Getaround (Getaround) Predictability Rank

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What is Getaround Predictability Rank?

Not Rated

Warren Buffett said many times that the companies he likes are:

1. Simple businesses that he understands
2. that have predictable and proven earnings and
3. with economic moat
4. those can be bought at a reasonable price.

It is hard to quantify "simple businesses that he (Buffett) understands", so we will focus on the other three characteristics instead. In GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank, we will show that the businesses that have predictable and proven earnings are usually also simple businesses that an average person could understand.

GuruFocus conducted a back test study of Warren Buffett's strategy of "buying good companies at fair prices" for the years from 1998-2008.

Getaround Predictability Rank Calculation

In our database there are 2403 stocks that have been traded from Jan. 2, 1998 to Aug. 31, 2008. We have the complete 10-year financial data and trading prices of these companies for this period. We rank the predictability of these companies based on the consistency of their revenue per share and EBITDA (earning before interest, tax, depreciation and amortization) per share over the past ten fiscal years, and study the correlation between the stock performances and the predictability of the business.

Our study may be subject to these biases and assumptions:

Dividend yields are not counted for investment returns
Effects of price changes due to spin-offs may not be fully adjusted
Study is subjected to survivorship bias due to de-listing, bankruptcy, LBO, M&A, etc.

The correlation between business predictability and investment returns of a company is showed below.

Correlation Between Business Predictability and Investment Returns

	Predictables	Non-Predictable	All stocks
Total Number of stocks	570	1833	2403
Total Lost Money	61	830	891
Total Lost More Than 50%	18	412	430
Total Lost More Than 90%	4	86	90
Average Gain	260.6%	100.0%	138.1%
Median Gain	150.0%	13.0%	39.0%
Maximum Gain	2852.0%	11483.0%	11483.0%
Maximum Loss	-100.0%	-100.0%	-100.0%
Annualized Average Gain	12.7%	6.7%	8.4%
Annualized Median Gain	8.9%	1.1%	3.1%

For the 570 predictable companies, we have seen strong correlation between the predictability of businesses and the stock performances over the past 10 years, regardless of the valuation of business at 1998. Accordingly, we have ranked the business predictability from 5-star to 1-star, as shown in this table.

Predictability Rank	5-Star	4.5-Star	4-Star	3.5-Star	3-Star	2.5-Star	2-Star	1-Star (non-predictable)	Average among all
% Out of All 2403 Stocks	3.3%	2.9%	3.7%	3.3%	3.3%	3.7%	3.3%	76.3%	100%
% that are in Loss (10y)	3%	10%	8%	9%	11%	18%	16%	45%	37%
Average Gain (10y)	364.6%	330.9%	278.0%	235.1%	243.5%	227.8%	154.8%	100.0%	138.1%
Median Gain (10y)	238.5%	193.5%	171.0%	159.0%	132.5%	113.5%	87.0%	13.0%	39.0%
Maximum Gainer	2228.0%	2547.0%	2452.0%	2852.0%	2432.0%	1892.0%	1807.0%	11483.0%	11483.0%
Maximum Loser	-82.0%	-53.0%	-67.0%	-100.0%	-83.0%	-100.0%	-78.0%	-100.0%	-100.0%
Annualized Average Gain	15.4%	14.6%	13.2%	12.0%	12.2%	11.7%	9.1%	6.7%	8.4%
Annualized Median Gain	12.1%	10.6%	9.8%	9.3%	8.2%	7.3%	6.0%	1.1%	3.1%

For detailed information about each predictability rank, please go to GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank

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Getaround (Getaround) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Getaround Inc (NYSE:GETR) » Definitions » Predictability Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Green Street, San Francisco, CA, USA, 94111

Website

https://www.getaround.com

Getaround Inc operates as a developer of a carsharing platform designed to instantly access and drive cars shared by people. The company's platform provides users with simple on-demand car rentals. Getaround's on-demand technology enables a contactless experience no waiting in line at a car rental facility, manually completing paperwork, or meeting anyone to collect or drop off car keys.

Executives

Kasra Sy Fahimi	officer: Chief Operating Officer	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Thomas W. Alderman	officer: Chief Financial Officer	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Samir M. Zaid	director, officer: CEO & Chairman of the Board	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Neil S Suslak	director	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Spencer D. Jackson	officer: General Counsel & Secretary	C/O OOMA, INC., 1880 EMBARCADERO ROAD, PALO ALTO CA 94303
Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.p.	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity 2020 Dislocation Fund, L.p.	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Sif Master Fund, L.p.	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Opportunity Co-investment Fund, Lp	10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Jeffrey Russakow	director	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Bruno Bowden	director	C/O GETAROUND, INC., 55 GREEN STREET, SAN FRANCISCO CA 94111
Svf Fetch (cayman) Ltd	10 percent owner	C/O WALKERS CORP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Svf Sync Holdings (cayman) Ltd	10 percent owner	C/O WALKERS CORP LTD., 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Mudrick Stressed Credit Master Fund, L.p.	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022