Crossamerica Partners Lp Stock Market Value
| CAPL Stock | USD 19.92 0.28 1.43% |
| Symbol | Crossamerica |
Is Crossamerica Partners' industry 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 Crossamerica Partners. If investors know Crossamerica 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 Crossamerica Partners listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Crossamerica Partners is measured differently than its book value, which is the value of Crossamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Crossamerica Partners' value that differs from its market value or its book value, called intrinsic value, which is Crossamerica Partners' 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 Crossamerica Partners' market value can be influenced by many factors that don't directly affect Crossamerica Partners' 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 Crossamerica Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crossamerica Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crossamerica Partners' 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.
Crossamerica Partners '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 Crossamerica Partners' 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 Crossamerica Partners.
| 02/19/2024 |
| 05/19/2024 |
If you would invest 0.00 in Crossamerica Partners on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Crossamerica Partners LP or generate 0.0% return on investment in Crossamerica Partners over 90 days. Crossamerica Partners is related to or competes with Delek Energy, Sunoco LP, CVR Energy, Phillips, Cosan SA, Par Pacific, and Valvoline. CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and owne... More
Crossamerica Partners 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 Crossamerica Partners' 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 Crossamerica Partners LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.93 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.5 |
Crossamerica Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crossamerica Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crossamerica Partners' standard deviation. In reality, there are many statistical measures that can use Crossamerica Partners historical prices to predict the future Crossamerica Partners' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 3.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crossamerica Partners' 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.
Crossamerica Partners Backtested Returns
Crossamerica Partners secures Sharpe Ratio (or Efficiency) of -0.0645, which signifies that the company had a -0.0645% return per unit of risk over the last 3 months. Crossamerica Partners LP exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crossamerica Partners' Risk Adjusted Performance of (0.03), standard deviation of 1.44, and Mean Deviation of 0.9605 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0269, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crossamerica Partners are expected to decrease at a much lower rate. During the bear market, Crossamerica Partners is likely to outperform the market. Crossamerica Partners has an expected return of -0.0928%. Please make sure to confirm Crossamerica Partners accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Crossamerica Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Crossamerica Partners LP has very good reverse predictability. Overlapping area represents the amount of predictability between Crossamerica Partners time series from 19th of February 2024 to 4th of April 2024 and 4th of April 2024 to 19th of May 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 Crossamerica Partners price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Crossamerica Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Crossamerica Partners lagged returns against current returns
Autocorrelation, which is Crossamerica Partners 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 Crossamerica Partners' stock expected returns. We can calculate the autocorrelation of Crossamerica Partners returns to help us make a trade decision. For example, suppose you find that Crossamerica Partners 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 |
Crossamerica Partners 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 Crossamerica Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crossamerica Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crossamerica Partners stock over time.
Current vs Lagged Prices |
| Timeline |
Crossamerica Partners Lagged Returns
When evaluating Crossamerica Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crossamerica Partners stock have on its future price. Crossamerica Partners 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, Crossamerica Partners autocorrelation shows the relationship between Crossamerica Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Crossamerica Partners LP.
Regressed Prices |
| Timeline |
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Check out Crossamerica Partners Correlation, Crossamerica Partners Volatility and Crossamerica Partners Alpha and Beta module to complement your research on Crossamerica Partners. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Crossamerica Stock analysis
When running Crossamerica Partners' price analysis, check to measure Crossamerica Partners' 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 Crossamerica Partners is operating at the current time. Most of Crossamerica Partners' value examination focuses on studying past and present price action to predict the probability of Crossamerica Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crossamerica Partners' price. Additionally, you may evaluate how the addition of Crossamerica Partners to your portfolios can decrease your overall portfolio volatility.
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Crossamerica Partners 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.