Carnival Stock Market Value

CCL
 Stock
  

USD 10.85  1.20  12.44%   

Carnival Corp's market value is the price at which a share of Carnival Corp stock trades on a public exchange. It measures the collective expectations of Carnival Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Carnival Corp and determine expected loss or profit from investing in Carnival Corp over a given investment horizon. Continue to Carnival Corp Hype Analysis, Carnival Corp Correlation, Carnival Corp Valuation, Carnival Corp Volatility, as well as analyze Carnival Corp Alpha and Beta and Carnival Corp Performance.
Symbol
Backtest


Is Carnival Corp'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 Carnival Corp. If investors know Carnival 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 Carnival Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Carnival Corp is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival Corp's value that differs from its market value or its book value, called intrinsic value, which is Carnival Corp'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 Carnival Corp's market value can be influenced by many factors that don't directly affect Carnival Corp'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 Carnival Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Carnival Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival Corp'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.

Carnival Corp '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 Carnival Corp's 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 Carnival Corp.
0.00
05/28/2022
No Change 0.00  0.0 
In 30 days
06/27/2022
0.00
If you would invest  0.00  in Carnival Corp on May 28, 2022 and sell it all today you would earn a total of 0.00 from holding Carnival Corp or generate 0.0% return on investment in Carnival Corp over 30 days. Carnival Corp is related to or competes with Brinks, China Eastern, Canadian National, Copa Holdings, Delta Air, Canadian Pacific, and Hawaiian Hlds. Carnival Corporation plc operates as a leisure travel companyMore

Carnival Corp 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 Carnival Corp's 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 Carnival Corp upside and downside potential and time the market with a certain degree of confidence.

Carnival Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Carnival Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carnival Corp's standard deviation. In reality, there are many statistical measures that can use Carnival Corp historical prices to predict the future Carnival Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Carnival Corp's 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. Please use the tools below to analyze the current value of Carnival Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
5.3510.2515.15
Details
Intrinsic
Valuation
LowReal ValueHigh
9.8514.7519.65
Details
Naive
Forecast
LowNext ValueHigh
4.479.3614.26
Details
13 Analysts
Consensus
LowTarget PriceHigh
18.0026.8042.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Carnival Corp. Your research has to be compared to or analyzed against Carnival Corp's peers to derive any actionable benefits. When done correctly, Carnival Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Carnival Corp.

Carnival Corp Backtested Returns

Carnival Corp secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had -0.18% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Carnival Corp exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Carnival Corp risk adjusted performance of (0.21), and Mean Deviation of 3.59 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 2.3865, which signifies a somewhat significant risk relative to the market. Let's try to break down what Carnival's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Carnival Corp will likely underperform. Even though it is essential to pay attention to Carnival Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Carnival Corp exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Carnival Corp has an expected return of -0.86%. Please be advised to confirm Carnival Corp semi variance, rate of daily change, and the relationship between the value at risk and kurtosis to decide if Carnival Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.74  

Almost perfect reverse predictability

Carnival Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Carnival Corp time series from 28th of May 2022 to 12th of June 2022 and 12th of June 2022 to 27th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Carnival Corp price movement. The serial correlation of -0.74 indicates that around 74.0% of current Carnival Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.74
Spearman Rank Test-0.67
Residual Average0.0
Price Variance0.35

Carnival Corp lagged returns against current returns

Autocorrelation, which is Carnival Corp 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 Carnival Corp's stock expected returns. We can calculate the autocorrelation of Carnival Corp returns to help us make a trade decision. For example, suppose you find that Carnival Corp stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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Carnival Corp 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 Carnival Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carnival Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carnival Corp stock over time.
 Current vs Lagged Prices 
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      Timeline 

Carnival Corp Lagged Returns

When evaluating Carnival Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carnival Corp stock have on its future price. Carnival Corp 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, Carnival Corp autocorrelation shows the relationship between Carnival Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Carnival Corp.
 Regressed Prices 
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      Timeline 

Carnival Corp Investors Sentiment

The influence of Carnival Corp'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 Carnival. 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 markets does not have a solid backing from leading economists and market statisticians.
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 Carnival Corp 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, Carnival Corp's short interest history, or implied volatility extrapolated from Carnival Corp options trading.

Current Sentiment - CCL

Carnival Corp Investor Sentiment

Greater number of Macroaxis users are currently bullish on Carnival Corp. What is your opinion about investing in Carnival Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Carnival Corp

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 Carnival Corp 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 Carnival Corp will appreciate offsetting losses from the drop in the long position's value.

Carnival Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Carnival Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnival Corp 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 Carnival Corp - 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 Carnival Corp to buy it.
The correlation of Carnival Corp is a statistical measure of how it moves in relation to other equities. 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 Carnival Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnival Corp 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 Carnival Corp 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.
Pair CorrelationCorrelation Matching
Continue to Carnival Corp Hype Analysis, Carnival Corp Correlation, Carnival Corp Valuation, Carnival Corp Volatility, as well as analyze Carnival Corp Alpha and Beta and Carnival Corp Performance. Note that the Carnival Corp information on this page should be used as a complementary analysis to other Carnival Corp's 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Carnival Corp price analysis, check to measure Carnival Corp'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 Carnival Corp is operating at the current time. Most of Carnival Corp's value examination focuses on studying past and present price action to predict the probability of Carnival Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Carnival Corp's price. Additionally, you may evaluate how the addition of Carnival Corp to your portfolios can decrease your overall portfolio volatility.
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Carnival Corp 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.
A focus of Carnival Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Carnival Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...