Carriage Services Stock Market Value
| CSV Stock | USD 41.55 0.18 0.43% |
| Symbol | Carriage |
Carriage Services Price To Book Ratio
Is Diversified Consumer Services 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 Carriage Services. If investors know Carriage 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 Carriage Services 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 1.1 | Dividend Share 0.45 | Earnings Share 2.23 | Revenue Per Share | Quarterly Revenue Growth 0.113 |
The market value of Carriage Services is measured differently than its book value, which is the value of Carriage that is recorded on the company's balance sheet. Investors also form their own opinion of Carriage Services' value that differs from its market value or its book value, called intrinsic value, which is Carriage Services' 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 Carriage Services' market value can be influenced by many factors that don't directly affect Carriage Services' 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 Carriage Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Carriage Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carriage Services' 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.
Carriage Services '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 Carriage Services' 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 Carriage Services.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Carriage Services on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Carriage Services or generate 0.0% return on investment in Carriage Services over 30 days. Carriage Services is related to or competes with Rollins, Bright Horizons, HR Block, Frontdoor, Mister Car, Smart Share, and Service International. Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States More
Carriage Services 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 Carriage Services' 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 Carriage Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.1424 | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 3.04 |
Carriage Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carriage Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carriage Services' standard deviation. In reality, there are many statistical measures that can use Carriage Services historical prices to predict the future Carriage Services' volatility.| Risk Adjusted Performance | 0.1624 | |||
| Jensen Alpha | 0.3636 | |||
| Total Risk Alpha | 0.1679 | |||
| Sortino Ratio | 0.2497 | |||
| Treynor Ratio | 0.8027 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carriage Services' 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.
Carriage Services Backtested Returns
At this stage we consider Carriage Stock to be very steady. Carriage Services 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 Carriage Services, which you can use to evaluate the volatility of the firm. Please confirm Carriage Services' Mean Deviation of 1.26, downside deviation of 1.28, and Risk Adjusted Performance of 0.1624 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Carriage Services has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Carriage Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Carriage Services is expected to be smaller as well. Carriage Services right now shows a risk of 1.42%. Please confirm Carriage Services value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Carriage Services will be following its price patterns.
Auto-correlation | 0.83 |
Very good predictability
Carriage Services has very good predictability. Overlapping area represents the amount of predictability between Carriage Services time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Carriage Services price movement. The serial correlation of 0.83 indicates that around 83.0% of current Carriage Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Carriage Services lagged returns against current returns
Autocorrelation, which is Carriage Services 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 Carriage Services' stock expected returns. We can calculate the autocorrelation of Carriage Services returns to help us make a trade decision. For example, suppose you find that Carriage Services 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 |
Carriage Services 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 Carriage Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carriage Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carriage Services stock over time.
Current vs Lagged Prices |
| Timeline |
Carriage Services Lagged Returns
When evaluating Carriage Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carriage Services stock have on its future price. Carriage Services 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, Carriage Services autocorrelation shows the relationship between Carriage Services stock current value and its past values and can show if there is a momentum factor associated with investing in Carriage Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Carriage Stock Analysis
When running Carriage Services' price analysis, check to measure Carriage Services' 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 Carriage Services is operating at the current time. Most of Carriage Services' value examination focuses on studying past and present price action to predict the probability of Carriage Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carriage Services' price. Additionally, you may evaluate how the addition of Carriage Services to your portfolios can decrease your overall portfolio volatility.