Carvana Co Stock Market Value
| CVNA Stock | USD 259.36 10.98 4.42% |
| Symbol | Carvana |
Carvana Price To Book Ratio
Is Automotive Retail 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 Carvana. If investors know Carvana 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 Carvana 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 (0.82) | Earnings Share 2.49 | Revenue Per Share 106.047 | Quarterly Revenue Growth 0.318 | Return On Assets 0.0604 |
The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana'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 Carvana's market value can be influenced by many factors that don't directly affect Carvana'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 Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana'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.
Carvana '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 Carvana'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 Carvana.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Carvana on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Carvana Co or generate 0.0% return on investment in Carvana over 30 days. Carvana is related to or competes with CarMax, U Power, SunCar Technology, Jiuzi Holdings, Vroom, AutoNation, and Lithia Motors. Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the Uni... More
Carvana 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 Carvana'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 Carvana Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | 0.1868 | |||
| Maximum Drawdown | 26.67 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 5.64 |
Carvana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carvana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carvana's standard deviation. In reality, there are many statistical measures that can use Carvana historical prices to predict the future Carvana's volatility.| Risk Adjusted Performance | 0.1744 | |||
| Jensen Alpha | 0.6836 | |||
| Total Risk Alpha | 0.2944 | |||
| Sortino Ratio | 0.2402 | |||
| Treynor Ratio | 1.2 |
Carvana Backtested Returns
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, risk adjusted performance of 0.1744, and Downside Deviation of 2.69 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carvana holds a performance score of 18. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Carvana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carvana is expected to be smaller as well. Please check Carvana's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Carvana's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Carvana Co has below average predictability. Overlapping area represents the amount of predictability between Carvana time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Carvana price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Carvana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 27.71 |
Carvana lagged returns against current returns
Autocorrelation, which is Carvana 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 Carvana's stock expected returns. We can calculate the autocorrelation of Carvana returns to help us make a trade decision. For example, suppose you find that Carvana 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 |
Carvana 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 Carvana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carvana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carvana stock over time.
Current vs Lagged Prices |
| Timeline |
Carvana Lagged Returns
When evaluating Carvana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carvana stock have on its future price. Carvana 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, Carvana autocorrelation shows the relationship between Carvana stock current value and its past values and can show if there is a momentum factor associated with investing in Carvana Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Carvana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Carvana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carvana Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carvana Co Stock:Check out Carvana Correlation, Carvana Volatility and Carvana Alpha and Beta module to complement your research on Carvana. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.