CarMax (UK) Market Value
| 0HTQ Stock | 83.68 0.29 0.35% |
| Symbol | CarMax |
CarMax '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 CarMax's 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 CarMax.
| 01/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in CarMax on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding CarMax Inc or generate 0.0% return on investment in CarMax over 690 days. CarMax is related to or competes with Aeorema Communications, Cornish Metals, Charter Communications, Fidelity National, Bisichi Mining, McEwen Mining, and AMG Advanced. CarMax is entity of United Kingdom. It is traded as Stock on LSE exchange. More
CarMax 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 CarMax's 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 CarMax Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.25 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 4.24 |
CarMax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CarMax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CarMax's standard deviation. In reality, there are many statistical measures that can use CarMax historical prices to predict the future CarMax's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.0143 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.50) |
CarMax Inc Backtested Returns
Currently, CarMax Inc is very steady. CarMax Inc secures Sharpe Ratio (or Efficiency) of 0.0219, which signifies that the company had a 0.0219% return per unit of risk over the last 3 months. We have found thirty technical indicators for CarMax Inc, which you can use to evaluate the volatility of the firm. Please confirm CarMax's Risk Adjusted Performance of 0.0141, mean deviation of 1.57, and Downside Deviation of 1.94 to double-check if the risk estimate we provide is consistent with the expected return of 0.0476%. CarMax has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0233, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CarMax are expected to decrease at a much lower rate. During the bear market, CarMax is likely to outperform the market. CarMax Inc right now shows a risk of 2.17%. Please confirm CarMax Inc coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if CarMax Inc will be following its price patterns.
Auto-correlation | -0.07 |
Very weak reverse predictability
CarMax Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between CarMax time series from 13th of January 2023 to 24th of December 2023 and 24th of December 2023 to 3rd of December 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 CarMax Inc price movement. The serial correlation of -0.07 indicates that barely 7.0% of current CarMax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 25.85 |
CarMax Inc lagged returns against current returns
Autocorrelation, which is CarMax 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 CarMax's stock expected returns. We can calculate the autocorrelation of CarMax returns to help us make a trade decision. For example, suppose you find that CarMax 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 |
CarMax 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 CarMax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CarMax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CarMax stock over time.
Current vs Lagged Prices |
| Timeline |
CarMax Lagged Returns
When evaluating CarMax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CarMax stock have on its future price. CarMax 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, CarMax autocorrelation shows the relationship between CarMax stock current value and its past values and can show if there is a momentum factor associated with investing in CarMax Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for CarMax Stock Analysis
When running CarMax's price analysis, check to measure CarMax'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 CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.