Carasso (Israel) Market Value
| CRSO Stock | ILS 2,575 48.00 1.90% |
| Symbol | Carasso |
Carasso '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 Carasso'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 Carasso.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Carasso on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Carasso or generate 0.0% return on investment in Carasso over 360 days. Carasso is related to or competes with Feat Fund, Israel China, Azorim Investment, Bio Meat, Amot Investments, Skyline Investments, and Willy Food. Carasso Motors Ltd. engages in the import and sale of automobiles in Israel More
Carasso 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 Carasso'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 Carasso upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.2338 | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.62 |
Carasso Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carasso's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carasso's standard deviation. In reality, there are many statistical measures that can use Carasso historical prices to predict the future Carasso's volatility.| Risk Adjusted Performance | 0.2229 | |||
| Jensen Alpha | 0.5056 | |||
| Total Risk Alpha | 0.2559 | |||
| Sortino Ratio | 0.2504 | |||
| Treynor Ratio | 1.33 |
Carasso Backtested Returns
Carasso appears to be very steady, given 3 months investment horizon. Carasso secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the company had a 0.32% return per unit of risk over the last 3 months. By analyzing Carasso's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Carasso's Downside Deviation of 1.75, risk adjusted performance of 0.2229, and Mean Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carasso holds a performance score of 25. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Carasso's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carasso is expected to be smaller as well. Please check Carasso's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Carasso's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Carasso has good predictability. Overlapping area represents the amount of predictability between Carasso time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Carasso price movement. The serial correlation of 0.67 indicates that around 67.0% of current Carasso price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 44.3 K |
Carasso lagged returns against current returns
Autocorrelation, which is Carasso 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 Carasso's stock expected returns. We can calculate the autocorrelation of Carasso returns to help us make a trade decision. For example, suppose you find that Carasso 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 |
Carasso 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 Carasso stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carasso stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carasso stock over time.
Current vs Lagged Prices |
| Timeline |
Carasso Lagged Returns
When evaluating Carasso's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carasso stock have on its future price. Carasso 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, Carasso autocorrelation shows the relationship between Carasso stock current value and its past values and can show if there is a momentum factor associated with investing in Carasso.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Carasso Stock
Carasso financial ratios help investors to determine whether Carasso 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 Carasso with respect to the benefits of owning Carasso security.