Copart Stock Forward View - Simple Moving Average
| CPRT Stock | USD 33.45 0.00 0.00% |
The Simple Moving Average reference data for Copart is derived from the equity's published trading history. The resulting forecast and deviation statistics are presented as reference data for informational context. Forecast values and accuracy statistics are presented for informational purposes. All values shown are derived from publicly available market data.
The Simple Moving Average forecasted value of Copart Inc on the next trading day is expected to be 33.45 with a mean absolute deviation of 0.65 and the sum of the absolute errors of 38.08.The simple moving average model is conceptually a linear regression of the current value of Copart Inc price series against current and previous (unobserved) value of Copart. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future The forecast reference data presented here for Copart Inc reflects Simple Moving Average model output and is intended as reference material for analytical use. Simple Moving Average Price Forecast For the 24th of March
Given 90 days horizon, the Simple Moving Average forecasted value of Copart Inc on the next trading day is expected to be 33.45 with a mean absolute deviation of 0.65 , mean absolute percentage error of 0.77 , and the sum of the absolute errors of 38.08 .Please note that although there have been many attempts to predict Copart Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Copart's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Copart | Copart Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Copart Inc uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. The current forecast range spans downside near 31.51 and upside near 35.38.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Copart stock data series using in forecasting. Note that when a statistical model is used to represent Copart stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 114.1783 |
| Bias | Arithmetic mean of the errors | 0.1472 |
| MAD | Mean absolute deviation | 0.6454 |
| MAPE | Mean absolute percentage error | 0.0173 |
| SAE | Sum of the absolute errors | 38.0775 |
Other Forecasting Options for Copart
Fibonacci retracement levels applied to Copart Stock price swings identify potential support and resistance zones. Extreme price moves in Copart occur more frequently than standard risk models assume. Support and resistance levels derived from Copart's historical data identify zones where buying or selling pressure has stalled moves. A volume spike without a corresponding price move can signal accumulation or distribution ahead of a directional breakout.Copart Related Equities
The stocks listed below are peers of Copart within the Industrials space and offer context for ranking and strength. Growth rate gaps between Copart and its peers often explain pricing differences in the market. How Copart ranks within this group can shift over time as the competitive picture changes. Use these checks as a starting point for deeper study of Copart's strengths and weak spots.
| Risk & Return | Correlation |
Copart Market Strength Events
Tracking market strength indicators for Copart provides context for understanding stock momentum dynamics. Tracking these indicators helps identify periods where trading Copart is likely to be most rewarding. These tools are essential for timing trades in Copart Inc with a quantitative framework. Market strength indicators for Copart Inc are most useful when viewed as part of a broader analytical framework.
| Accumulation Distribution | 0.0299 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 32.95 | |||
| Day Typical Price | 33.12 | |||
| Market Facilitation Index | 1.0 | |||
| Price Action Indicator | 0.5 | |||
| Relative Strength Index | 37.07 |
Copart Risk Indicators
Properly assessing Copart's risk indicators is a prerequisite for building reliable price forecasts. This analysis provides context for determining the appropriate level of risk to accept when holding Copart's. Analyzing Copart's risk indicators provides a critical input for investment risk management. By quantifying the risk in Copart's investment, investors can make more informed decisions about hedging strategies.
| Mean Deviation | 1.34 | |||
| Standard Deviation | 1.87 | |||
| Variance | 3.49 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Copart
Story coverage around Copart Inc often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Copart Short Properties
A short-interest review of Copart Inc provides context for understanding whether skepticism in the market is becoming more influential. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 977.6 M | |
| Cash And Short Term Investments | 4.8 B |
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