CarMax (Germany) Market Value
| XA4 Stock | EUR 80.88 1.22 1.53% |
| Symbol | CarMax |
CarMax '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 CarMax'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 CarMax.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in CarMax on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding CarMax Inc or generate 0.0% return on investment in CarMax over 210 days. CarMax is related to or competes with COSTCO WHOLESALE, Ross Stores, SPARTAN STORES, GUARDANT HEALTH, and QURATE RETAIL. CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States More
CarMax 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 CarMax'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 CarMax Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.16 |
CarMax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CarMax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CarMax's standard deviation. In reality, there are many statistical measures that can use CarMax historical prices to predict the future CarMax's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0786 |
CarMax Inc Backtested Returns
At this point, CarMax is very steady. CarMax Inc secures Sharpe Ratio (or Efficiency) of 0.0621, which signifies that the company had a 0.0621% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CarMax Inc, which you can use to evaluate the volatility of the firm. Please confirm CarMax's Risk Adjusted Performance of 0.0473, mean deviation of 1.38, and Downside Deviation of 1.69 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. CarMax has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.15, which signifies a somewhat significant risk relative to the market. CarMax returns are very sensitive to returns on the market. As the market goes up or down, CarMax is expected to follow. CarMax Inc right now shows a risk of 1.86%. Please confirm CarMax Inc treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if CarMax Inc will be following its price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
CarMax Inc has virtually no predictability. Overlapping area represents the amount of predictability between CarMax time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 CarMax Inc price movement. The serial correlation of 0.03 indicates that only 3.0% of current CarMax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 17.58 |
CarMax Inc lagged returns against current returns
Autocorrelation, which is CarMax 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 CarMax's stock expected returns. We can calculate the autocorrelation of CarMax returns to help us make a trade decision. For example, suppose you find that CarMax 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 |
CarMax 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 CarMax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CarMax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CarMax stock over time.
Current vs Lagged Prices |
| Timeline |
CarMax Lagged Returns
When evaluating CarMax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CarMax stock have on its future price. CarMax 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, CarMax autocorrelation shows the relationship between CarMax stock current value and its past values and can show if there is a momentum factor associated with investing in CarMax Inc.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in CarMax Stock
When determining whether CarMax Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CarMax'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 Carmax Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carmax Inc Stock:Check out CarMax Correlation, CarMax Volatility and CarMax Alpha and Beta module to complement your research on CarMax. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
CarMax 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.