Nemak S (Mexico) Market Value
| NEMAKA Stock | MXN 2.73 0.07 2.50% |
| Symbol | Nemak |
Nemak S '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 Nemak S'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 Nemak S.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Nemak S on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Nemak S A or generate 0.0% return on investment in Nemak S over 30 days. Nemak S is related to or competes with Prudential Financial, UnitedHealth Group, Bank of Nova Scotia, Capital One, Grupo Sports, Grupo Hotelero, and GMxico Transportes. V., together with its subsidiaries, develops, manufactures, and sells aluminum components for powertrain, e-mobility, an... More
Nemak S 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 Nemak S'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 Nemak S A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.74 |
Nemak S Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nemak S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nemak S's standard deviation. In reality, there are many statistical measures that can use Nemak S historical prices to predict the future Nemak S's volatility.| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.4547 | |||
| Total Risk Alpha | 0.3511 | |||
| Sortino Ratio | 0.1716 | |||
| Treynor Ratio | 3.03 |
Nemak S A Backtested Returns
Nemak S appears to be very risky, given 3 months investment horizon. Nemak S A has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Nemak S's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please exercise Nemak S's Mean Deviation of 2.49, downside deviation of 2.54, and Risk Adjusted Performance of 0.1091 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nemak S holds a performance score of 11. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nemak S's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nemak S is expected to be smaller as well. Please check Nemak S's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Nemak S's current price movements will revert.
Auto-correlation | 0.92 |
Excellent predictability
Nemak S A has excellent predictability. Overlapping area represents the amount of predictability between Nemak S time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Nemak S A price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Nemak S price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Nemak S A lagged returns against current returns
Autocorrelation, which is Nemak S 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 Nemak S's stock expected returns. We can calculate the autocorrelation of Nemak S returns to help us make a trade decision. For example, suppose you find that Nemak S 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 |
Nemak S 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 Nemak S stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nemak S stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nemak S stock over time.
Current vs Lagged Prices |
| Timeline |
Nemak S Lagged Returns
When evaluating Nemak S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nemak S stock have on its future price. Nemak S 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, Nemak S autocorrelation shows the relationship between Nemak S stock current value and its past values and can show if there is a momentum factor associated with investing in Nemak S A.
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 Nemak Stock
Nemak S financial ratios help investors to determine whether Nemak 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 Nemak with respect to the benefits of owning Nemak S security.