CarMax (Germany) Market Value

XA4 Stock  EUR 80.46  3.22  4.17%   
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 trading at 80.46 as of the 23rd of December 2024. This is a 4.17 percent increase since the beginning of the trading day. The stock's lowest day price was 80.46.
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
04/27/2024
No Change 0.00  0.0 
In 7 months and 28 days
12/23/2024
0.00
If you would invest  0.00  in CarMax on April 27, 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 240 days. CarMax is related to or competes with Copart, Zhongsheng Group, DIeteren Group, Penske Automotive, Lithia Motors, and AutoNation. CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States 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
78.6380.4682.29
Details
Intrinsic
Valuation
LowRealHigh
72.4186.9488.77
Details

CarMax Inc Backtested Returns

CarMax appears to be very steady, given 3 months investment horizon. CarMax Inc secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CarMax Inc, which you can use to evaluate the volatility of the firm. Please makes use of CarMax's Downside Deviation of 1.64, risk adjusted performance of 0.1154, and Mean Deviation of 1.39 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CarMax holds a performance score of 11. The firm shows a Beta (market volatility) of 1.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CarMax will likely underperform. Please check CarMax's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether CarMax's price patterns will revert.

Auto-correlation

    
  0.47  

Average predictability

CarMax Inc has average predictability. Overlapping area represents the amount of predictability between CarMax time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 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 CarMax Inc price movement. The serial correlation of 0.47 indicates that about 47.0% of current CarMax price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test0.32
Residual Average0.0
Price Variance28.55

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 Information and Resources on Investing in CarMax Stock

When determining whether CarMax Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CarMax's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carmax Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carmax Inc Stock:
Check out CarMax Correlation, CarMax Volatility and CarMax Alpha and Beta module to complement your research on CarMax.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
CarMax technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of CarMax technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CarMax trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...