Carnival Stock Market Value

CCL Stock  USD 25.14  0.20  0.79%   
Carnival's market value is the price at which a share of Carnival trades on a public exchange. It measures the collective expectations of Carnival investors about its performance. Carnival is selling for 25.14 as of the 28th of November 2024. This is a 0.79% down since the beginning of the trading day. The stock's lowest day price was 25.14.
With this module, you can estimate the performance of a buy and hold strategy of Carnival and determine expected loss or profit from investing in Carnival over a given investment horizon. Check out Carnival Correlation, Carnival Volatility and Carnival Alpha and Beta module to complement your research on Carnival.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
Symbol

Carnival Price To Book Ratio

Is Hotels, Resorts & Cruise Lines 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 Carnival. If investors know Carnival 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 Carnival 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
0.599
Earnings Share
1.17
Revenue Per Share
19.351
Quarterly Revenue Growth
0.152
Return On Assets
0.0425
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival'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 Carnival's market value can be influenced by many factors that don't directly affect Carnival'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 Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival'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.

Carnival '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 Carnival'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 Carnival.
0.00
10/29/2024
No Change 0.00  0.0 
In 30 days
11/28/2024
0.00
If you would invest  0.00  in Carnival on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Carnival or generate 0.0% return on investment in Carnival over 30 days. Carnival is related to or competes with Royal Caribbean, Airbnb, Expedia, Booking Holdings, Norwegian Cruise, and TripAdvisor. Carnival Corporation plc operates as a leisure travel company More

Carnival 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 Carnival'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 Carnival upside and downside potential and time the market with a certain degree of confidence.

Carnival Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Carnival's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carnival's standard deviation. In reality, there are many statistical measures that can use Carnival historical prices to predict the future Carnival's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carnival's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
23.6525.9228.19
Details
Intrinsic
Valuation
LowRealHigh
19.6621.9327.65
Details
Naive
Forecast
LowNextHigh
23.0525.3227.60
Details
28 Analysts
Consensus
LowTargetHigh
15.1916.6918.53
Details

Carnival Backtested Returns

Carnival appears to be not too volatile, given 3 months investment horizon. Carnival secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of risk over the last 3 months. By analyzing Carnival's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please makes use of Carnival's Risk Adjusted Performance of 0.2299, downside deviation of 1.5, and Mean Deviation of 1.71 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carnival holds a performance score of 23. The firm shows a Beta (market volatility) of 1.59, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Carnival will likely underperform. Please check Carnival's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Carnival's price patterns will revert.

Auto-correlation

    
  0.74  

Good predictability

Carnival has good predictability. Overlapping area represents the amount of predictability between Carnival time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Carnival price movement. The serial correlation of 0.74 indicates that around 74.0% of current Carnival price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.67
Residual Average0.0
Price Variance0.14

Carnival lagged returns against current returns

Autocorrelation, which is Carnival 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 Carnival's stock expected returns. We can calculate the autocorrelation of Carnival returns to help us make a trade decision. For example, suppose you find that Carnival 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  

Carnival 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 Carnival stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carnival stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carnival stock over time.
   Current vs Lagged Prices   
       Timeline  

Carnival Lagged Returns

When evaluating Carnival's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carnival stock have on its future price. Carnival 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, Carnival autocorrelation shows the relationship between Carnival stock current value and its past values and can show if there is a momentum factor associated with investing in Carnival.
   Regressed Prices   
       Timeline  

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When determining whether Carnival is a strong investment it is important to analyze Carnival's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carnival's future performance. For an informed investment choice regarding Carnival Stock, refer to the following important reports:
Check out Carnival Correlation, Carnival Volatility and Carnival Alpha and Beta module to complement your research on Carnival.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Carnival 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.
A focus of Carnival technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Carnival trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...