Grupo Concesionario (Argentina) Market Value
| OEST Stock | ARS 1,110 20.00 1.77% |
| Symbol | Grupo |
Grupo Concesionario '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 Concesionario'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 Concesionario.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Grupo Concesionario on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Grupo Concesionario del or generate 0.0% return on investment in Grupo Concesionario over 720 days. Grupo Concesionario is related to or competes with Harmony Gold, Transportadora, Telecom Argentina, and Compania. Grupo Concesionario del Oeste S.A. engages in the construction, maintenance, administration, and exploitation of the Acc... More
Grupo Concesionario 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 Concesionario'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 Concesionario del upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.38 |
Grupo Concesionario Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Concesionario's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Concesionario's standard deviation. In reality, there are many statistical measures that can use Grupo Concesionario historical prices to predict the future Grupo Concesionario's volatility.| Risk Adjusted Performance | 0.0163 | |||
| Jensen Alpha | 0.0267 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.19) |
Grupo Concesionario del Backtested Returns
At this point, Grupo Concesionario is very steady. Grupo Concesionario del holds Efficiency (Sharpe) Ratio of 0.0241, which attests that the entity had a 0.0241% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Grupo Concesionario del, which you can use to evaluate the volatility of the firm. Please check out Grupo Concesionario's Risk Adjusted Performance of 0.0163, downside deviation of 2.17, and Market Risk Adjusted Performance of (0.18) to validate if the risk estimate we provide is consistent with the expected return of 0.0505%. Grupo Concesionario has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0959, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grupo Concesionario are expected to decrease at a much lower rate. During the bear market, Grupo Concesionario is likely to outperform the market. Grupo Concesionario del right now retains a risk of 2.1%. Please check out Grupo Concesionario value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Grupo Concesionario will be following its current trending patterns.
Auto-correlation | 0.35 |
Below average predictability
Grupo Concesionario del has below average predictability. Overlapping area represents the amount of predictability between Grupo Concesionario time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Concesionario del price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Grupo Concesionario price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 7941.38 |
Grupo Concesionario del lagged returns against current returns
Autocorrelation, which is Grupo Concesionario 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 Concesionario's stock expected returns. We can calculate the autocorrelation of Grupo Concesionario returns to help us make a trade decision. For example, suppose you find that Grupo Concesionario 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 Concesionario 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 Concesionario stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Concesionario stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Concesionario stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Concesionario Lagged Returns
When evaluating Grupo Concesionario's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Concesionario stock have on its future price. Grupo Concesionario 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 Concesionario autocorrelation shows the relationship between Grupo Concesionario stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Concesionario del.
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 Concesionario 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 Concesionario security.