CarMax (Mexico) Market Value
| KMX Stock | MXN 1,686 53.00 3.05% |
| 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.
| 04/30/2024 |
| 12/26/2024 |
If you would invest 0.00 in CarMax on April 30, 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 240 days. CarMax is related to or competes with Bank of America, BHP, Grupo Profuturo, Boeing, Visa, and Farmacias Benavides. 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.
| Information Ratio | 0.1295 | |||
| Maximum Drawdown | 19.59 |
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 | 0.1258 | |||
| Jensen Alpha | 0.3266 | |||
| Total Risk Alpha | 0.2287 | |||
| Treynor Ratio | 148.47 |
CarMax Inc Backtested Returns
CarMax appears to be very steady, given 3 months investment horizon. CarMax Inc secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found nineteen technical indicators for CarMax Inc, which you can use to evaluate the volatility of the firm. Please makes use of CarMax's Standard Deviation of 2.25, risk adjusted performance of 0.1258, and Mean Deviation of 0.735 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CarMax holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0022, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CarMax's returns are expected to increase less than the market. However, during the bear market, the loss of holding CarMax is expected to be smaller as well. Please check CarMax's kurtosis, as well as the relationship between the day median price and period momentum indicator , to make a quick decision on whether CarMax's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
CarMax Inc has good predictability. Overlapping area represents the amount of predictability between CarMax time series from 30th of April 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 0.72 indicates that around 72.0% of current CarMax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 14.7 K |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for CarMax Stock Analysis
When running CarMax's price analysis, check to measure CarMax'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 CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.