Carvana Stock Market Value

CVNA -  USA Stock  

USD 135.65  22.34  14.14%

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


Is Carvana Co'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 Carvana Co. If investors know Carvana 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 Carvana Co 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 Carvana Co Cl is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana Co's value that differs from its market value or its book value, called intrinsic value, which is Carvana Co'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 Carvana Co's market value can be influenced by many factors that don't directly affect Carvana Co'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 Carvana Co's value and its price as these two are different measures arrived at by different means. Investors typically determine Carvana Co value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana Co'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.

Carvana Co '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 Carvana Co'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 Carvana Co.
0.00
03/02/2020
No Change 0.00  0.0 
In 1 year 10 months and 22 days
01/21/2022
0.00
If you would invest  0.00  in Carvana Co on March 2, 2020 and sell it all today you would earn a total of 0.00 from holding Carvana Co Cl or generate 0.0% return on investment in Carvana Co over 690 days. Carvana Co is related to or competes with EBay, Farfetch, Mogu Inc, and Mercadolibre. Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the Uni...

Carvana Co 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 Carvana Co'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 Carvana Co Cl upside and downside potential and time the market with a certain degree of confidence.

Carvana Co Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Carvana Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carvana Co's standard deviation. In reality, there are many statistical measures that can use Carvana Co historical prices to predict the future Carvana Co's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Carvana Co'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 Carvana Co in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
127.54131.45149.25
Details
Intrinsic
Valuation
LowReal ValueHigh
122.11193.09197.00
Details
21 Analysts
Consensus
LowTarget PriceHigh
260.00370.75470.00
Details
Earnings
Estimates (12)
LowProjected EPSHigh
-2.07-1.42-1.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Carvana Co. Your research has to be compared to or analyzed against Carvana Co's peers to derive any actionable benefits. When done correctly, Carvana Co'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 Carvana Co Cl.

Carvana Co Cl Backtested Returns

Carvana Co Cl secures Sharpe Ratio (or Efficiency) of -0.27, which signifies that the company had -0.27% 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. Carvana Co Cl exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Carvana Co Cl mean deviation of 2.77, and Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.9956, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Carvana's beta means in this case. Carvana Co returns are very sensitive to returns on the market. As the market goes up or down, Carvana Co is expected to follow. Even though it is essential to pay attention to Carvana Co Cl 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. Carvana Co Cl exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Carvana Co Cl has an expected return of -1.14%. Please be advised to confirm Carvana Co Cl semi variance, rate of daily change, and the relationship between the value at risk and kurtosis to decide if Carvana Co Cl performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.10)   

Very weak reverse predictability

Carvana Co Cl has very weak reverse predictability. Overlapping area represents the amount of predictability between Carvana Co time series from 2nd of March 2020 to 10th of February 2021 and 10th of February 2021 to 21st of January 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 Carvana Co Cl price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Carvana Co price fluctuation can be explain by its past prices. Given that Carvana Co Cl has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Carvana Co for similar time interval.
Correlation Coefficient-0.1
Spearman Rank Test-0.01
Residual Average0.0
Price Variance1795.55

Carvana Co Cl lagged returns against current returns

Autocorrelation, which is Carvana Co 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 Carvana Co's stock expected returns. We can calculate the autocorrelation of Carvana Co returns to help us make a trade decision. For example, suppose you find that Carvana Co 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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      Timeline 

Carvana Co 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 Carvana Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carvana Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carvana Co stock over time.
 Current vs Lagged Prices 
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      Timeline 

Carvana Co Lagged Returns

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

Carvana Co Investors Sentiment

The influence of Carvana Co'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 Carvana. 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.

Carvana Co Implied Volatility

    
  212.47  
Carvana Co's implied volatility exposes the market's sentiment of Carvana Co Cl stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carvana Co's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carvana Co stock will not fluctuate a lot when Carvana Co's options are near their expiration.
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 Carvana Co 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, Carvana Co's short interest history, or implied volatility extrapolated from Carvana Co options trading.

Current Sentiment - CVNA

Carvana Co Cl Investor Sentiment

Most of Macroaxis users are currently bullish on Carvana Co Cl. What is your opinion about investing in Carvana Co Cl? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Carvana Co

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 Carvana Co 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 Carvana Co will appreciate offsetting losses from the drop in the long position's value.

Carvana Co Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Carvana Co and EBay Inc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Carvana Co Hype Analysis, Carvana Co Correlation, Carvana Co Valuation, Carvana Co Volatility, as well as analyze Carvana Co Alpha and Beta and Carvana Co Performance. Note that the Carvana Co Cl information on this page should be used as a complementary analysis to other Carvana Co'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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Carvana Stock analysis

When running Carvana Co Cl price analysis, check to measure Carvana Co'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 Carvana Co is operating at the current time. Most of Carvana Co's value examination focuses on studying past and present price action to predict the probability of Carvana Co's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Carvana Co's price. Additionally, you may evaluate how the addition of Carvana Co to your portfolios can decrease your overall portfolio volatility.
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Carvana Co 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 Carvana Co technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Carvana Co 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...