Cars Inc Stock Market Value
| CARS Stock | USD 18.78 0.56 2.90% |
| Symbol | Cars |
Cars Inc Price To Book Ratio
Is Interactive Media & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cars. If investors know Cars will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cars listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.163 | Earnings Share 0.59 | Revenue Per Share 10.824 | Quarterly Revenue Growth 0.031 | Return On Assets 0.0282 |
The market value of Cars Inc is measured differently than its book value, which is the value of Cars that is recorded on the company's balance sheet. Investors also form their own opinion of Cars' value that differs from its market value or its book value, called intrinsic value, which is Cars' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cars' market value can be influenced by many factors that don't directly affect Cars' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cars' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cars is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cars' 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.
Cars '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 Cars' 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 Cars.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Cars on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Cars Inc or generate 0.0% return on investment in Cars over 30 days. Cars is related to or competes with Group 1, KAR Auction, CarMax, ACV Auctions, Rush Enterprises, Kingsway Financial, and Sonic Automotive. Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry More
Cars 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 Cars' 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 Cars Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0351 | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.66 |
Cars Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cars' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cars' standard deviation. In reality, there are many statistical measures that can use Cars historical prices to predict the future Cars' volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | 0.1527 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0382 | |||
| Treynor Ratio | 1.01 |
Cars Inc Backtested Returns
Currently, Cars Inc is very steady. Cars Inc secures Sharpe Ratio (or Efficiency) of 0.0511, which signifies that the company had a 0.0511% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cars Inc, which you can use to evaluate the volatility of the firm. Please confirm Cars' Downside Deviation of 2.03, risk adjusted performance of 0.065, and Mean Deviation of 1.61 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Cars has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cars' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cars is expected to be smaller as well. Cars Inc right now shows a risk of 2.21%. Please confirm Cars Inc expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Cars Inc will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Cars Inc has good reverse predictability. Overlapping area represents the amount of predictability between Cars time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Cars Inc price movement. The serial correlation of -0.55 indicates that about 55.0% of current Cars price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Cars Inc lagged returns against current returns
Autocorrelation, which is Cars 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 Cars' stock expected returns. We can calculate the autocorrelation of Cars returns to help us make a trade decision. For example, suppose you find that Cars 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 |
Cars 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 Cars stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cars stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cars stock over time.
Current vs Lagged Prices |
| Timeline |
Cars Lagged Returns
When evaluating Cars' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cars stock have on its future price. Cars 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, Cars autocorrelation shows the relationship between Cars stock current value and its past values and can show if there is a momentum factor associated with investing in Cars Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cars Stock Analysis
When running Cars' price analysis, check to measure Cars' 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 Cars is operating at the current time. Most of Cars' value examination focuses on studying past and present price action to predict the probability of Cars' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cars' price. Additionally, you may evaluate how the addition of Cars to your portfolios can decrease your overall portfolio volatility.