Grupo Elektra (Mexico) Market Value
| ELEKTRA Stock | MXN 350.52 3.52 1.01% |
| Symbol | Grupo |
Grupo Elektra '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 Elektra'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 Elektra.
| 12/29/2023 |
| 12/23/2024 |
If you would invest 0.00 in Grupo Elektra on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Grupo Elektra SAB or generate 0.0% return on investment in Grupo Elektra over 360 days. Grupo Elektra is related to or competes with Samsung Electronics, Taiwan Semiconductor, JPMorgan Chase, Bank of America, HSBC Holdings, and Citigroup. Grupo Elektra, S.A.B. de C.V. operates as a financial services and specialty retailing company in Latin America, as well... More
Grupo Elektra 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 Elektra'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 Elektra SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 69.84 | |||
| Value At Risk | (6.62) | |||
| Potential Upside | 9.27 |
Grupo Elektra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Elektra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Elektra's standard deviation. In reality, there are many statistical measures that can use Grupo Elektra historical prices to predict the future Grupo Elektra's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Elektra'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.
Grupo Elektra SAB Backtested Returns
Grupo Elektra SAB holds Efficiency (Sharpe) Ratio of -0.0664, which attests that the entity had a -0.0664% return per unit of risk over the last 3 months. Grupo Elektra SAB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Elektra's Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.72), and Standard Deviation of 9.89 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.88, which attests to possible diversification benefits within a given portfolio. Grupo Elektra returns are very sensitive to returns on the market. As the market goes up or down, Grupo Elektra is expected to follow. At this point, Grupo Elektra SAB has a negative expected return of -0.68%. Please make sure to check out Grupo Elektra's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Grupo Elektra SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Grupo Elektra SAB has good predictability. Overlapping area represents the amount of predictability between Grupo Elektra time series from 29th of December 2023 to 26th of June 2024 and 26th of June 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 Grupo Elektra SAB price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Grupo Elektra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 39 K |
Grupo Elektra SAB lagged returns against current returns
Autocorrelation, which is Grupo Elektra 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 Elektra's stock expected returns. We can calculate the autocorrelation of Grupo Elektra returns to help us make a trade decision. For example, suppose you find that Grupo Elektra 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 Elektra 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 Elektra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Elektra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Elektra stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Elektra Lagged Returns
When evaluating Grupo Elektra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Elektra stock have on its future price. Grupo Elektra 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 Elektra autocorrelation shows the relationship between Grupo Elektra stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Elektra SAB.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Grupo Stock
Grupo Elektra 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 Elektra security.