CAR GROUP (Australia) Market Value
| CAR Stock | 41.78 0.53 1.28% |
| Symbol | CAR |
CAR GROUP '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 CAR GROUP'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 CAR GROUP.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in CAR GROUP on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding CAR GROUP LIMITED or generate 0.0% return on investment in CAR GROUP over 180 days. CAR GROUP is related to or competes with IShares Global, Adriatic Metals, Australian Agricultural, and VanEck FTSE. CAR GROUP is entity of Australia. It is traded as Stock on AU exchange. More
CAR GROUP 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 CAR GROUP'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 CAR GROUP LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.36 |
CAR GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CAR GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAR GROUP's standard deviation. In reality, there are many statistical measures that can use CAR GROUP historical prices to predict the future CAR GROUP's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.1276 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0055 | |||
| Treynor Ratio | (4.89) |
CAR GROUP LIMITED Backtested Returns
Currently, CAR GROUP LIMITED is very steady. CAR GROUP LIMITED secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CAR GROUP LIMITED, which you can use to evaluate the volatility of the entity. Please confirm CAR GROUP's Semi Deviation of 0.9163, mean deviation of 0.9418, and Coefficient Of Variation of 935.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. CAR GROUP has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0255, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CAR GROUP are expected to decrease at a much lower rate. During the bear market, CAR GROUP is likely to outperform the market. CAR GROUP LIMITED at this time shows a risk of 1.28%. Please confirm CAR GROUP LIMITED jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if CAR GROUP LIMITED will be following its price patterns.
Auto-correlation | 0.64 |
Good predictability
CAR GROUP LIMITED has good predictability. Overlapping area represents the amount of predictability between CAR GROUP time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 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 CAR GROUP LIMITED price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current CAR GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
CAR GROUP LIMITED lagged returns against current returns
Autocorrelation, which is CAR GROUP 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 CAR GROUP's stock expected returns. We can calculate the autocorrelation of CAR GROUP returns to help us make a trade decision. For example, suppose you find that CAR GROUP 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 |
CAR GROUP 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 CAR GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAR GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CAR GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
CAR GROUP Lagged Returns
When evaluating CAR GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAR GROUP stock have on its future price. CAR GROUP 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, CAR GROUP autocorrelation shows the relationship between CAR GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in CAR GROUP LIMITED.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CAR Stock Analysis
When running CAR GROUP's price analysis, check to measure CAR GROUP'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 CAR GROUP is operating at the current time. Most of CAR GROUP's value examination focuses on studying past and present price action to predict the probability of CAR GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAR GROUP's price. Additionally, you may evaluate how the addition of CAR GROUP to your portfolios can decrease your overall portfolio volatility.