Corpay Inc Stock Alpha and Beta Analysis

CPAY Stock   375.46  6.22  1.68%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Corpay Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Corpay over a specified time horizon. Remember, high Corpay's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Corpay's market risk premium analysis include:
Beta
1.03
Alpha
0.27
Risk
1.5
Sharpe Ratio
0.24
Expected Return
0.36
Please note that although Corpay alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Corpay did 0.27  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Corpay Inc stock's relative risk over its benchmark. Corpay Inc has a beta of 1.03  . Corpay returns are very sensitive to returns on the market. As the market goes up or down, Corpay is expected to follow. At this time, Corpay's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 19.54 in 2024, whereas Book Value Per Share is likely to drop 27.82 in 2024.

Enterprise Value

14.28 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Corpay Backtesting, Corpay Valuation, Corpay Correlation, Corpay Hype Analysis, Corpay Volatility, Corpay History and analyze Corpay Performance.

Corpay Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Corpay market risk premium is the additional return an investor will receive from holding Corpay long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Corpay. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Corpay's performance over market.
α0.27   β1.03

Corpay expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Corpay's Buy-and-hold return. Our buy-and-hold chart shows how Corpay performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Corpay Market Price Analysis

Market price analysis indicators help investors to evaluate how Corpay stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Corpay shares will generate the highest return on investment. By understating and applying Corpay stock market price indicators, traders can identify Corpay position entry and exit signals to maximize returns.

Corpay Return and Market Media

The median price of Corpay for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 329.81 with a coefficient of variation of 7.14. The daily time series for the period is distributed with a sample standard deviation of 23.5, arithmetic mean of 329.32, and mean deviation of 20.15. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Disposition of 18500 shares by Armando Netto of Corpay at 114.9 subject to Rule 16b-3
09/10/2024
2
Acquisition by Armando Netto of 2459 shares of Corpay at 312.76 subject to Rule 16b-3
09/30/2024
3
Corpay to Announce Third Quarter 2024 Results on November 7, 2024
10/16/2024
4
Acquisition by Alissa Vickery of 10000 shares of Corpay at 174.35 subject to Rule 16b-3
10/22/2024
5
GFL Environmental Inc. Tops Q3 Earnings Estimates
11/06/2024
6
State of New Jersey Common Pension Fund D Has 7.61 Million Holdings in Corpay, Inc.
11/11/2024
7
Disposition of 550000 shares by Ronald Clarke of Corpay at 261.27 subject to Rule 16b-3
11/12/2024
8
Why today is a big day for Flight Centre shares
11/13/2024
9
Why Catapult, Flight Centre, Nufarm, and Xero shares are storming higher today
11/14/2024
10
Mawer Investment Management Ltd. Has 366.94 Million Stock Holdings in Corpay, Inc.
11/18/2024
11
Disposition of 5760 shares by Armando Netto of Corpay at 196.18 subject to Rule 16b-3
11/19/2024
12
Corpay Stock Gains 58 percent in a Year Heres What You Should Know
11/21/2024

About Corpay Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Corpay or other stocks. Alpha measures the amount that position in Corpay Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding230.98356.97336.92371.58
PTB Ratio6.415.466.284.61

Corpay Investors Sentiment

The influence of Corpay's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Corpay. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Corpay's public news can be used to forecast risks associated with an investment in Corpay. The trend in average sentiment can be used to explain how an investor holding Corpay can time the market purely based on public headlines and social activities around Corpay Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Corpay's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Corpay's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Corpay's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Corpay.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Corpay in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Corpay's short interest history, or implied volatility extrapolated from Corpay options trading.

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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.