Karooooo Stock Market Value
| KARO Stock | USD 45.32 1.32 2.83% |
| Symbol | Karooooo |
Karooooo Price To Book Ratio
Is Application Software 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 Karooooo. If investors know Karooooo 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 Karooooo 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 0.22 | Earnings Share 1.53 | Revenue Per Share | Quarterly Revenue Growth 0.064 | Return On Assets |
The market value of Karooooo is measured differently than its book value, which is the value of Karooooo that is recorded on the company's balance sheet. Investors also form their own opinion of Karooooo's value that differs from its market value or its book value, called intrinsic value, which is Karooooo'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 Karooooo's market value can be influenced by many factors that don't directly affect Karooooo'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 Karooooo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Karooooo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Karooooo'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.
Karooooo '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 Karooooo'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 Karooooo.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in Karooooo on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding Karooooo or generate 0.0% return on investment in Karooooo over 30 days. Karooooo is related to or competes with Meridianlink, CoreCard Corp, Enfusion, Alkami Technology, EGain, Research Solutions, and Clearwater Analytics. Karooooo Ltd. provides mobility software-as-a-service platform for connected vehicles in South Africa, rest of Africa, E... More
Karooooo 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 Karooooo'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 Karooooo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 22.02 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 7.01 |
Karooooo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Karooooo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Karooooo's standard deviation. In reality, there are many statistical measures that can use Karooooo historical prices to predict the future Karooooo's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 0.1826 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0462 | |||
| Treynor Ratio | 0.3129 |
Karooooo Backtested Returns
Karooooo appears to be not too volatile, given 3 months investment horizon. Karooooo has Sharpe Ratio of 0.0633, which conveys that the firm had a 0.0633 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Karooooo, which you can use to evaluate the volatility of the firm. Please exercise Karooooo's Mean Deviation of 2.8, downside deviation of 3.6, and Risk Adjusted Performance of 0.0641 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Karooooo holds a performance score of 4. The company secures a Beta (Market Risk) of 0.81, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Karooooo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Karooooo is expected to be smaller as well. Please check Karooooo's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Karooooo's current price movements will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Karooooo has good reverse predictability. Overlapping area represents the amount of predictability between Karooooo time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th of February 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 Karooooo price movement. The serial correlation of -0.51 indicates that about 51.0% of current Karooooo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Karooooo lagged returns against current returns
Autocorrelation, which is Karooooo 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 Karooooo's stock expected returns. We can calculate the autocorrelation of Karooooo returns to help us make a trade decision. For example, suppose you find that Karooooo 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 |
Karooooo 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 Karooooo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Karooooo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Karooooo stock over time.
Current vs Lagged Prices |
| Timeline |
Karooooo Lagged Returns
When evaluating Karooooo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Karooooo stock have on its future price. Karooooo 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, Karooooo autocorrelation shows the relationship between Karooooo stock current value and its past values and can show if there is a momentum factor associated with investing in Karooooo.
Regressed Prices |
| Timeline |
When determining whether Karooooo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Karooooo'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 Karooooo Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Karooooo Stock:
Check out Karooooo Correlation, Karooooo Volatility and Karooooo Alpha and Beta module to complement your research on Karooooo. To learn how to invest in Karooooo Stock, please use our How to Invest in Karooooo guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Karooooo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.