Grupo Mxico Sab Stock Market Value
| GMBXF Stock | USD 4.90 0.12 2.51% |
| 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 pink sheet 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.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Grupo Mxico on October 31, 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 ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Grupo Mxico, S.A.B. de C.V. engages in copper production, freight transportation, and infrastructure businesses worldwid... 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 pink sheet 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.53 |
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 | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Mxico'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 Mxico SAB Backtested Returns
Grupo Mxico SAB holds Efficiency (Sharpe) Ratio of -0.0118, which attests that the entity had a -0.0118% return per unit of risk over the last 3 months. Grupo Mxico SAB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Mxico's Standard Deviation of 2.1, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. 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. At this point, Grupo Mxico SAB has a negative expected return of -0.0253%. Please make sure to check out Grupo Mxico's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Grupo Mxico SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Grupo Mxico SAB has good predictability. Overlapping area represents the amount of predictability between Grupo Mxico time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 0.63 indicates that roughly 63.0% of current Grupo Mxico price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Grupo Mxico SAB lagged returns against current returns
Autocorrelation, which is Grupo Mxico pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Mxico pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Mxico pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
Grupo Mxico financial ratios help investors to determine whether Grupo Pink Sheet 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.