CarMax (Germany) Chance of Future Stock Price Finishing Over 84.42
| XA4 Stock | EUR 81.26 0.60 0.73% |
CarMax |
CarMax Target Price Odds to finish over 84.42
The tendency of CarMax Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over € 84.42 or more in 90 days |
| 81.26 | 90 days | 84.42 | near 1 |
Based on a normal probability distribution, the odds of CarMax to move over € 84.42 or more in 90 days from now is near 1 (This CarMax Inc probability density function shows the probability of CarMax Stock to fall within a particular range of prices over 90 days) . Probability of CarMax Inc price to stay between its current price of € 81.26 and € 84.42 at the end of the 90-day period is about 1.66 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.09 . This entails CarMax Inc market returns are reactive to returns on the market. As the market goes up or down, CarMax is expected to follow. Additionally CarMax Inc has an alpha of 0.1165, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CarMax Price Density |
| Price |
Predictive Modules for CarMax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CarMax Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.CarMax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CarMax is not an exception. The market had few large corrections towards the CarMax's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold CarMax Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CarMax within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | 1.09 | |
σ | Overall volatility | 5.11 | |
Ir | Information ratio | 0.07 |
CarMax Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of CarMax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CarMax Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CarMax Inc has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| CarMax Inc has accumulated about 42.2 M in cash with (2.55 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.25. | |
| Over 100.0% of the company outstanding shares are owned by institutional investors |
CarMax Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of CarMax Stock often depends not only on the future outlook of the current and potential CarMax's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CarMax's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.1 M |
CarMax Technical Analysis
CarMax's future price can be derived by breaking down and analyzing its technical indicators over time. CarMax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CarMax Inc. In general, you should focus on analyzing CarMax Stock price patterns and their correlations with different microeconomic environments and drivers.
CarMax Predictive Forecast Models
CarMax's time-series forecasting models is one of many CarMax's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary CarMax's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about CarMax Inc
Checking the ongoing alerts about CarMax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CarMax Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CarMax Inc has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| CarMax Inc has accumulated about 42.2 M in cash with (2.55 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.25. | |
| Over 100.0% of the company outstanding shares are owned by institutional investors |
Additional Information and Resources on Investing in CarMax Stock
When determining whether CarMax Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CarMax'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 Carmax Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carmax Inc Stock:Check out CarMax Backtesting, CarMax Valuation, CarMax Correlation, CarMax Hype Analysis, CarMax Volatility, CarMax History as well as CarMax Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.