Caseys General Stores Stock Market Value
| CASY Stock | USD 427.88 11.48 2.76% |
| Symbol | Caseys |
Caseys General Stores Price To Book Ratio
Is Consumer Staples Distribution & Retail space 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 Caseys General. If investors know Caseys 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 Caseys General listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.069 | Dividend Share 1.79 | Earnings Share 13.74 | Revenue Per Share 406.66 | Quarterly Revenue Growth 0.059 |
The market value of Caseys General Stores is measured differently than its book value, which is the value of Caseys that is recorded on the company's balance sheet. Investors also form their own opinion of Caseys General's value that differs from its market value or its book value, called intrinsic value, which is Caseys General'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 Caseys General's market value can be influenced by many factors that don't directly affect Caseys General'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 Caseys General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caseys General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caseys General'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.
Caseys General '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 Caseys General'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 Caseys General.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Caseys General on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Caseys General Stores or generate 0.0% return on investment in Caseys General over 720 days. Caseys General is related to or competes with Leslies, Sally Beauty, ODP Corp, 1 800, National Vision, MarineMax, and AutoZone. Caseys General Stores, Inc., together with its subsidiaries, operates convenience stores under the Caseys and Caseys Gen... More
Caseys General 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 Caseys General'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 Caseys General Stores upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0301 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.74 |
Caseys General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caseys General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caseys General's standard deviation. In reality, there are many statistical measures that can use Caseys General historical prices to predict the future Caseys General's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 0.0955 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0378 | |||
| Treynor Ratio | 0.2673 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caseys General's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Caseys General Stores Backtested Returns
Caseys General appears to be very steady, given 3 months investment horizon. Caseys General Stores secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Caseys General Stores, which you can use to evaluate the volatility of the firm. Please makes use of Caseys General's Mean Deviation of 1.29, downside deviation of 1.39, and Risk Adjusted Performance of 0.0763 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Caseys General holds a performance score of 9. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Caseys General's returns are expected to increase less than the market. However, during the bear market, the loss of holding Caseys General is expected to be smaller as well. Please check Caseys General's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Caseys General's price patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Caseys General Stores has good predictability. Overlapping area represents the amount of predictability between Caseys General time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Caseys General Stores price movement. The serial correlation of 0.77 indicates that around 77.0% of current Caseys General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1938.78 |
Caseys General Stores lagged returns against current returns
Autocorrelation, which is Caseys General 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 Caseys General's stock expected returns. We can calculate the autocorrelation of Caseys General returns to help us make a trade decision. For example, suppose you find that Caseys General 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 |
Caseys General 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 Caseys General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caseys General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caseys General stock over time.
Current vs Lagged Prices |
| Timeline |
Caseys General Lagged Returns
When evaluating Caseys General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caseys General stock have on its future price. Caseys General 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, Caseys General autocorrelation shows the relationship between Caseys General stock current value and its past values and can show if there is a momentum factor associated with investing in Caseys General Stores.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Caseys Stock Analysis
When running Caseys General's price analysis, check to measure Caseys General'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 Caseys General is operating at the current time. Most of Caseys General's value examination focuses on studying past and present price action to predict the probability of Caseys General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caseys General's price. Additionally, you may evaluate how the addition of Caseys General to your portfolios can decrease your overall portfolio volatility.