Corvel Corp Stock Buy Hold or Sell Recommendation
| CRVL Stock | USD 240.08 5.02 2.14% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding CorVel Corp is 'Strong Hold'. Macroaxis provides CorVel Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CRVL positions. The advice algorithm takes into account all of CorVel Corp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting CorVel Corp's buy or sell advice are summarized below:
Real Value 178.65 | Hype Value 235.19 | Market Value 240.08 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell CorVel Corp given historical horizon and risk tolerance towards CorVel Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for CorVel Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
CorVel |
Execute CorVel Corp Buy or Sell Advice
The CorVel recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on CorVel Corp. Macroaxis does not own or have any residual interests in CorVel Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute CorVel Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
CorVel Corp Trading Alerts and Improvement Suggestions
| About 47.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: CorVel Co. Shares Sold by New York State Teachers Retirement System - Defense World |
CorVel Corp Returns Distribution Density
The distribution of CorVel Corp's historical returns is an attempt to chart the uncertainty of CorVel Corp's future price movements. The chart of the probability distribution of CorVel Corp daily returns describes the distribution of returns around its average expected value. We use CorVel Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of CorVel Corp returns is essential to provide solid investment advice for CorVel Corp.
| Mean Return | 0.04 | Value At Risk | -2.76 | Potential Upside | 3.51 | Standard Deviation | 1.88 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of CorVel Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
CorVel Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as CorVel Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CorVel Corp backward and forwards among themselves. CorVel Corp's institutional investor refers to the entity that pools money to purchase CorVel Corp's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wells Fargo & Co | 165.3 K | Northern Trust Corp | 2023-12-31 | 111.7 K | Assenagon Asset Management Sa | 2023-12-31 | 88.5 K | Norges Bank | 2023-12-31 | 80.8 K | Bank Of New York Mellon Corp | 2023-12-31 | 76.8 K | Charles Schwab Investment Management Inc | 2023-12-31 | 73.6 K | Amvescap Plc. | 2023-12-31 | 72.3 K | Raymond James & Associates | 2023-12-31 | 58.4 K | Victory Capital Management Inc. | 2023-12-31 | 51.3 K | Kayne Anderson Rudnick Investment Management Llc | 2023-12-31 | 1.9 M | Blackrock Inc | 2023-12-31 | 1.5 M |
CorVel Corp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (8.5M) | 56.5M | (42.2M) | (26.2M) | (30.1M) | (28.6M) | |
| Free Cash Flow | 48.5M | 77.1M | 37.4M | 56.0M | 64.4M | 67.6M | |
| Depreciation | 22.5M | 23.4M | 23.9M | 25.1M | 28.9M | 30.3M | |
| Capital Expenditures | 32.4M | 17.2M | 29.8M | 26.3M | 30.3M | 15.2M | |
| Net Income | 47.4M | 46.4M | 66.4M | 66.4M | 76.3M | 80.1M | |
| End Period Cash Flow | 83.2M | 139.7M | 97.5M | 71.3M | 82.0M | 86.1M | |
| Other Non Cash Items | 1.8M | 2.6M | 280K | 1.6M | 1.9M | 2.0M | |
| Change To Inventory | 1.9M | 3.4M | (1.4M) | 4.4M | 5.1M | 6.6M | |
| Change Receivables | 4.0M | (976K) | (18.0M) | 336K | 302.4K | 317.5K | |
| Change To Netincome | 7.7M | (787K) | 7.8M | 5.3M | 6.1M | 5.2M | |
| Investments | (32.4M) | (17.2M) | (29.8M) | (26.3M) | (23.7M) | (24.9M) |
CorVel Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CorVel Corp or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CorVel Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CorVel stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 1.06 | |
σ | Overall volatility | 1.91 | |
Ir | Information ratio | -0.02 |
CorVel Corp Volatility Alert
CorVel Corp has relatively low volatility with skewness of 0.23 and kurtosis of 0.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CorVel Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact CorVel Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.CorVel Corp Fundamentals Vs Peers
Comparing CorVel Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze CorVel Corp's direct or indirect competition across all of the common fundamentals between CorVel Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as CorVel Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of CorVel Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing CorVel Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare CorVel Corp to competition |
| Fundamentals | CorVel Corp | Peer Average |
| Return On Equity | 0.35 | -0.31 |
| Return On Asset | 0.14 | -0.14 |
| Profit Margin | 0.1 % | (1.27) % |
| Operating Margin | 0.11 % | (5.51) % |
| Current Valuation | 3.93 B | 16.62 B |
| Shares Outstanding | 17.09 M | 571.82 M |
| Shares Owned By Insiders | 46.89 % | 10.09 % |
| Shares Owned By Institutions | 53.81 % | 39.21 % |
| Number Of Shares Shorted | 359.77 K | 4.71 M |
| Price To Earning | 64.27 X | 28.72 X |
| Price To Book | 17.32 X | 9.51 X |
| Price To Sales | 5.23 X | 11.42 X |
| Revenue | 718.56 M | 9.43 B |
| Gross Profit | 152.11 M | 27.38 B |
| EBITDA | 84.55 M | 3.9 B |
| Net Income | 66.36 M | 570.98 M |
| Cash And Equivalents | 94.31 M | 2.7 B |
| Cash Per Share | 5.42 X | 5.01 X |
| Total Debt | 23.86 M | 5.32 B |
| Debt To Equity | 0.19 % | 48.70 % |
| Current Ratio | 1.44 X | 2.16 X |
| Book Value Per Share | 13.66 X | 1.93 K |
| Cash Flow From Operations | 82.29 M | 971.22 M |
| Short Ratio | 10.01 X | 4.00 X |
| Earnings Per Share | 4.32 X | 3.12 X |
| Number Of Employees | 4.44 K | 18.84 K |
| Beta | 1.07 | -0.15 |
| Market Capitalization | 4.02 B | 19.03 B |
| Total Asset | 393.92 M | 29.47 B |
| Retained Earnings | 731.67 M | 9.33 B |
| Working Capital | 75.88 M | 1.48 B |
| Current Asset | 123.11 M | 9.34 B |
| Current Liabilities | 80.42 M | 7.9 B |
Note: Acquisition by Clemons V Gordon of 41950 shares of CorVel Corp subject to Rule 16b-3 [view details]
CorVel Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CorVel . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 342.55 | |||
| Daily Balance Of Power | 1.371585 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 238.34 | |||
| Day Typical Price | 238.92 | |||
| Market Facilitation Index | 2.0E-4 | |||
| Price Action Indicator | 4.25 | |||
| Period Momentum Indicator | 5.02 |
About CorVel Corp Buy or Sell Advice
When is the right time to buy or sell CorVel Corp? Buying financial instruments such as CorVel Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 43.1M | 23.9M | 27.4M | 42.8M | Total Assets | 415.2M | 393.9M | 453.0M | 475.7M |
Use Investing Ideas to Build Portfolios
In addition to having CorVel Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Airlines
Domestic and international airlines and airline services. The Airlines theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Airlines Theme or any other thematic opportunities.
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Check out CorVel Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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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| Volatility Analysis Get historical volatility and risk analysis based on latest market data |
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 4.32 | 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.