CorVel Price Book Value Ratio from 2010 to 2024
| CRVL Stock | USD 241.89 3.25 1.36% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 14.68 | Current Value 15.41 | Quarterly Volatility 4.62913412 |
Check CorVel Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CorVel main balance sheet or income statement drivers, such as Depreciation And Amortization of 30.3 M, Selling General Administrative of 89 M or Total Revenue of 867.7 M, as well as many exotic indicators such as Price To Sales Ratio of 4.34, Dividend Yield of 0.0502 or PTB Ratio of 15.41. CorVel financial statements analysis is a perfect complement when working with CorVel Corp Valuation or Volatility modules.
CorVel | Price Book Value Ratio |
Latest CorVel Corp's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of CorVel Corp over the last few years. It is CorVel Corp's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CorVel Corp's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
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Price Book Value Ratio |
| Timeline |
CorVel Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 8.17 | |
| Geometric Mean | 6.98 | |
| Coefficient Of Variation | 56.65 | |
| Mean Deviation | 3.75 | |
| Median | 6.09 | |
| Standard Deviation | 4.63 | |
| Sample Variance | 21.43 | |
| Range | 14.6581 | |
| R-Value | 0.85 | |
| Mean Square Error | 6.34 | |
| R-Squared | 0.73 | |
| Significance | 0.000056 | |
| Slope | 0.88 | |
| Total Sum of Squares | 300.00 |
CorVel Price Book Value Ratio History
About CorVel Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CorVel Corp income statement, its balance sheet, and the statement of cash flows. CorVel Corp investors use historical funamental indicators, such as CorVel Corp's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although CorVel Corp investors may use each financial statement separately, they are all related. The changes in CorVel Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CorVel Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CorVel Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CorVel Corp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 14.68 | 15.41 |
Pair Trading with CorVel 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 CorVel 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 CorVel Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CorVel 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 CorVel 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 CorVel 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 CorVel Corp to buy it.
The correlation of CorVel Corp 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 CorVel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CorVel 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 CorVel 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.Check out the analysis of CorVel Corp Correlation against competitors. For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for CorVel Stock analysis
When running CorVel Corp's price analysis, check to measure CorVel 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 CorVel Corp is operating at the current time. Most of CorVel Corp's value examination focuses on studying past and present price action to predict the probability of CorVel Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CorVel Corp's price. Additionally, you may evaluate how the addition of CorVel Corp to your portfolios can decrease your overall portfolio volatility.
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Is CorVel 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 CorVel Corp. If investors know CorVel 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 CorVel Corp 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 0.031 | Earnings Share 4.32 | Revenue Per Share 45.138 | Quarterly Revenue Growth 0.128 | Return On Assets 0.1394 |
The market value of CorVel Corp is measured differently than its book value, which is the value of CorVel that is recorded on the company's balance sheet. Investors also form their own opinion of CorVel Corp's value that differs from its market value or its book value, called intrinsic value, which is CorVel 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 CorVel Corp's market value can be influenced by many factors that don't directly affect CorVel 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 CorVel Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CorVel Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CorVel 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.