Copart Correlations

CPRT Stock

USD 38.67 0.02 0.05%

The current 90-days correlation between Copart Inc and Liberty Latin America is 0.12 (i.e., Average diversification). The correlation of Copart 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Build AI portfolio with Copart Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Copart Stock

0.61

NTNX

Nutanix

Pair Corr

Moving against Copart Stock

0.84	PACH	Pioneer Acquisition	Pair Corr
0.82	KODK	Eastman Kodak	Pair Corr
0.82	EXPE	Expedia Group	Pair Corr
0.79	DNUT	Krispy Kreme	Pair Corr
0.79	INCY	Incyte	Pair Corr
0.74	BVFL	BV Financial, Common Normal Trading	Pair Corr
0.73	THH	TryHard Holdings	Pair Corr
0.71	QUILF	Quilter plc	Pair Corr
0.69	DCM	Data Communications	Pair Corr
0.65	SILXF	Silex Systems Limited Downward Rally	Pair Corr
0.56	GKOS	Glaukos Corp	Pair Corr
0.56	LFST	Lifestance Health	Pair Corr
0.53	CGY	Calian Technologies	Pair Corr
0.41	BACK	IMAC Holdings	Pair Corr
0.39	TORO	Toro	Pair Corr
0.9	CSCO	Cisco Systems	Pair Corr
0.81	DRXGF	Drax Group plc	Pair Corr
0.77	COPL	Copley Acquisition Corp	Pair Corr
0.74	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.73	OBIO	Orchestra BioMed Holdings	Pair Corr
0.71	NOEM	CO2 Energy Transition	Pair Corr
0.71	FTRS	Futuris Company	Pair Corr
0.64	SBKFF	State Bank	Pair Corr
0.6	ORRF	Orrstown Financial	Pair Corr
0.58	ATRO	Astronics	Pair Corr
0.54	SFRX	Seafarer Exploration	Pair Corr

Related Correlations Analysis

	IAS	ZD	IMAX	NN	CRTO	LILA	MNTN	LION	IRDM
IAS		-0.34	0.28	-0.57	-0.33	0.12	-0.52	-0.02	-0.15	IAS
ZD	-0.34		-0.49	0.55	0.22	0.05	0.65	-0.14	0.78	ZD
IMAX	0.28	-0.49		0.14	-0.33	0.58	-0.45	0.8	-0.4	IMAX
NN	-0.57	0.55	0.14		0.17	0.31	0.38	0.53	0.32	NN
CRTO	-0.33	0.22	-0.33	0.17		-0.35	0.43	-0.12	0.11	CRTO
LILA	0.12	0.05	0.58	0.31	-0.35		-0.26	0.64	-0.18	LILA
MNTN	-0.52	0.65	-0.45	0.38	0.43	-0.26		-0.31	0.4	MNTN
LION	-0.02	-0.14	0.8	0.53	-0.12	0.64	-0.31		-0.34	LION
IRDM	-0.15	0.78	-0.4	0.32	0.11	-0.18	0.4	-0.34		IRDM
	IAS	ZD	IMAX	NN	CRTO	LILA	MNTN	LION	IRDM

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LION	+ 0.8	IMAX
IRDM	+ 0.78	ZD
MNTN	+ 0.65	ZD
LION	+ 0.64	LILA
LILA	+ 0.58	IMAX
NN	+ 0.55	ZD

High negative correlations

NN	- 0.57	IAS
MNTN	- 0.52	IAS
IMAX	- 0.49	ZD
MNTN	- 0.45	IMAX
IRDM	- 0.4	IMAX
LILA	- 0.35	CRTO

Risk-Adjusted Indicators

There is a big difference between Copart Stock performing well and Copart Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Copart's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IAS	0.72	0.36	0.62	(1.26)	0.00	(1.03)	0.39	(0.58)	21.04
ZD	1.92	(0.18)	0.00	(0.03)	0.00	0.00	4.30	(3.53)	12.48
IMAX	1.51	0.29	0.12	1.52	1.59	(1.69)	3.17	(2.31)	9.88
NN	2.81	(0.22)	0.00	(0.03)	0.00	0.00	6.21	(6.04)	14.69
CRTO	1.78	(0.24)	0.00	(0.11)	0.00	0.00	3.64	(3.92)	11.83
LILA	1.89	0.04	0.02	0.12	2.43	(1.93)	3.93	(4.17)	15.16
MNTN	2.57	(0.79)	0.00	(0.48)	0.00	0.00	5.27	(6.57)	23.45
LION	1.83	0.14	0.06	0.29	1.73	(2.35)	4.55	(3.36)	9.34
IRDM	2.05	(0.07)	(0.01)	0.03	2.93	(2.04)	5.66	(5.27)	14.57

Copart Corporate Management

Nigel Paget	Managing UK	Profile
Leah Stearns	Chief Officer	Profile
Gavin Renfrew	Interim Officer	Profile
Steve Powers	Chief Officer	Profile
David Kang	Chief Officer	Profile
Adiel Avelar	Managing Brazil	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC