Grupo Industrial's market value is the price at which a share of Grupo Industrial trades on a public exchange. It measures the collective expectations of Grupo Industrial Saltillo investors about its performance. Grupo Industrial is trading at 16.70 as of the 4th of January 2025, a No Change since the beginning of the trading day. The stock's open price was 16.7. With this module, you can estimate the performance of a buy and hold strategy of Grupo Industrial Saltillo and determine expected loss or profit from investing in Grupo Industrial over a given investment horizon. Check out Grupo Industrial Correlation, Grupo Industrial Volatility and Grupo Industrial Alpha and Beta module to complement your research on Grupo Industrial.
Please note, there is a significant difference between Grupo Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grupo Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grupo Industrial'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.
Grupo Industrial '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 Industrial'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 Industrial.
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11/05/2024
No Change 0.00
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Grupo Industrial on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Industrial Saltillo or generate 0.0% return on investment in Grupo Industrial over 60 days. Grupo Industrial is related to or competes with Cydsa SAB, Promotora, Grupo KUO, and Organizacin Cultiba. Grupo Industrial Saltillo, S.A.B. de C.V More
Grupo Industrial 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 Industrial'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 Industrial Saltillo upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Industrial's standard deviation. In reality, there are many statistical measures that can use Grupo Industrial historical prices to predict the future Grupo Industrial's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Grupo Industrial. Your research has to be compared to or analyzed against Grupo Industrial's peers to derive any actionable benefits. When done correctly, Grupo Industrial's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Grupo Industrial Saltillo.
Grupo Industrial Saltillo Backtested Returns
Grupo Industrial Saltillo holds Efficiency (Sharpe) Ratio of -0.0867, which attests that the entity had a -0.0867% return per unit of risk over the last 3 months. Grupo Industrial Saltillo exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Industrial's Standard Deviation of 1.69, market risk adjusted performance of 3.25, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0459, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grupo Industrial are expected to decrease at a much lower rate. During the bear market, Grupo Industrial is likely to outperform the market. At this point, Grupo Industrial Saltillo has a negative expected return of -0.14%. Please make sure to check out Grupo Industrial's maximum drawdown and kurtosis , to decide if Grupo Industrial Saltillo performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.53
Good reverse predictability
Grupo Industrial Saltillo has good reverse predictability. Overlapping area represents the amount of predictability between Grupo Industrial time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. 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 Industrial Saltillo price movement. The serial correlation of -0.53 indicates that about 53.0% of current Grupo Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.53
Spearman Rank Test
-0.31
Residual Average
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Price Variance
0.06
Grupo Industrial Saltillo lagged returns against current returns
Autocorrelation, which is Grupo Industrial 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 Industrial's stock expected returns. We can calculate the autocorrelation of Grupo Industrial returns to help us make a trade decision. For example, suppose you find that Grupo Industrial 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 Industrial 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 Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Industrial stock over time.
Current vs Lagged Prices
Timeline
Grupo Industrial Lagged Returns
When evaluating Grupo Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Industrial stock have on its future price. Grupo Industrial 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 Industrial autocorrelation shows the relationship between Grupo Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Industrial Saltillo.
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.
Grupo Industrial 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 Industrial security.