Corpay Inc Stock Today
| CPAY Stock | 302.60 3.31 1.11% |
Performance3 of 100
| Odds Of DistressLess than 9
|
Corpay is trading at 302.60 as of the 7th of May 2024; that is 1.11 percent increase since the beginning of the trading day. The stock's open price was 299.29. Corpay has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Corpay symbol was changed from FLT on 25th of March 2024. Equity ratings for Corpay Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of November 2023 and ending today, the 7th of May 2024. Click here to learn more.
Moving together with Corpay Stock
| 0.72 | GB | Global Blue Group | PairCorr |
| 0.71 | NN | Nextnav Acquisition Corp Financial Report 8th of May 2024 | PairCorr |
Moving against Corpay Stock
| 0.84 | ZS | Zscaler Financial Report 6th of June 2024 | PairCorr |
| 0.78 | S | SentinelOne Sell-off Trend | PairCorr |
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| 0.57 | VRNS | Varonis Systems | PairCorr |
Corpay Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Corpay's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Corpay or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Older Symbol | FLT |
| President Chairman | Ronald Clarke |
| Business Concentration | Business Services, Software - Infrastructure, Technology, NYSE Composite, Software - Infrastructure, Technology (View all Sectors) |
Corpay Inc (CPAY) is traded on New York Stock Exchange in USA. It is located in 3280 Peachtree Road, Atlanta, GA, United States, 30305 and employs 10,500 people. Corpay Inc was previously known as Fleetcor Technologies and was traded on New York Stock Exchange under the symbol FLT. Corpay is listed under Business Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 22.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Corpay's market, we take the total number of its shares issued and multiply it by Corpay's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Corpay Inc conducts business under Technology sector and is part of Software - Infrastructure industry. The entity has 71.85 M outstanding shares of which 1.12 M shares are currently shorted by private and institutional investors with about 2.21 trading days to cover.
Corpay generates positive cash flow from operations, but has no cash available
Check Corpay Probability Of Bankruptcy
Ownership AllocationCorpay holds a total of 71.85 Million outstanding shares. The majority of Corpay Inc outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Corpay Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Corpay. Please pay attention to any change in the institutional holdings of Corpay Inc as this could imply that something significant has changed or is about to change at the company. Also note that nearly seven hundred eighteen thousand five hundred thirty-six invesors are currently shorting Corpay expressing very little confidence in its future performance.
Check Corpay Ownership Details
Corpay Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Corpay jumping above the current price in 90 days from now is about 25.43%. The Corpay Inc probability density function shows the probability of Corpay stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Corpay has a beta of 0.0277 suggesting as returns on the market go up, Corpay average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Corpay Inc will be expected to be much smaller as well. Additionally, corpay Inc has an alpha of 0.06, implying that it can generate a 0.06 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Corpay to move above the current price in 90 days from now is about 25.43 (This Corpay Inc probability density function shows the probability of Corpay Stock to fall within a particular range of prices over 90 days) .
Corpay Inc Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Corpay market risk premium is the additional return an investor will receive from holding Corpay long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Corpay. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Corpay's alpha and beta are two of the key measurements used to evaluate Corpay's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.06 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0) |
Corpay Stock Against Markets
Picking the right benchmark for Corpay stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Corpay stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Corpay is critical whether you are bullish or bearish towards Corpay Inc at a given time. Please also check how Corpay's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Corpay without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Corpay Corporate Management
Elected by the shareholders, the Corpay's board of directors comprises two types of representatives: Corpay inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corpay. The board's role is to monitor Corpay's management team and ensure that shareholders' interests are well served. Corpay's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Corpay's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Fishbein | General Counsel | Profile | |
| Steve Greene | Executive Strategy | Profile | |
| Scott Dufour | Chief Officer | Profile | |
| Armando Netto | Group America | Profile | |
| Alan King | Group Australasia | Profile | |
| Thomas Panther | Chief Officer | Profile |
How to buy Corpay Stock?
Before investing in Corpay, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Corpay. To buy Corpay stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Corpay. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Corpay stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Corpay Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Corpay Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Corpay Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Corpay Stock please use our How to Invest in Corpay guide.
Already Invested in Corpay Inc?
The danger of trading Corpay Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Corpay is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Corpay. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Corpay Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Corpay Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Corpay's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Corpay Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Corpay Inc Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corpay Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Corpay Inc information on this page should be used as a complementary analysis to other Corpay's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Corpay Stock analysis
When running Corpay's price analysis, check to measure Corpay'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 Corpay is operating at the current time. Most of Corpay's value examination focuses on studying past and present price action to predict the probability of Corpay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corpay's price. Additionally, you may evaluate how the addition of Corpay to your portfolios can decrease your overall portfolio volatility.
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Is Corpay'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 Corpay. If investors know Corpay 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 Corpay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Corpay Inc is measured differently than its book value, which is the value of Corpay that is recorded on the company's balance sheet. Investors also form their own opinion of Corpay's value that differs from its market value or its book value, called intrinsic value, which is Corpay'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 Corpay's market value can be influenced by many factors that don't directly affect Corpay'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 Corpay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corpay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corpay'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.