Corvel Corp Stock Price Prediction
CRVL Stock | USD 235.06 0.70 0.30% |
Oversold Vs Overbought
43
Oversold | Overbought |
CorVel Corp stock price prediction is an act of determining the future value of CorVel Corp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of CorVel Corp's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of CorVel Corp and does not consider all of the tangible or intangible factors available from CorVel Corp's fundamental data. We analyze noise-free headlines and recent hype associated with CorVel Corp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting CorVel Corp's stock price prediction:Quarterly Earnings Growth 0.031 | Quarterly Revenue Growth 0.128 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of CorVel Corp based on different types of headlines from major news networks to social media. The CorVel stock price prediction module provides an analysis of price elasticity to changes in media outlook on CorVel Corp over a specific investment horizon. Using CorVel Corp hype-based prediction, you can estimate the value of CorVel Corp from the perspective of CorVel Corp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards CorVel Corp using CorVel Corp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards CorVel using crowd psychology based on the activity and movement of CorVel Corp's stock price.
CorVel Corp Short Interest
A significant increase or decrease in CorVel Corp's short interest from the previous month could be a good indicator of investor sentiment towards CorVel. Short interest can provide insight into the potential direction of CorVel Corp stock and how bullish or bearish investors feel about the market overall. An investor who is long CorVel Corp may also wish to track short interest. As short interest increases, investors should be becoming more worried about CorVel Corp and may potentially protect profits, hedge CorVel Corp with its derivative instruments, or be ready for some potential downside.
200 Day MA 221.7972 | Short Percent 0.0514 | Short Ratio 10.01 | Shares Short Prior Month 362.2 K | 50 Day MA 244.6142 |
CorVel Corp Hype to Price Pattern
Investor biases related to CorVel Corp's public news can be used to forecast risks associated with an investment in CorVel. The trend in average sentiment can be used to explain how an investor holding CorVel can time the market purely based on public headlines and social activities around CorVel Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of CorVel Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about CorVel Corp.
CorVel Corp Implied Volatility | 0.0 |
CorVel Corp's implied volatility exposes the market's sentiment of CorVel Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CorVel Corp'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 CorVel Corp stock will not fluctuate a lot when CorVel Corp's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in CorVel Corp. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in CorVel Corp to buy its stock at a price that has no basis in reality. In that case, they are not buying CorVel because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
CorVel Corp after-hype prediction price | USD 234.39 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current CorVel contract
Based on the Rule 16, the options market is currently suggesting that CorVel Corp will have an average daily up or down price movement of about 0.0% per day over the life of the 2024-05-17 option contract. With CorVel Corp trading at USD 235.06, that is roughly USD 0.0 . If you think that the market is fully incorporating CorVel Corp's daily price movement you should consider acquiring CorVel Corp options at the current volatility level of 0.0%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
CorVel |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CorVel 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.
CorVel Corp After-Hype Price Prediction Density Analysis
As far as predicting the price of CorVel Corp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in CorVel Corp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of CorVel Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
Expected price to next headline |
CorVel Corp Estimiated After-Hype Price Volatility
In the context of predicting CorVel Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on CorVel Corp's historical news coverage. CorVel Corp's after-hype downside and upside margins for the prediction period are 232.51 and 236.27, respectively. We have considered CorVel Corp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
CorVel Corp is very steady at this time. Analysis and calculation of next after-hype price of CorVel Corp is based on 3 months time horizon.
CorVel Corp Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as CorVel Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CorVel Corp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with CorVel Corp, there might be something going there, and it might present an excellent short sale opportunity.
Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 1.90 | 0.03 | 0.00 | 9 Events / Month | 5 Events / Month | In about 9 days |
Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
235.06 | 234.39 | 0.01 |
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CorVel Corp Hype Timeline
CorVel Corp is currently traded for 235.06. The entity has historical hype elasticity of 0.03, and average elasticity to hype of competition of 0.0. CorVel is anticipated to increase in value after the next headline, with the price projected to jump to 234.39 or above. The average volatility of media hype impact on the company the price is about 58.1%. The price upswing on the next news is projected to be 0.01%, whereas the daily expected return is currently at 0.01%. The volatility of related hype on CorVel Corp is about 801.2%, with the expected price after the next announcement by competition of 235.06. The company reported the previous year's revenue of 718.56 M. Net Income was 66.36 M with profit before overhead, payroll, taxes, and interest of 152.11 M. Given the investment horizon of 90 days the next anticipated press release will be in about 9 days. Check out CorVel Corp Basic Forecasting Models to cross-verify your projections.CorVel Corp Related Hype Analysis
Having access to credible news sources related to CorVel Corp's direct competition is more important than ever and may enhance your ability to predict CorVel Corp's future price movements. Getting to know how CorVel Corp's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how CorVel Corp may potentially react to the hype associated with one of its peers.
HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
ERIE | Erie Indemnity | (0.18) | 10 per month | 1.02 | 0.07 | 1.98 | (1.62) | 13.03 | |
CRD-B | Crawford Company | 0.46 | 7 per month | 0.00 | (0.07) | 5.95 | (6.84) | 27.57 | |
EHTH | eHealth | 0.08 | 8 per month | 0.00 | (0.12) | 6.62 | (8.32) | 32.29 | |
FANH | Fanhua Inc | 0.06 | 6 per month | 0.00 | (0.23) | 3.85 | (8.64) | 27.31 | |
AJG | Arthur J Gallagher | (1.90) | 8 per month | 1.01 | (0.08) | 1.51 | (1.82) | 4.08 | |
BRP | Brp Group | 0.07 | 10 per month | 2.16 | 0.06 | 4.08 | (3.75) | 10.47 | |
CRD-A | Crawford Company | (0.25) | 7 per month | 0.00 | (0.08) | 3.81 | (4.45) | 33.06 |
CorVel Corp Additional Predictive Modules
Most predictive techniques to examine CorVel price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CorVel using various technical indicators. When you analyze CorVel charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
About CorVel Corp Predictive Indicators
The successful prediction of CorVel Corp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as CorVel Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of CorVel Corp based on analysis of CorVel Corp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to CorVel Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to CorVel Corp's related companies. 2023 | 2024 (projected) | Dividend Yield | 0.0564 | 0.0502 | Price To Sales Ratio | 4.13 | 4.34 |
Story Coverage note for CorVel Corp
The number of cover stories for CorVel Corp depends on current market conditions and CorVel Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that CorVel Corp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about CorVel Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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CorVel Corp Short Properties
CorVel Corp's future price predictability will typically decrease when CorVel Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of CorVel Corp often depends not only on the future outlook of the potential CorVel Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CorVel Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 17.6 M | |
Cash And Short Term Investments | 71.3 M |
Check out CorVel Corp Basic Forecasting Models to cross-verify your projections. For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.