Cavco Industries Stock Technical Analysis
| CVCO Stock | USD 359.52 1.32 0.37% |
As of the 23rd of April, Cavco Industries shows the Risk Adjusted Performance of 0.0636, downside deviation of 2.43, and Mean Deviation of 1.71. Cavco Industries 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 break down nineteen technical drivers for Cavco Industries, which can be compared to its peers. Please confirm Cavco Industries information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Cavco Industries is priced correctly, providing market reflects its regular price of 359.52 per share. Given that Cavco Industries has jensen alpha of 0.0219, we suggest you to validate Cavco Industries's prevailing market performance to make sure the company can sustain itself at a future point.
Cavco Industries Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cavco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CavcoCavco |
Cavco Industries Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 374.67 | Buy | 4 | Odds |
Most Cavco analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cavco stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cavco Industries, talking to its executives and customers, or listening to Cavco conference calls.
Cavco Industries 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.
Cavco Industries Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cavco Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cavco Industries Trend Analysis
Use this graph to draw trend lines for Cavco Industries. You can use it to identify possible trend reversals for Cavco Industries as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cavco Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cavco Industries Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cavco Industries applied against its price change over selected period. The best fit line has a slop of 0.49 , which means Cavco Industries will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8934.45, which is the sum of squared deviations for the predicted Cavco Industries price change compared to its average price change.About Cavco Industries Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cavco Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cavco Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cavco Industries price pattern first instead of the macroeconomic environment surrounding Cavco Industries. By analyzing Cavco Industries's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cavco Industries's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cavco Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2010 | 2023 | 2024 (projected) | Dividend Yield | 0.00132 | 0.001319 | 0.001199 | Price To Sales Ratio | 1.35 | 1.8 | 0.98 |
Cavco Industries April 23, 2024 Technical Indicators
Most technical analysis of Cavco help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cavco from various momentum indicators to cycle indicators. When you analyze Cavco charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0636 | |||
| Market Risk Adjusted Performance | 0.0998 | |||
| Mean Deviation | 1.71 | |||
| Semi Deviation | 2.22 | |||
| Downside Deviation | 2.43 | |||
| Coefficient Of Variation | 1089.1 | |||
| Standard Deviation | 2.13 | |||
| Variance | 4.55 | |||
| Information Ratio | 0.05 | |||
| Jensen Alpha | 0.0219 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0438 | |||
| Treynor Ratio | 0.0898 | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.0 | |||
| Downside Variance | 5.91 | |||
| Semi Variance | 4.92 | |||
| Expected Short fall | (1.71) | |||
| Skewness | (0.62) | |||
| Kurtosis | (0.09) |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.Note that the Cavco Industries information on this page should be used as a complementary analysis to other Cavco Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Cavco Stock analysis
When running Cavco Industries' price analysis, check to measure Cavco Industries' 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 Cavco Industries is operating at the current time. Most of Cavco Industries' value examination focuses on studying past and present price action to predict the probability of Cavco Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cavco Industries' price. Additionally, you may evaluate how the addition of Cavco Industries to your portfolios can decrease your overall portfolio volatility.
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Is Cavco Industries' 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 Cavco Industries. If investors know Cavco 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 Cavco Industries 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 (0.36) | Earnings Share 19.74 | Revenue Per Share 215.435 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0936 |
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' 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 Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' 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 Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' 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.