CarMax Stock Forecast - Relative Strength Index
KMX Stock | USD 70.26 0.61 0.88% |
CarMax Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast CarMax stock prices and determine the direction of CarMax Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of CarMax's historical fundamentals, such as revenue growth or operating cash flow patterns. Although CarMax's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CarMax's systematic risk associated with finding meaningful patterns of CarMax fundamentals over time.
Check out Historical Fundamental Analysis of CarMax to cross-verify your projections. CarMax |
Open Interest Against 2024-06-21 CarMax Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast CarMax's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in CarMax's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for CarMax stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current CarMax's open interest, investors have to compare it to CarMax's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of CarMax is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in CarMax. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in CarMax cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the CarMax's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets CarMax's price structures and extracts relationships that further increase the generated results' accuracy.
Check CarMax Volatility | Backtest CarMax | Information Ratio |
CarMax Trading Date Momentum
On June 03 2024 CarMax Inc was traded for 70.26 at the closing time. Highest CarMax's price during the trading hours was 70.84 and the lowest price during the day was 69.30 . There was no trading activity during the period 0.0. Lack of trading volume on the 3rd of June did not affect price variability. The overall trading delta to current price is 0.28% . |
Compare CarMax to competition |
Other Forecasting Options for CarMax
For every potential investor in CarMax, whether a beginner or expert, CarMax's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CarMax Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CarMax. Basic forecasting techniques help filter out the noise by identifying CarMax's price trends.CarMax Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CarMax stock to make a market-neutral strategy. Peer analysis of CarMax could also be used in its relative valuation, which is a method of valuing CarMax by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
CarMax Inc Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of CarMax's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of CarMax's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
CarMax Market Strength Events
Market strength indicators help investors to evaluate how CarMax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CarMax shares will generate the highest return on investment. By undertsting and applying CarMax stock market strength indicators, traders can identify CarMax Inc entry and exit signals to maximize returns.
CarMax Risk Indicators
The analysis of CarMax's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in CarMax's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting carmax stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 1.5 | |||
Standard Deviation | 2.09 | |||
Variance | 4.38 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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.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 Historical Fundamental Analysis of CarMax to cross-verify your projections. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for CarMax Stock analysis
When running CarMax's price analysis, check to measure CarMax'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 CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Stocks Directory Find actively traded stocks across global markets |
Is CarMax'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 CarMax. If investors know CarMax 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 CarMax 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 (0.25) | Earnings Share 3.02 | Revenue Per Share 178.322 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0177 |
The market value of CarMax Inc is measured differently than its book value, which is the value of CarMax that is recorded on the company's balance sheet. Investors also form their own opinion of CarMax's value that differs from its market value or its book value, called intrinsic value, which is CarMax'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 CarMax's market value can be influenced by many factors that don't directly affect CarMax'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 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.