CarsalesCom (Germany) Market Value
| WN6 Stock | EUR 19.70 0.60 3.14% |
| Symbol | CarsalesCom |
CarsalesCom '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 CarsalesCom'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 CarsalesCom.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CarsalesCom on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CarsalesCom or generate 0.0% return on investment in CarsalesCom over 90 days. CarsalesCom is related to or competes with Infrastrutture Wireless, BW OFFSHORE, SOLSTAD OFFSHORE, Linedata Services, Cass Information, Alibaba Health, and DATANG INTL. carsales.com Ltd engages in online automotive, motorcycle, and marine classifieds business primarily in Australia More
CarsalesCom 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 CarsalesCom'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 CarsalesCom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.86 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.48 |
CarsalesCom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CarsalesCom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CarsalesCom's standard deviation. In reality, there are many statistical measures that can use CarsalesCom historical prices to predict the future CarsalesCom's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.54) |
CarsalesCom Backtested Returns
CarsalesCom secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11 % return per unit of risk over the last 3 months. CarsalesCom exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CarsalesCom's Standard Deviation of 1.76, mean deviation of 1.31, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CarsalesCom's returns are expected to increase less than the market. However, during the bear market, the loss of holding CarsalesCom is expected to be smaller as well. At this point, CarsalesCom has a negative expected return of -0.2%. Please make sure to confirm CarsalesCom's potential upside, kurtosis, rate of daily change, as well as the relationship between the skewness and daily balance of power , to decide if CarsalesCom performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
CarsalesCom has very good reverse predictability. Overlapping area represents the amount of predictability between CarsalesCom 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 CarsalesCom price movement. The serial correlation of -0.7 indicates that around 70.0% of current CarsalesCom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
CarsalesCom lagged returns against current returns
Autocorrelation, which is CarsalesCom 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 CarsalesCom's stock expected returns. We can calculate the autocorrelation of CarsalesCom returns to help us make a trade decision. For example, suppose you find that CarsalesCom 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 |
CarsalesCom 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 CarsalesCom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CarsalesCom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CarsalesCom stock over time.
Current vs Lagged Prices |
| Timeline |
CarsalesCom Lagged Returns
When evaluating CarsalesCom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CarsalesCom stock have on its future price. CarsalesCom 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, CarsalesCom autocorrelation shows the relationship between CarsalesCom stock current value and its past values and can show if there is a momentum factor associated with investing in CarsalesCom.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CarsalesCom Stock
CarsalesCom financial ratios help investors to determine whether CarsalesCom Stock 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 CarsalesCom with respect to the benefits of owning CarsalesCom security.