Carsmartt Stock Market Value
| CRSM Stock | USD 0 0.0004 23.53% |
| Symbol | Carsmartt |
Carsmartt '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 Carsmartt's pink sheet 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 Carsmartt.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Carsmartt on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Carsmartt or generate 0.0% return on investment in Carsmartt over 90 days. Carsmartt is related to or competes with CXApp, Trust Stamp, Freight Technologies, Infobird, HeartCore Enterprises, Marin Software, and AMTD Digital. Smartt, Inc., through its subsidiaries, engages in the technology, construction, real estate, and importexport businesse... More
Carsmartt 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 Carsmartt's pink sheet 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 Carsmartt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.37 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 60.18 | |||
| Value At Risk | (18.75) | |||
| Potential Upside | 20.0 |
Carsmartt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carsmartt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carsmartt's standard deviation. In reality, there are many statistical measures that can use Carsmartt historical prices to predict the future Carsmartt's volatility.| Risk Adjusted Performance | 0.0655 | |||
| Jensen Alpha | 0.614 | |||
| Total Risk Alpha | 2.03 | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | (1.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carsmartt'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.
Carsmartt Backtested Returns
Carsmartt appears to be out of control, given 3 months investment horizon. Carsmartt secures Sharpe Ratio (or Efficiency) of 0.0781, which signifies that the company had a 0.0781 % return per unit of risk over the last 3 months. By analyzing Carsmartt's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please makes use of Carsmartt's Mean Deviation of 6.58, risk adjusted performance of 0.0655, and Downside Deviation of 17.37 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carsmartt holds a performance score of 6. The firm shows a Beta (market volatility) of -0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Carsmartt are expected to decrease at a much lower rate. During the bear market, Carsmartt is likely to outperform the market. Please check Carsmartt's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Carsmartt's price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Carsmartt has weak predictability. Overlapping area represents the amount of predictability between Carsmartt time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Carsmartt price movement. The serial correlation of 0.24 indicates that over 24.0% of current Carsmartt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Carsmartt lagged returns against current returns
Autocorrelation, which is Carsmartt pink sheet'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 Carsmartt's pink sheet expected returns. We can calculate the autocorrelation of Carsmartt returns to help us make a trade decision. For example, suppose you find that Carsmartt has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Carsmartt 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 Carsmartt pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carsmartt pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carsmartt pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Carsmartt Lagged Returns
When evaluating Carsmartt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carsmartt pink sheet have on its future price. Carsmartt 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, Carsmartt autocorrelation shows the relationship between Carsmartt pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Carsmartt.
Regressed Prices |
| Timeline |
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Carsmartt financial ratios help investors to determine whether Carsmartt Pink Sheet 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 Carsmartt with respect to the benefits of owning Carsmartt security.