Corpay Inc Stock Market Value
| CPAY Stock | 381.54 1.67 0.44% |
| Symbol | Corpay |
Corpay Inc Price To Book Ratio
Is Diversified Financial 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 Corpay. If investors know Corpay 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 Corpay 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 0.083 | Revenue Per Share 52.142 | Quarterly Revenue Growth 0.038 | Return On Assets 0.069 | Return On Equity 0.3234 |
The market value of Corpay Inc is measured differently than its book value, which is the value of Corpay that is recorded on the company's balance sheet. Investors also form their own opinion of Corpay's value that differs from its market value or its book value, called intrinsic value, which is Corpay'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 Corpay's market value can be influenced by many factors that don't directly affect Corpay'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 Corpay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corpay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corpay'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.
Corpay 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Corpay's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Corpay.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Corpay on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Corpay Inc or generate 0.0% return on investment in Corpay over 30 days. Corpay is related to or competes with Nike, Lululemon Athletica, Kontoor Brands, Fortress Transp, Willscot Mobile, and Ralph Lauren. Corpay is entity of United States. It is traded as Stock on NYSE exchange. More
Corpay Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Corpay's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Corpay Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1701 | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.38 |
Corpay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corpay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corpay's standard deviation. In reality, there are many statistical measures that can use Corpay historical prices to predict the future Corpay's volatility.| Risk Adjusted Performance | 0.2028 | |||
| Jensen Alpha | 0.2468 | |||
| Total Risk Alpha | 0.1395 | |||
| Sortino Ratio | 0.2043 | |||
| Treynor Ratio | 0.3562 |
Corpay Inc Backtested Returns
Corpay appears to be very steady, given 3 months investment horizon. Corpay Inc secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We have found twenty-nine 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, risk adjusted performance of 0.2028, and Mean Deviation of 1.03 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Corpay holds a performance score of 19. The firm shows a Beta (market volatility) of 1.05, which signifies a somewhat significant risk relative to the market. Corpay returns are very sensitive to returns on the market. As the market goes up or down, Corpay is expected to follow. Please check Corpay's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Corpay's price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Corpay Inc has very good predictability. Overlapping area represents the amount of predictability between Corpay time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Corpay Inc price movement. The serial correlation of 0.82 indicates that around 82.0% of current Corpay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 29.89 |
Corpay Inc lagged returns against current returns
Autocorrelation, which is Corpay stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Corpay's stock expected returns. We can calculate the autocorrelation of Corpay returns to help us make a trade decision. For example, suppose you find that Corpay has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Corpay regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Corpay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corpay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corpay stock over time.
Current vs Lagged Prices |
| Timeline |
Corpay Lagged Returns
When evaluating Corpay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corpay stock have on its future price. Corpay autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Corpay autocorrelation shows the relationship between Corpay stock current value and its past values and can show if there is a momentum factor associated with investing in Corpay Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.