Carsales (Germany) Market Value
| WN6 Stock | 25.40 0.20 0.79% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Carsales on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Carsales or generate 0.0% return on investment in Carsales over 30 days. Carsales is related to or competes with BioNTech, BOSTON BEER, Thai Beverage, Fevertree Drinks, Molson Coors, RCM TECHNOLOGIES, and Suntory Beverage. 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 Carsales upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.0662 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.68 |
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 | 0.1245 | |||
| Jensen Alpha | 0.202 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0591 | |||
| Treynor Ratio | 1.75 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carsales' 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.
Carsales Backtested Returns
Carsales appears to be very steady, given 3 months investment horizon. Carsales secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Carsales, which you can use to evaluate the volatility of the firm. Please makes use of Carsales' Risk Adjusted Performance of 0.1245, downside deviation of 1.63, and Mean Deviation of 1.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carsales holds a performance score of 12. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Carsales' returns are expected to increase less than the market. However, during the bear market, the loss of holding Carsales is expected to be smaller as well. Please check Carsales' value at risk, kurtosis, period momentum indicator, as well as the relationship between the semi variance and day median price , to make a quick decision on whether Carsales' price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Carsales has good predictability. Overlapping area represents the amount of predictability between Carsales time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Carsales price movement. The serial correlation of 0.69 indicates that around 69.0% of current Carsales price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Carsales 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 Carsales.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Carsales Stock Analysis
When running Carsales' price analysis, check to measure Carsales' 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 Carsales is operating at the current time. Most of Carsales' value examination focuses on studying past and present price action to predict the probability of Carsales' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carsales' price. Additionally, you may evaluate how the addition of Carsales to your portfolios can decrease your overall portfolio volatility.