Americas Car Mart Stock Market Value
| CRMT Stock | USD 58.24 2.08 3.70% |
| Symbol | Americas |
Americas Car Mart Price To Book Ratio
Is Americas Car's industry 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 Americas Car. If investors know Americas 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 Americas Car 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 (0.70) | Earnings Share (4.67) | Revenue Per Share 221.88 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0098 |
The market value of Americas Car Mart is measured differently than its book value, which is the value of Americas that is recorded on the company's balance sheet. Investors also form their own opinion of Americas Car's value that differs from its market value or its book value, called intrinsic value, which is Americas Car's 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 Americas Car's market value can be influenced by many factors that don't directly affect Americas Car's 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 Americas Car's value and its price as these two are different measures arrived at by different means. Investors typically determine if Americas Car is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Americas Car'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.
Americas Car '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 Americas Car'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 Americas Car.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Americas Car on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Americas Car Mart or generate 0.0% return on investment in Americas Car over 720 days. Americas Car is related to or competes with Sonic Automotive, Lithia Motors, AutoNation, Asbury Automotive, Penske Automotive, and Group 1. Americas Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States More
Americas Car 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 Americas Car'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 Americas Car Mart upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 5.04 |
Americas Car Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americas Car's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americas Car's standard deviation. In reality, there are many statistical measures that can use Americas Car historical prices to predict the future Americas Car's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Americas Car's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Americas Car Mart Backtested Returns
Americas Car Mart secures Sharpe Ratio (or Efficiency) of -0.0361, which signifies that the company had a -0.0361% return per unit of standard deviation over the last 3 months. Americas Car Mart exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Americas Car's mean deviation of 2.53, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.63, 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, Americas Car will likely underperform. Americas Car Mart has an expected return of -0.12%. Please make sure to confirm Americas Car Mart jensen alpha, as well as the relationship between the skewness and day median price , to decide if Americas Car Mart performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Americas Car Mart has average predictability. Overlapping area represents the amount of predictability between Americas Car time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th of April 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 Americas Car Mart price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Americas Car price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 314.74 |
Americas Car Mart lagged returns against current returns
Autocorrelation, which is Americas Car 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 Americas Car's stock expected returns. We can calculate the autocorrelation of Americas Car returns to help us make a trade decision. For example, suppose you find that Americas Car 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 |
Americas Car 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 Americas Car stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americas Car stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americas Car stock over time.
Current vs Lagged Prices |
| Timeline |
Americas Car Lagged Returns
When evaluating Americas Car's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americas Car stock have on its future price. Americas Car 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, Americas Car autocorrelation shows the relationship between Americas Car stock current value and its past values and can show if there is a momentum factor associated with investing in Americas Car Mart.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Americas Car in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Americas Car's short interest history, or implied volatility extrapolated from Americas Car options trading.
Pair Trading with Americas Car
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Americas Car position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Americas Car will appreciate offsetting losses from the drop in the long position's value.Moving together with Americas Stock
| 0.65 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
The ability to find closely correlated positions to Americas Car could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americas Car when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Americas Car - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Americas Car Mart to buy it.
The correlation of Americas Car is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Americas Car moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americas Car Mart moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Americas Car can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Americas Car Correlation, Americas Car Volatility and Americas Car Alpha and Beta module to complement your research on Americas Car. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Americas Stock analysis
When running Americas Car's price analysis, check to measure Americas Car'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 Americas Car is operating at the current time. Most of Americas Car's value examination focuses on studying past and present price action to predict the probability of Americas Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Americas Car's price. Additionally, you may evaluate how the addition of Americas Car to your portfolios can decrease your overall portfolio volatility.
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Americas Car 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.