Carsales (Germany) Market Value
| WN6 Stock | EUR 19.20 0.30 1.54% |
| Symbol | Carsales |
Carsales '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 Carsales' 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 Carsales.
| 02/22/2025 |
| 03/24/2025 |
If you would invest 0.00 in Carsales on February 22, 2025 and sell it all today you would earn a total of 0.00 from holding CarsalesCom or generate 0.0% return on investment in Carsales over 30 days. Carsales is related to or competes with ORMAT TECHNOLOGIES, FORTRESS BIOTECHPRFA, EVS Broadcast, Yuexiu Transport, FARO Technologies, and Addtech AB. carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia More
Carsales 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 Carsales' 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 CarsalesCom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.86 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.47 |
Carsales Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carsales' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carsales' standard deviation. In reality, there are many statistical measures that can use Carsales historical prices to predict the future Carsales' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 1.55 |
CarsalesCom Backtested Returns
CarsalesCom secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11 % return per unit of risk over the last 3 months. CarsalesCom exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carsales' Risk Adjusted Performance of (0.11), standard deviation of 1.74, and Mean Deviation of 1.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Carsales are expected to decrease at a much lower rate. During the bear market, Carsales is likely to outperform the market. At this point, CarsalesCom has a negative expected return of -0.21%. Please make sure to confirm Carsales' potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if CarsalesCom performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
CarsalesCom has good predictability. Overlapping area represents the amount of predictability between Carsales time series from 22nd of February 2025 to 9th of March 2025 and 9th of March 2025 to 24th of March 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 CarsalesCom price movement. The serial correlation of 0.66 indicates that around 66.0% of current Carsales price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
CarsalesCom lagged returns against current returns
Autocorrelation, which is Carsales 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 Carsales' stock expected returns. We can calculate the autocorrelation of Carsales returns to help us make a trade decision. For example, suppose you find that Carsales 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 |
Carsales 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 Carsales stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carsales stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carsales stock over time.
Current vs Lagged Prices |
| Timeline |
Carsales Lagged Returns
When evaluating Carsales' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carsales stock have on its future price. Carsales 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, Carsales autocorrelation shows the relationship between Carsales stock current value and its past values and can show if there is a momentum factor associated with investing in CarsalesCom.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Carsales Stock
Carsales financial ratios help investors to determine whether Carsales Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Carsales with respect to the benefits of owning Carsales security.