Carvana Co Stock Alpha and Beta Analysis
| CVNA Stock | USD 260.80 1.44 0.56% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Carvana Co. It also helps investors analyze the systematic and unsystematic risks associated with investing in Carvana over a specified time horizon. Remember, high Carvana'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 Carvana's market risk premium analysis include:
Beta 0.55 | Alpha 0.72 | Risk 3.48 | Sharpe Ratio 0.26 | Expected Return 0.89 |
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.
Carvana |
Carvana Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Carvana market risk premium is the additional return an investor will receive from holding Carvana 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 Carvana. 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 Carvana's performance over market.| α | 0.72 | β | 0.55 |
Carvana 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 Carvana's Buy-and-hold return. Our buy-and-hold chart shows how Carvana performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Carvana Market Price Analysis
Market price analysis 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 understating and applying Carvana stock market price indicators, traders can identify Carvana position entry and exit signals to maximize returns.
Carvana Return and Market Media
The median price of Carvana for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 190.99 with a coefficient of variation of 19.72. The daily time series for the period is distributed with a sample standard deviation of 37.75, arithmetic mean of 191.45, and mean deviation of 31.04. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 2402 shares by Ernest Garcia of Carvana at 149.1905 subject to Rule 16b-3 | 09/03/2024 |
2 | Disposition of 19490 shares by Ernest Garcia of Carvana at 143.8038 subject to Rule 16b-3 | 09/05/2024 |
3 | Disposition of 100000 shares by Ernest Garcia of Carvana subject to Rule 16b-3 | 09/25/2024 |
4 | Carvana Stock Rockets as Profit, Sales Jump on Rising Demand for Used Cars | 10/31/2024 |
5 | Disposition of 20000 shares by Mark Jenkins of Carvana at 245.26 subject to Rule 16b-3 | 11/08/2024 |
6 | Carvana CFO Mark Jenkins sells shares worth 9.9 million | 11/12/2024 |
7 | Carvana Expands Same Day Delivery to Las Vegas | 11/13/2024 |
8 | Divisadero Street Capital Management, LP Expands Stake in Rush Street Interactive Inc | 11/14/2024 |
9 | Carvanas Turnaround Tale Is This High-Flying Stock Still a Buy | 11/15/2024 |
10 | Is Carvana Stock Outpacing Its Retail-Wholesale Peers This Year | 11/18/2024 |
11 | The Zacks Analyst Blog Highlights Amazon.com, Abercrombie Fitch, Target and Carvana | 11/19/2024 |
12 | Carvana Announces Auction-IRC Megasite Integration in Boston Area | 11/20/2024 |
13 | Why Carvana Might be Well Poised for a Surge | 11/21/2024 |
14 | Bitcoins Surge Towards 100,000 Raises Concerns of Market Overheating | 11/25/2024 |
About Carvana 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 Carvana or other stocks. Alpha measures the amount that position in Carvana 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.
| 2023 | 2024 (projected) | Dividend Yield | 0.005405 | 0.005135 | Price To Sales Ratio | 0.54 | 0.51 |
Carvana Upcoming Company Events
As portrayed in its financial statements, the presentation of Carvana's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Carvana's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Carvana's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Carvana. Please utilize our Beneish M Score to check the likelihood of Carvana's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Carvana Backtesting, Carvana Valuation, Carvana Correlation, Carvana Hype Analysis, Carvana Volatility, Carvana History and analyze Carvana Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.