CorVel Enterprise Value Multiple from 2010 to 2024

CRVL Stock  USD 258.61  1.89  0.74%   
CorVel Corp Enterprise Value Multiple yearly trend continues to be quite stable with very little volatility. Enterprise Value Multiple may rise above 36.32 this year. From the period between 2010 and 2024, CorVel Corp, Enterprise Value Multiple regression line of its data series had standard deviation of  10.28 and standard deviation of  10.28. View All Fundamentals
 
Enterprise Value Multiple  
First Reported
2010-12-31
Previous Quarter
34.59
Current Value
36.32
Quarterly Volatility
10.27927234
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check CorVel Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CorVel main balance sheet or income statement drivers, such as Depreciation And Amortization of 30.3 M, Selling General Administrative of 89 M or Total Revenue of 867.7 M, as well as many exotic indicators such as Short Term Coverage Ratios of 4.18, Price Earnings Ratio of 46.95 or Price To Sales Ratio of 4.34. CorVel financial statements analysis is a perfect complement when working with CorVel Corp Valuation or Volatility modules.
  
This module can also supplement CorVel Corp's financial leverage analysis and stock options assessment as well as various CorVel Corp Technical models . Check out the analysis of CorVel Corp Correlation against competitors.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.

Latest CorVel Corp's Enterprise Value Multiple Growth Pattern

Below is the plot of the Enterprise Value Multiple of CorVel Corp over the last few years. It is CorVel Corp's Enterprise Value Multiple historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CorVel Corp's overall financial position and show how it may be relating to other accounts over time.
Enterprise Value Multiple10 Years Trend
Slightly volatile
   Enterprise Value Multiple   
       Timeline  

CorVel Enterprise Value Multiple Regression Statistics

Arithmetic Mean21.53
Geometric Mean19.29
Coefficient Of Variation47.74
Mean Deviation8.78
Median17.97
Standard Deviation10.28
Sample Variance105.66
Range29.8292
R-Value0.92
Mean Square Error16.93
R-Squared0.85
Slope2.12
Total Sum of Squares1,479

CorVel Enterprise Value Multiple History

2024 36.32
2023 34.59
2022 38.43
2021 34.74
2020 29.43
2019 16.49
2018 18.56

About CorVel Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CorVel Corp income statement, its balance sheet, and the statement of cash flows. CorVel Corp investors use historical funamental indicators, such as CorVel Corp's Enterprise Value Multiple, to determine how well the company is positioned to perform in the future. Although CorVel Corp investors may use each financial statement separately, they are all related. The changes in CorVel Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CorVel Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CorVel Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CorVel Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Enterprise Value Multiple 34.59  36.32 

CorVel Corp Investors Sentiment

The influence of CorVel Corp'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 CorVel. 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 CorVel Corp's public news can be used to forecast risks associated with an investment in CorVel. The trend in average sentiment can be used to explain how an investor holding CorVel can time the market purely based on public headlines and social activities around CorVel Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CorVel Corp'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 CorVel Corp'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 CorVel Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CorVel Corp.
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 CorVel Corp 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, CorVel Corp's short interest history, or implied volatility extrapolated from CorVel Corp options trading.

Pair Trading with CorVel Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CorVel Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CorVel Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with CorVel Stock

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Moving against CorVel Stock

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The ability to find closely correlated positions to CorVel Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CorVel Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CorVel Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CorVel Corp to buy it.
The correlation of CorVel Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CorVel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CorVel Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CorVel Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CorVel Corp is a strong investment it is important to analyze CorVel Corp'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 CorVel Corp's future performance. For an informed investment choice regarding CorVel Stock, refer to the following important reports:
Check out the analysis of CorVel Corp Correlation against competitors.
For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for CorVel Stock analysis

When running CorVel Corp's price analysis, check to measure CorVel Corp'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 CorVel Corp is operating at the current time. Most of CorVel Corp's value examination focuses on studying past and present price action to predict the probability of CorVel Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CorVel Corp's price. Additionally, you may evaluate how the addition of CorVel Corp to your portfolios can decrease your overall portfolio volatility.
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Is CorVel Corp's 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 CorVel Corp. If investors know CorVel 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 CorVel Corp 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
0.031
Earnings Share
4.3
Revenue Per Share
45.138
Quarterly Revenue Growth
0.128
Return On Assets
0.1394
The market value of CorVel Corp is measured differently than its book value, which is the value of CorVel that is recorded on the company's balance sheet. Investors also form their own opinion of CorVel Corp's value that differs from its market value or its book value, called intrinsic value, which is CorVel Corp'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 CorVel Corp's market value can be influenced by many factors that don't directly affect CorVel Corp'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 CorVel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CorVel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CorVel Corp'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.