Carvana Co Stock Price on October 3, 2024
| CVNA Stock | USD 259.36 10.98 4.42% |
If you're considering investing in Carvana Stock, it is important to understand the factors that can impact its price. As of today, the current price of Carvana stands at 259.36, as last reported on the 25th of November, with the highest price reaching 263.61 and the lowest price hitting 249.02 during the day. Carvana appears to be very steady, given 3 months investment horizon. Carvana 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. By analyzing Carvana's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of Carvana's Mean Deviation of 2.12, downside deviation of 2.76, and Risk Adjusted Performance of 0.1898 to double-check if our risk estimates are consistent with your expectations.
Carvana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Carvana |
Sharpe Ratio = 0.2373
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Estimated Market Risk
| 3.48 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.83 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Carvana 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 Carvana by adding it to a well-diversified portfolio.
Carvana Valuation on October 3, 2024
It is possible to determine the worth of Carvana on a given historical date. On October 3, 2024 Carvana was worth 175.88 at the beginning of the trading date compared to the closed value of 176.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Carvana stock. Still, in general, we apply an absolute valuation method to find Carvana'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 Carvana where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Carvana's related companies.
| Open | High | Low | Close | Volume | |
| 173.81 | 177.61 | 171.82 | 176.95 | 1,982,775 | |
10/03/2024 | 175.88 | 179.93 | 174.03 | 176.64 | 1,760,133 |
| 179.80 | 182.84 | 176.61 | 180.17 | 2,272,546 |
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Carvana Trading Date Momentum on October 3, 2024
| On October 04 2024 Carvana Co was traded for 180.17 at the closing time. The top price for the day was 182.84 and the lowest listed price was 176.61 . The trading volume for the day was 2.3 M. The trading history from October 4, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 2.00% . The overall trading delta against the current closing price is 9.59% . |
Carvana Fundamentals Correlations and Trends
By evaluating Carvana'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 Carvana's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Carvana financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Carvana Stock history
Carvana 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 Carvana is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Carvana 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 Carvana stock prices may prove useful in developing a viable investing in Carvana
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Carvana Co. was founded in 2012 and is headquartered in Tempe, Arizona. Carvana Co operates under Internet Retail classification in the United States and is traded on New York Stock Exchange. It employs 21000 people.
Carvana Stock Technical Analysis
Carvana 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
Carvana Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Carvana Co cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Carvana November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Carvana stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Carvana shares will generate the highest return on investment. By undertsting and applying Carvana stock market strength indicators, traders can identify Carvana Co entry and exit signals to maximize returns
Carvana Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Carvana's price direction in advance. Along with the technical and fundamental analysis of Carvana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Carvana 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 | 0.1898 | |||
| Jensen Alpha | 0.8161 | |||
| Total Risk Alpha | 0.268 | |||
| Sortino Ratio | 0.2526 | |||
| Treynor Ratio | 163.35 |
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Complementary Tools for Carvana Stock analysis
When running Carvana's price analysis, check to measure Carvana'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 Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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