Grupo Mexicano (Mexico) Market Value
| GMD Stock | MXN 10.49 0.00 0.00% |
| Symbol | Grupo |
Grupo Mexicano '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 Mexicano'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 Mexicano.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Grupo Mexicano on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Mexicano de or generate 0.0% return on investment in Grupo Mexicano over 90 days. Grupo Mexicano is related to or competes with Grupo Mxico, Fomento Econmico, CEMEX SAB, and Gruma SAB. Grupo Mexicano de Desarrollo, S.A.B. develops and operates infrastructure projects in Mexico More
Grupo Mexicano 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 Mexicano'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 Mexicano de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.53) |
Grupo Mexicano Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Mexicano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Mexicano's standard deviation. In reality, there are many statistical measures that can use Grupo Mexicano historical prices to predict the future Grupo Mexicano's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (2.58) |
Grupo Mexicano de Backtested Returns
Grupo Mexicano de holds Efficiency (Sharpe) Ratio of -0.26, which attests that the entity had a -0.26% return per unit of risk over the last 3 months. Grupo Mexicano de exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Mexicano's Standard Deviation of 0.6858, risk adjusted performance of (0.20), and Market Risk Adjusted Performance of (2.57) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.071, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Mexicano's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Mexicano is expected to be smaller as well. At this point, Grupo Mexicano de has a negative expected return of -0.19%. Please make sure to check out Grupo Mexicano's mean deviation, information ratio, skewness, as well as the relationship between the standard deviation and maximum drawdown , to decide if Grupo Mexicano de performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Grupo Mexicano de has excellent predictability. Overlapping area represents the amount of predictability between Grupo Mexicano time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Mexicano de price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Grupo Mexicano price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Grupo Mexicano de lagged returns against current returns
Autocorrelation, which is Grupo Mexicano 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 Mexicano's stock expected returns. We can calculate the autocorrelation of Grupo Mexicano returns to help us make a trade decision. For example, suppose you find that Grupo Mexicano 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 Mexicano 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 Mexicano stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Mexicano stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Mexicano stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Mexicano Lagged Returns
When evaluating Grupo Mexicano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Mexicano stock have on its future price. Grupo Mexicano 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 Mexicano autocorrelation shows the relationship between Grupo Mexicano stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Mexicano de.
Regressed Prices |
| Timeline |
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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.Additional Tools for Grupo Stock Analysis
When running Grupo Mexicano's price analysis, check to measure Grupo Mexicano's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grupo Mexicano is operating at the current time. Most of Grupo Mexicano's value examination focuses on studying past and present price action to predict the probability of Grupo Mexicano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Mexicano's price. Additionally, you may evaluate how the addition of Grupo Mexicano to your portfolios can decrease your overall portfolio volatility.