Caseys General (Germany) Market Value
| CS2 Stock | 396.00 2.00 0.51% |
| Symbol | Caseys |
Caseys General '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 Caseys General'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 Caseys General.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Caseys General on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Caseys General Stores or generate 0.0% return on investment in Caseys General over 720 days. Caseys General is related to or competes with APPLIED MATERIALS, Rayonier Advanced, GOODYEAR T, TITANIUM TRANSPORTGROUP, Global Ship, NEWELL RUBBERMAID, and WILLIS LEASE. More
Caseys General 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 Caseys General'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 Caseys General Stores upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0948 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.49 |
Caseys General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caseys General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caseys General's standard deviation. In reality, there are many statistical measures that can use Caseys General historical prices to predict the future Caseys General's volatility.| Risk Adjusted Performance | 0.1316 | |||
| Jensen Alpha | 0.3105 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.102 | |||
| Treynor Ratio | 7.66 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caseys General'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.
Caseys General Stores Backtested Returns
Caseys General appears to be very steady, given 3 months investment horizon. Caseys General Stores secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Caseys General Stores, which you can use to evaluate the volatility of the firm. Please makes use of Caseys General's Risk Adjusted Performance of 0.1316, mean deviation of 1.42, and Downside Deviation of 1.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Caseys General holds a performance score of 13. The firm shows a Beta (market volatility) of 0.0412, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Caseys General's returns are expected to increase less than the market. However, during the bear market, the loss of holding Caseys General is expected to be smaller as well. Please check Caseys General's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Caseys General's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Caseys General Stores has good predictability. Overlapping area represents the amount of predictability between Caseys General time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Caseys General Stores price movement. The serial correlation of 0.71 indicates that around 71.0% of current Caseys General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1763.81 |
Caseys General Stores lagged returns against current returns
Autocorrelation, which is Caseys General 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 Caseys General's stock expected returns. We can calculate the autocorrelation of Caseys General returns to help us make a trade decision. For example, suppose you find that Caseys General 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 |
Caseys General 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 Caseys General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caseys General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caseys General stock over time.
Current vs Lagged Prices |
| Timeline |
Caseys General Lagged Returns
When evaluating Caseys General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caseys General stock have on its future price. Caseys General 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, Caseys General autocorrelation shows the relationship between Caseys General stock current value and its past values and can show if there is a momentum factor associated with investing in Caseys General Stores.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Caseys Stock Analysis
When running Caseys General's price analysis, check to measure Caseys General's 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 Caseys General is operating at the current time. Most of Caseys General's value examination focuses on studying past and present price action to predict the probability of Caseys General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caseys General's price. Additionally, you may evaluate how the addition of Caseys General to your portfolios can decrease your overall portfolio volatility.