Carnival Story

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CCL -- USA Stock  

USD 20.79  0.13  0.62%

Carnival is generating negative expected returns assuming volatility of 4.855% on return distribution over 90 days investment horizon. As many investors are getting excited about consumer cyclical space, it is fair to summarize Carnival. We will summarize why some stakeholders are closely monitoring Carnival's volatility.
Published over three months ago
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Should you exit Carnival (NYSE:CCL) after the new volatility hike?
Carnival has roughly 6.88 B in cash with 502 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.08.
Volatility is a rate at which the price of Carnival or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Carnival may increase or decrease. In other words, similar to Carnival's beta indicator, it measures the risk of Carnival and helps estimate the fluctuations that may happen in a short period of time. So if prices of Carnival fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Carnival's Liquidity

Carnival financial leverage refers to using borrowed capital as a funding source to finance Carnival ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Carnival financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Carnival's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Carnival, but it might be worth checking our own buy vs. sell analysis

Carnival Volatility Drivers

Carnival unsystematic risk is unique to Carnival and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Carnival you can also buy Expedia Group. You can also mitigate this risk by investing in the travel services sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Carnival important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Carnival income statement and balance sheet. Here are more details about Carnival volatility.
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