Copart Inc Stock Market Value
| CPRT Stock | USD 63.75 1.05 1.67% |
| Symbol | Copart |
Copart Inc Price To Book Ratio
Is Commercial Services & Supplies 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 Copart. If investors know Copart 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 Copart 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 (0.08) | Earnings Share 1.43 | Revenue Per Share 4.41 | Quarterly Revenue Growth 0.072 | Return On Assets 0.1297 |
The market value of Copart Inc is measured differently than its book value, which is the value of Copart that is recorded on the company's balance sheet. Investors also form their own opinion of Copart's value that differs from its market value or its book value, called intrinsic value, which is Copart'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 Copart's market value can be influenced by many factors that don't directly affect Copart'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 Copart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Copart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copart'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.
Copart '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 Copart'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 Copart.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Copart on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Copart Inc or generate 0.0% return on investment in Copart over 30 days. Copart is related to or competes with Global Payments, ABM Industries, Thomson Reuters, Aramark Holdings, Group 1, Sonic Automotive, and Asbury Automotive. Copart, Inc. provides online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom,... More
Copart 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 Copart'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 Copart Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0844 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.67 |
Copart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Copart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Copart's standard deviation. In reality, there are many statistical measures that can use Copart historical prices to predict the future Copart's volatility.| Risk Adjusted Performance | 0.1223 | |||
| Jensen Alpha | 0.1493 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0981 | |||
| Treynor Ratio | 0.2535 |
Copart Inc Backtested Returns
Copart appears to be very steady, given 3 months investment horizon. Copart Inc secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Copart Inc, which you can use to evaluate the volatility of the firm. Please makes use of Copart's Risk Adjusted Performance of 0.1223, mean deviation of 1.16, and Downside Deviation of 1.68 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Copart holds a performance score of 12. The firm shows a Beta (market volatility) of 1.13, which signifies a somewhat significant risk relative to the market. Copart returns are very sensitive to returns on the market. As the market goes up or down, Copart is expected to follow. Please check Copart's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Copart's price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Copart Inc has good predictability. Overlapping area represents the amount of predictability between Copart time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Copart Inc price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Copart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 6.5 |
Copart Inc lagged returns against current returns
Autocorrelation, which is Copart 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 Copart's stock expected returns. We can calculate the autocorrelation of Copart returns to help us make a trade decision. For example, suppose you find that Copart 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 |
Copart 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 Copart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Copart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Copart stock over time.
Current vs Lagged Prices |
| Timeline |
Copart Lagged Returns
When evaluating Copart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Copart stock have on its future price. Copart 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, Copart autocorrelation shows the relationship between Copart stock current value and its past values and can show if there is a momentum factor associated with investing in Copart Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Copart Stock Analysis
When running Copart's price analysis, check to measure Copart'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 Copart is operating at the current time. Most of Copart's value examination focuses on studying past and present price action to predict the probability of Copart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copart's price. Additionally, you may evaluate how the addition of Copart to your portfolios can decrease your overall portfolio volatility.