Copart (Brazil) Market Value
| C1PR34 Stock | BRL 155.36 0.00 0.00% |
| Symbol | Copart |
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.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Copart on December 19, 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 90 days. Copart is related to or competes with Delta Air, Micron Technology, and Seagate Technology. 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.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (2.47) |
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 | (0.26) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (2.37) |
Copart Inc Backtested Returns
Copart Inc secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26 % return per unit of risk over the last 3 months. Copart Inc exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Copart's Risk Adjusted Performance of (0.26), mean deviation of 0.5889, and Standard Deviation of 0.9395 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Copart's returns are expected to increase less than the market. However, during the bear market, the loss of holding Copart is expected to be smaller as well. At this point, Copart Inc has a negative expected return of -0.25%. Please make sure to confirm Copart's information ratio, maximum drawdown, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Copart Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Copart Inc has average predictability. Overlapping area represents the amount of predictability between Copart time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. 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 0.43 indicates that just about 43.0% of current Copart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 32.07 |
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 |
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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 Information and Resources on Investing in Copart Stock
When determining whether Copart Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Copart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Copart Inc Stock. Highlighted below are key reports to facilitate an investment decision about Copart Inc Stock:Check out Copart Correlation, Copart Volatility and Copart Alpha and Beta module to complement your research on Copart. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Copart 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.