Copart Inc currently holds roughly 911.89
M in cash with 1.03
B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.85.
Volatility is a rate at which the price of Rbc Smid 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 Rbc Smid may increase or decrease. In other words, similar to Rbc's
beta indicator, it measures the risk of Rbc Smid and helps estimate the fluctuations that may happen in a short period of time. So if prices of Rbc Smid 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.
Instrument Allocation
The asset allocation of funds such as Rbc Smid usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Rbc Smid Cap
DetailsBreaking down the case for Rbc Smid
The newest bullish price patterns experienced by current Copart Inc shareholders could raise concerns from private investors as the firm it trading at a share price of
157.51 on
404,076 in volume. The company management teams have been very successful in rebalancing the firm assets at opportune times to take advantage of market volatility in
October. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.53. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
Copart has 90 percent likelihood to drop below $154 in December
The skewness is down to -0.86 as of today.
As of the 17th of November 2021, Copart shows the Mean Deviation of 1.11,
downside deviation of 1.69, and Risk Adjusted Performance of 0.0954. Copart Inc
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen
technical drivers for Copart Inc, which can be compared to its rivals. Please confirm
Copart Inc coefficient of variation,
maximum drawdown, as well as the
relationship between the Maximum Drawdown and
skewness to decide if Copart Inc is priced correctly, providing market reflects its regular price of 157.51 per share. Given that Copart has
jensen alpha of 0.1674, we suggest you to validate Copart Inc's prevailing market performance to make sure the company can sustain itself at a future point.
Our Conclusion on Copart
Whereas many of the other players within the specialty business services industry are still a little expensive, even after the recent corrections, Copart may offer a potential longer-term growth to private investors. While some before the next earnings call oriented private investors may not share our view, we believe it may not be a good time to buy new shares of Copart.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Rbc Smid Cap. Please refer to our
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