CarMax (UK) Market Value

0HTQ Stock   85.00  1.48  1.77%   
CarMax's market value is the price at which a share of CarMax trades on a public exchange. It measures the collective expectations of CarMax Inc investors about its performance. CarMax is selling for under 85.00 as of the 25th of December 2024; that is 1.77% up since the beginning of the trading day. The stock's lowest day price was 83.5.
With this module, you can estimate the performance of a buy and hold strategy of CarMax Inc and determine expected loss or profit from investing in CarMax over a given investment horizon. Check out CarMax Correlation, CarMax Volatility and CarMax Alpha and Beta module to complement your research on CarMax.
Symbol

Please note, there is a significant difference between CarMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if CarMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CarMax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in CarMax on November 25, 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 30 days. CarMax is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, SURETRACK MON, Ikigai Ventures, and Heavitree Brewery. CarMax is entity of United Kingdom. It is traded as Stock on LSE exchange. 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.

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.
Hype
Prediction
LowEstimatedHigh
80.9582.9084.85
Details
Intrinsic
Valuation
LowRealHigh
66.3468.2991.87
Details

CarMax Inc Backtested Returns

Currently, CarMax Inc is very steady. CarMax Inc secures Sharpe Ratio (or Efficiency) of 0.077, which signifies that the company had a 0.077% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CarMax Inc, which you can use to evaluate the volatility of the firm. Please confirm CarMax's Mean Deviation of 1.36, risk adjusted performance of 0.0702, and Downside Deviation of 1.62 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. CarMax has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. CarMax returns are very sensitive to returns on the market. As the market goes up or down, CarMax is expected to follow. CarMax Inc right now shows a risk of 1.91%. Please confirm CarMax Inc jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if CarMax Inc will be following its price patterns.

Auto-correlation

    
  0.13  

Insignificant predictability

CarMax Inc has insignificant predictability. Overlapping area represents the amount of predictability between CarMax time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 0.13 indicates that less than 13.0% of current CarMax price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test-0.03
Residual Average0.0
Price Variance1.99

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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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.