Crossamerica Partners Lp Stock Market Value
| CAPL Stock | USD 22.35 0.16 0.72% |
| Symbol | Crossamerica |
Crossamerica Partners Price To Book Ratio
Is Crossamerica Partners' 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 Crossamerica Partners. If investors know Crossamerica 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 Crossamerica Partners 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 (0.03) | Dividend Share 2.1 | Earnings Share 1.05 | Revenue Per Share 107.765 | Quarterly Revenue Growth (0.11) |
The market value of Crossamerica Partners is measured differently than its book value, which is the value of Crossamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Crossamerica Partners' value that differs from its market value or its book value, called intrinsic value, which is Crossamerica Partners' 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 Crossamerica Partners' market value can be influenced by many factors that don't directly affect Crossamerica Partners' 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 Crossamerica Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crossamerica Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crossamerica Partners' 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.
Crossamerica Partners 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Crossamerica Partners' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Crossamerica Partners.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Crossamerica Partners on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Crossamerica Partners LP or generate 0.0% return on investment in Crossamerica Partners over 30 days. Crossamerica Partners is related to or competes with CVR Energy, PBF Energy, HF Sinclair, Par Pacific, Star Gas, Delek Energy, and Phillips. CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and owne... More
Crossamerica Partners Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Crossamerica Partners' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Crossamerica Partners LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.47 |
Crossamerica Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crossamerica Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crossamerica Partners' standard deviation. In reality, there are many statistical measures that can use Crossamerica Partners historical prices to predict the future Crossamerica Partners' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crossamerica Partners' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Crossamerica Partners Backtested Returns
Crossamerica Partners secures Sharpe Ratio (or Efficiency) of -0.0466, which signifies that the company had a -0.0466% return per unit of risk over the last 3 months. Crossamerica Partners LP exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crossamerica Partners' Mean Deviation of 0.8316, risk adjusted performance of (0.01), and Standard Deviation of 1.05 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Crossamerica Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Crossamerica Partners is expected to be smaller as well. Crossamerica Partners has an expected return of -0.0456%. Please make sure to confirm Crossamerica Partners value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Crossamerica Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Crossamerica Partners LP has excellent reverse predictability. Overlapping area represents the amount of predictability between Crossamerica Partners time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Crossamerica Partners price movement. The serial correlation of -0.84 indicates that around 84.0% of current Crossamerica Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Crossamerica Partners lagged returns against current returns
Autocorrelation, which is Crossamerica Partners stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Crossamerica Partners' stock expected returns. We can calculate the autocorrelation of Crossamerica Partners returns to help us make a trade decision. For example, suppose you find that Crossamerica Partners has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Crossamerica Partners regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Crossamerica Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crossamerica Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crossamerica Partners stock over time.
Current vs Lagged Prices |
| Timeline |
Crossamerica Partners Lagged Returns
When evaluating Crossamerica Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crossamerica Partners stock have on its future price. Crossamerica Partners autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Crossamerica Partners autocorrelation shows the relationship between Crossamerica Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Crossamerica Partners LP.
Regressed Prices |
| Timeline |
Pair Trading with Crossamerica Partners
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 Crossamerica Partners 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 Crossamerica Partners will appreciate offsetting losses from the drop in the long position's value.Moving against Crossamerica Stock
| 0.8 | BDCO | Blue Dolphin Energy | PairCorr |
| 0.68 | IEP | Icahn Enterprises Financial Report 8th of May 2024 | PairCorr |
| 0.47 | UGP | Ultrapar Participacoes Financial Report 1st of May 2024 | PairCorr |
| 0.41 | SUN | Sunoco LP Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Crossamerica Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crossamerica Partners 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 Crossamerica Partners - 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 Crossamerica Partners LP to buy it.
The correlation of Crossamerica Partners 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 Crossamerica Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crossamerica Partners 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 Crossamerica Partners 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 Crossamerica Partners Correlation, Crossamerica Partners Volatility and Crossamerica Partners Alpha and Beta module to complement your research on Crossamerica Partners. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Crossamerica Stock analysis
When running Crossamerica Partners' price analysis, check to measure Crossamerica Partners' 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 Crossamerica Partners is operating at the current time. Most of Crossamerica Partners' value examination focuses on studying past and present price action to predict the probability of Crossamerica Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crossamerica Partners' price. Additionally, you may evaluate how the addition of Crossamerica Partners to your portfolios can decrease your overall portfolio volatility.
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Crossamerica Partners technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.