own opinion of CorVel Corp's value that differs from its market value or its book value, called intrinsic value, which is CorVel Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CorVel Corp's market value can be influenced by many factors that don't directly affect CorVel Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CorVel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CorVel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CorVel Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.