Corvel Corp Stock Filter Stocks by Fundamentals
| CRVL Stock | USD 240.08 5.02 2.14% |
CorVel Corp fundamentals help investors to digest information that contributes to CorVel Corp's financial success or failures. It also enables traders to predict the movement of CorVel Stock. The fundamental analysis module provides a way to measure CorVel Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CorVel Corp stock.
CorVel | Shares Owned by Insiders |
CorVel Corp Institutional Holders
Institutional Holdings refers to the ownership stake in CorVel Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CorVel Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CorVel Corp's value.| Shares | Wells Fargo & Co | 2023-12-31 | 165.3 K | Northern Trust Corp | 2023-12-31 | 111.7 K | Assenagon Asset Management Sa | 2023-12-31 | 88.5 K | Norges Bank | 2023-12-31 | 80.8 K | Bank Of New York Mellon Corp | 2023-12-31 | 76.8 K | Charles Schwab Investment Management Inc | 2023-12-31 | 73.6 K | Amvescap Plc. | 2023-12-31 | 72.3 K | Raymond James & Associates | 2023-12-31 | 58.4 K | Victory Capital Management Inc. | 2023-12-31 | 51.3 K | Kayne Anderson Rudnick Investment Management Llc | 2023-12-31 | 1.9 M | Blackrock Inc | 2023-12-31 | 1.5 M |
CorVel Fundamentals
| Return On Equity | 0.35 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 3.94 B | ||||
| Shares Outstanding | 17.09 M | ||||
| Shares Owned By Insiders | 46.89 % | ||||
| Shares Owned By Institutions | 53.81 % | ||||
| Number Of Shares Shorted | 359.77 K | ||||
| Price To Earning | 64.27 X | ||||
| Price To Book | 17.32 X | ||||
| Price To Sales | 5.23 X | ||||
| Revenue | 718.56 M | ||||
| Gross Profit | 152.11 M | ||||
| EBITDA | 84.55 M | ||||
| Net Income | 66.36 M | ||||
| Cash And Equivalents | 94.31 M | ||||
| Cash Per Share | 5.42 X | ||||
| Total Debt | 23.86 M | ||||
| Debt To Equity | 0.19 % | ||||
| Current Ratio | 1.44 X | ||||
| Book Value Per Share | 13.66 X | ||||
| Cash Flow From Operations | 82.29 M | ||||
| Short Ratio | 10.01 X | ||||
| Earnings Per Share | 4.32 X | ||||
| Number Of Employees | 4.44 K | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 4.1 B | ||||
| Total Asset | 393.92 M | ||||
| Retained Earnings | 731.67 M | ||||
| Working Capital | 75.88 M | ||||
| Current Asset | 123.11 M | ||||
| Current Liabilities | 80.42 M | ||||
| Net Asset | 393.92 M |
About CorVel Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CorVel Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CorVel Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CorVel Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 CorVel Corp Piotroski F Score and CorVel Corp Altman Z Score analysis. For more information on how to buy CorVel Stock please use our How to buy in CorVel Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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.