Copart Accumulated Other Comprehensive Income from 2010 to 2024
| CPRT Stock | USD 54.93 0.62 1.14% |
Accumulated Other Comprehensive Income | First Reported 1996-07-31 | Previous Quarter -177.4 M | Current Value -145.3 M | Quarterly Volatility 51.6 M |
Check Copart financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Copart main balance sheet or income statement drivers, such as Depreciation And Amortization of 192.8 M, Interest Expense of 79.6 M or Total Revenue of 4.7 B, as well as many exotic indicators such as Price To Sales Ratio of 10.29, Dividend Yield of 1.0E-4 or PTB Ratio of 3.7. Copart financial statements analysis is a perfect complement when working with Copart Valuation or Volatility modules.
Copart | Accumulated Other Comprehensive Income |
Latest Copart's Accumulated Other Comprehensive Income Growth Pattern
Below is the plot of the Accumulated Other Comprehensive Income of Copart Inc over the last few years. It is gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized. Copart's Accumulated Other Comprehensive Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Copart's overall financial position and show how it may be relating to other accounts over time.
| Accumulated Other Comprehensive Income | 10 Years Trend |
|
Accumulated Other Comprehensive Income |
| Timeline |
Copart Accumulated Other Comprehensive Income Regression Statistics
| Arithmetic Mean | (94,091,235) | |
| Coefficient Of Variation | (50.31) | |
| Mean Deviation | 38,559,890 | |
| Median | (107,928,000) | |
| Standard Deviation | 47,339,263 | |
| Sample Variance | 2241T | |
| Range | 162.2M | |
| R-Value | (0.86) | |
| Mean Square Error | 634T | |
| R-Squared | 0.74 | |
| Significance | 0.000042 | |
| Slope | (9,089,223) | |
| Total Sum of Squares | 31374.1T |
Copart Accumulated Other Comprehensive Income History
About Copart Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Copart income statement, its balance sheet, and the statement of cash flows. Copart investors use historical funamental indicators, such as Copart's Accumulated Other Comprehensive Income, to determine how well the company is positioned to perform in the future. Although Copart investors may use each financial statement separately, they are all related. The changes in Copart's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Copart'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 Copart Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Copart. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -126.9 M | -120.6 M |
Copart Investors Sentiment
The influence of Copart'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 Copart. 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 Copart's public news can be used to forecast risks associated with an investment in Copart. The trend in average sentiment can be used to explain how an investor holding Copart can time the market purely based on public headlines and social activities around Copart Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Copart'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 Copart'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 Copart's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Copart.
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 Copart 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, Copart's short interest history, or implied volatility extrapolated from Copart options trading.
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
| 0.75 | NL | NL Industries Earnings Call This Week | PairCorr |
| 0.85 | WM | Waste Management Earnings Call Tomorrow | PairCorr |
Moving against Copart Stock
| 0.62 | ACU | Acme United | PairCorr |
| 0.58 | FORR | Forrester Research Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | FC | Franklin Covey Financial Report 26th of June 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 the analysis of Copart Correlation against competitors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.