Cavco Industries Stock Market Value
| CVCO Stock | USD 413.03 3.24 0.78% |
| Symbol | Cavco |
Cavco Industries Price To Book Ratio
Is Household Durables space 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 Cavco Industries. If investors know Cavco 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 Cavco Industries 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 (0.22) | Earnings Share 17.18 | Revenue Per Share 213.599 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0731 |
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' 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 Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' 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 Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' 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.
Cavco Industries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cavco Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cavco Industries.
| 04/07/2023 |
| 10/28/2024 |
If you would invest 0.00 in Cavco Industries on April 7, 2023 and sell it all today you would earn a total of 0.00 from holding Cavco Industries or generate 0.0% return on investment in Cavco Industries over 570 days. Cavco Industries is related to or competes with Meritage, Installed Building, Taylor Morn, Legacy Housing, Century Communities, Beazer Homes, and TRI Pointe. Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States More
Cavco Industries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cavco Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cavco Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 3.88 |
Cavco Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cavco Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cavco Industries' standard deviation. In reality, there are many statistical measures that can use Cavco Industries historical prices to predict the future Cavco Industries' volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0293 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cavco Industries' 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.
Cavco Industries Backtested Returns
Cavco Industries secures Sharpe Ratio (or Efficiency) of -0.0019, which signifies that the company had a -0.0019% return per unit of risk over the last 3 months. Cavco Industries exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cavco Industries' Downside Deviation of 2.09, mean deviation of 1.57, and Risk Adjusted Performance of 0.0295 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.81, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cavco Industries will likely underperform. At this point, Cavco Industries has a negative expected return of -0.0041%. Please make sure to confirm Cavco Industries' potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Cavco Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Cavco Industries has average predictability. Overlapping area represents the amount of predictability between Cavco Industries time series from 7th of April 2023 to 17th of January 2024 and 17th of January 2024 to 28th of October 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cavco Industries price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Cavco Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 906.95 |
Cavco Industries lagged returns against current returns
Autocorrelation, which is Cavco Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cavco Industries' stock expected returns. We can calculate the autocorrelation of Cavco Industries returns to help us make a trade decision. For example, suppose you find that Cavco Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cavco Industries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cavco Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cavco Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cavco Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Cavco Industries Lagged Returns
When evaluating Cavco Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cavco Industries stock have on its future price. Cavco Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cavco Industries autocorrelation shows the relationship between Cavco Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Cavco Industries.
Regressed Prices |
| Timeline |
Pair Trading with Cavco Industries
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 Cavco Industries 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 Cavco Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Cavco Stock
| 0.85 | VNCE | Vince Holding Corp | PairCorr |
| 0.91 | BZH | Beazer Homes USA Fiscal Year End 21st of November 2024 | PairCorr |
| 0.8 | DHI | DR Horton Fiscal Year End 5th of November 2024 | PairCorr |
| 0.7 | IBP | Installed Building | PairCorr |
Moving against Cavco Stock
| 0.55 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.5 | NWTN | NWTN Class B | PairCorr |
| 0.47 | STLA | Stellantis NV | PairCorr |
| 0.39 | VEV | Vicinity Motor Corp | PairCorr |
The ability to find closely correlated positions to Cavco Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cavco Industries 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 Cavco Industries - 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 Cavco Industries to buy it.
The correlation of Cavco Industries 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 Cavco Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cavco Industries 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 Cavco Industries 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 Cavco Industries Correlation, Cavco Industries Volatility and Cavco Industries Alpha and Beta module to complement your research on Cavco Industries. To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Cavco Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.