CarGurus (Germany) Statistic Functions Beta
| 0C6 Stock | EUR 33.80 0.20 0.59% |
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The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on CarGurus correlated with the market. If Beta is less than 0 CarGurus generally moves in the opposite direction as compared to the market. If CarGurus Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CarGurus is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CarGurus is generally in the same direction as the market. If Beta > 1 CarGurus moves generally in the same direction as, but more than the movement of the benchmark.
CarGurus Technical Analysis Modules
Most technical analysis of CarGurus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CarGurus from various momentum indicators to cycle indicators. When you analyze CarGurus charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About CarGurus Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CarGurus. We use our internally-developed statistical techniques to arrive at the intrinsic value of CarGurus based on widely used predictive technical indicators. In general, we focus on analyzing CarGurus Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CarGurus's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of CarGurus's intrinsic value. In addition to deriving basic predictive indicators for CarGurus, we also check how macroeconomic factors affect CarGurus price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Additional Information and Resources on Investing in CarGurus Stock
When determining whether CarGurus is a strong investment it is important to analyze CarGurus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CarGurus' future performance. For an informed investment choice regarding CarGurus Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CarGurus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in CarGurus Stock please use our How to Invest in CarGurus guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.