Carpartscom Stock Market Value
| PRTS Stock | USD 1.01 0.01 0.98% |
| Symbol | CarPartsCom |
CarPartsCom Price To Book Ratio
Is Automotive 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 CarPartsCom. If investors know CarPartsCom 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 CarPartsCom 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 (0.52) | Earnings Share (0.55) | Revenue Per Share 10.722 | Quarterly Revenue Growth (0.13) | Return On Assets (0.08) |
The market value of CarPartsCom is measured differently than its book value, which is the value of CarPartsCom that is recorded on the company's balance sheet. Investors also form their own opinion of CarPartsCom's value that differs from its market value or its book value, called intrinsic value, which is CarPartsCom'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 CarPartsCom's market value can be influenced by many factors that don't directly affect CarPartsCom'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 CarPartsCom's value and its price as these two are different measures arrived at by different means. Investors typically determine if CarPartsCom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CarPartsCom'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.
CarPartsCom '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 CarPartsCom'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 CarPartsCom.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in CarPartsCom on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding CarPartsCom or generate 0.0% return on investment in CarPartsCom over 30 days. CarPartsCom is related to or competes with Liquidity Services, Dada Nexus, 1StdibsCom, Qurate Retail, Qurate Retail, Hour Loop, and Solo Brands. CarParts.com, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accesso... More
CarPartsCom 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 CarPartsCom'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 CarPartsCom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0787 | |||
| Maximum Drawdown | 16.42 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 7.45 |
CarPartsCom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CarPartsCom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CarPartsCom's standard deviation. In reality, there are many statistical measures that can use CarPartsCom historical prices to predict the future CarPartsCom's volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.3707 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0894 | |||
| Treynor Ratio | 0.7485 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CarPartsCom'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.
CarPartsCom Backtested Returns
CarPartsCom appears to be extremely dangerous, given 3 months investment horizon. CarPartsCom secures Sharpe Ratio (or Efficiency) of 0.0952, which signifies that the company had a 0.0952% return per unit of risk over the last 3 months. We have found thirty technical indicators for CarPartsCom, which you can use to evaluate the volatility of the firm. Please makes use of CarPartsCom's Risk Adjusted Performance of 0.0882, downside deviation of 3.67, and Mean Deviation of 3.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CarPartsCom holds a performance score of 7. 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, CarPartsCom's returns are expected to increase less than the market. However, during the bear market, the loss of holding CarPartsCom is expected to be smaller as well. Please check CarPartsCom's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether CarPartsCom's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
CarPartsCom has good predictability. Overlapping area represents the amount of predictability between CarPartsCom time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 CarPartsCom price movement. The serial correlation of 0.71 indicates that around 71.0% of current CarPartsCom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CarPartsCom lagged returns against current returns
Autocorrelation, which is CarPartsCom 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 CarPartsCom's stock expected returns. We can calculate the autocorrelation of CarPartsCom returns to help us make a trade decision. For example, suppose you find that CarPartsCom 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 |
CarPartsCom 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 CarPartsCom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CarPartsCom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CarPartsCom stock over time.
Current vs Lagged Prices |
| Timeline |
CarPartsCom Lagged Returns
When evaluating CarPartsCom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CarPartsCom stock have on its future price. CarPartsCom 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, CarPartsCom autocorrelation shows the relationship between CarPartsCom stock current value and its past values and can show if there is a momentum factor associated with investing in CarPartsCom.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CarPartsCom Stock Analysis
When running CarPartsCom's price analysis, check to measure CarPartsCom'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 CarPartsCom is operating at the current time. Most of CarPartsCom's value examination focuses on studying past and present price action to predict the probability of CarPartsCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarPartsCom's price. Additionally, you may evaluate how the addition of CarPartsCom to your portfolios can decrease your overall portfolio volatility.