Carefree Group Stock Market Value
| CRFU Stock | USD 0.01 0.00 0.00% |
| Symbol | Carefree |
Carefree '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 Carefree's pink sheet 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 Carefree.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Carefree on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Carefree Group or generate 0.0% return on investment in Carefree over 720 days. Carefree is related to or competes with Embrace Change. Carefree Group, Inc. owns assets in travel, aviation, automotive, yachting, entertainment, and real estate industries More
Carefree 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 Carefree's pink sheet 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 Carefree Group upside and downside potential and time the market with a certain degree of confidence.
Carefree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carefree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carefree's standard deviation. In reality, there are many statistical measures that can use Carefree historical prices to predict the future Carefree's volatility.Carefree Group Backtested Returns
We have found three technical indicators for Carefree Group, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Carefree are completely uncorrelated.
Auto-correlation | -0.61 |
Very good reverse predictability
Carefree Group has very good reverse predictability. Overlapping area represents the amount of predictability between Carefree time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Carefree Group price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Carefree price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Carefree Group lagged returns against current returns
Autocorrelation, which is Carefree pink sheet'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 Carefree's pink sheet expected returns. We can calculate the autocorrelation of Carefree returns to help us make a trade decision. For example, suppose you find that Carefree has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Carefree 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 Carefree pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carefree pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carefree pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Carefree Lagged Returns
When evaluating Carefree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carefree pink sheet have on its future price. Carefree 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, Carefree autocorrelation shows the relationship between Carefree pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Carefree Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Carefree Pink Sheet Analysis
When running Carefree's price analysis, check to measure Carefree'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 Carefree is operating at the current time. Most of Carefree's value examination focuses on studying past and present price action to predict the probability of Carefree's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carefree's price. Additionally, you may evaluate how the addition of Carefree to your portfolios can decrease your overall portfolio volatility.