Grupo Mxico (Germany) Market Value
| 4GE Stock | EUR 4.69 0.06 1.30% |
| Symbol | Grupo |
Grupo Mxico '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 Grupo Mxico'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 Grupo Mxico.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Grupo Mxico on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Mxico SAB or generate 0.0% return on investment in Grupo Mxico over 30 days. Grupo Mxico is related to or competes with BHP Group, BHP Group, Rio Tinto, Rio Tinto, Vale SA, Vale SA, and Glencore Plc. Grupo Mxico, S.A.B. de C.V. engages in copper production, rail transportation, and infrastructure businesses worldwide More
Grupo Mxico 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 Grupo Mxico'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 Grupo Mxico SAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 39.17 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 5.29 |
Grupo Mxico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Mxico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Mxico's standard deviation. In reality, there are many statistical measures that can use Grupo Mxico historical prices to predict the future Grupo Mxico's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.5063 | |||
| Total Risk Alpha | 0.3808 | |||
| Sortino Ratio | 0.2099 | |||
| Treynor Ratio | 0.6748 |
Grupo Mxico SAB Backtested Returns
Grupo Mxico appears to be relatively risky, given 3 months investment horizon. Grupo Mxico SAB holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By evaluating Grupo Mxico's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Grupo Mxico's Market Risk Adjusted Performance of 0.6848, risk adjusted performance of 0.0913, and Downside Deviation of 2.39 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grupo Mxico holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grupo Mxico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Mxico is expected to be smaller as well. Please check Grupo Mxico's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Grupo Mxico's current trending patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Grupo Mxico SAB has good reverse predictability. Overlapping area represents the amount of predictability between Grupo Mxico time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Grupo Mxico SAB price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Grupo Mxico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Grupo Mxico SAB lagged returns against current returns
Autocorrelation, which is Grupo Mxico 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 Grupo Mxico's stock expected returns. We can calculate the autocorrelation of Grupo Mxico returns to help us make a trade decision. For example, suppose you find that Grupo Mxico 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 |
Grupo Mxico 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 Grupo Mxico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Mxico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Mxico stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Mxico Lagged Returns
When evaluating Grupo Mxico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Mxico stock have on its future price. Grupo Mxico 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, Grupo Mxico autocorrelation shows the relationship between Grupo Mxico stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Mxico SAB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grupo Stock
Grupo Mxico financial ratios help investors to determine whether Grupo 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 Grupo with respect to the benefits of owning Grupo Mxico security.