Copart Stock Forecast - Rate Of Daily Change
| CPRT Stock | USD 54.02 0.36 0.66% |
Copart Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Copart stock prices and determine the direction of Copart Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Copart's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Copart's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Copart's systematic risk associated with finding meaningful patterns of Copart fundamentals over time.
Check out Historical Fundamental Analysis of Copart to cross-verify your projections. Copart |
Open Interest Against 2024-04-19 Copart Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Copart's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Copart's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Copart stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Copart's open interest, investors have to compare it to Copart's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Copart is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Copart. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Copart cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Copart's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Copart's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Copart.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.99 | 0.99 |
| Check Copart Volatility | Backtest Copart | Information Ratio |
Copart Trading Date Momentum
| On April 18 2024 Copart Inc was traded for 54.02 at the closing time. The top price for the day was 54.75 and the lowest listed price was 53.87 . There was no trading activity during the period 0.0. Lack of trading volume on April 18, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.83% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Copart to competition |
Other Forecasting Options for Copart
For every potential investor in Copart, whether a beginner or expert, Copart's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Copart Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Copart. Basic forecasting techniques help filter out the noise by identifying Copart's price trends.Copart Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Copart stock to make a market-neutral strategy. Peer analysis of Copart could also be used in its relative valuation, which is a method of valuing Copart by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Copart Inc Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Copart's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Copart's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Copart Market Strength Events
Market strength indicators help investors to evaluate how Copart stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Copart shares will generate the highest return on investment. By undertsting and applying Copart stock market strength indicators, traders can identify Copart Inc entry and exit signals to maximize returns.
Copart Risk Indicators
The analysis of Copart's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Copart's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting copart stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9056 | |||
| Semi Deviation | 1.01 | |||
| Standard Deviation | 1.19 | |||
| Variance | 1.42 | |||
| Downside Variance | 1.48 | |||
| Semi Variance | 1.02 | |||
| Expected Short fall | (0.95) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Copart
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 Copart 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 Copart will appreciate offsetting losses from the drop in the long position's value.Moving together with Copart Stock
| 0.79 | NL | NL Industries | PairCorr |
| 0.87 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.91 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
Moving against Copart Stock
| 0.87 | CLVT | CLARIVATE PLC Financial Report 14th of May 2024 | PairCorr |
| 0.85 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.81 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
| 0.78 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.77 | ARC | ARC Document Solutions Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Copart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Copart 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 Copart - 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 Copart Inc to buy it.
The correlation of Copart 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 Copart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Copart Inc 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 Copart 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.Check out Historical Fundamental Analysis of Copart to cross-verify your projections. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Copart Stock analysis
When running Copart's price analysis, check to measure Copart'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 Copart is operating at the current time. Most of Copart's value examination focuses on studying past and present price action to predict the probability of Copart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Copart's price. Additionally, you may evaluate how the addition of Copart to your portfolios can decrease your overall portfolio volatility.
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Is Copart'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 Copart. If investors know Copart 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 Copart 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 0.1 | Earnings Share 1.4 | Revenue Per Share 4.242 | Quarterly Revenue Growth 0.066 | Return On Assets 0.1465 |
The market value of Copart Inc is measured differently than its book value, which is the value of Copart that is recorded on the company's balance sheet. Investors also form their own opinion of Copart's value that differs from its market value or its book value, called intrinsic value, which is Copart'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 Copart's market value can be influenced by many factors that don't directly affect Copart'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 Copart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Copart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Copart'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.