Carvana Co Stock Price on November 12, 2024
If you're considering investing in Carvana Stock, it is important to understand the factors that can impact its price. Carvana appears to be very steady, given 3 months investment horizon. Carvana secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. By analyzing Carvana's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please makes use of Carvana's Mean Deviation of 2.07, risk adjusted performance of 0.2038, and Downside Deviation of 2.65 to double-check if our risk estimates are consistent with your expectations.
Carvana Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Carvana |
Sharpe Ratio = 0.2558
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Estimated Market Risk
| 3.44 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.88 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Carvana is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Carvana by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Carvana Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
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Carvana November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Carvana stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Carvana shares will generate the highest return on investment. By undertsting and applying Carvana stock market strength indicators, traders can identify Carvana Co entry and exit signals to maximize returns
Carvana Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Carvana's price direction in advance. Along with the technical and fundamental analysis of Carvana Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Carvana to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2038 | |||
| Jensen Alpha | 0.8899 | |||
| Total Risk Alpha | 0.3526 | |||
| Sortino Ratio | 0.285 | |||
| Treynor Ratio | (5.39) |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Tools for Carvana Stock
When running Carvana's price analysis, check to measure Carvana'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 is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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