Grupo Simec (Mexico) Market Value
| SIMECB Stock | MXN 188.00 1.01 0.53% |
| Symbol | Grupo |
Grupo Simec '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 Simec'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 Simec.
| 12/14/2024 |
| 01/13/2025 |
If you would invest 0.00 in Grupo Simec on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Simec SAB or generate 0.0% return on investment in Grupo Simec over 30 days. Grupo Simec is related to or competes with Capital One, Bank of Nova Scotia, Samsung Electronics, Cognizant Technology, and DXC Technology. Grupo Simec, S.A.B. de C.V. manufactures, processes, and distributes special bar quality steel and structural steel prod... More
Grupo Simec 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 Simec'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 Simec SAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1443 | |||
| Information Ratio | 0.0829 | |||
| Maximum Drawdown | 0.4873 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.0595 |
Grupo Simec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Simec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Simec's standard deviation. In reality, there are many statistical measures that can use Grupo Simec historical prices to predict the future Grupo Simec's volatility.| Risk Adjusted Performance | 0.048 | |||
| Jensen Alpha | 0.0151 | |||
| Total Risk Alpha | 0.0195 | |||
| Sortino Ratio | 0.1849 | |||
| Treynor Ratio | 0.9072 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Simec'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 Simec SAB Backtested Returns
At this point, Grupo Simec is very steady. Grupo Simec SAB holds Efficiency (Sharpe) Ratio of 0.0804, which attests that the entity had a 0.0804% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Grupo Simec SAB, which you can use to evaluate the volatility of the firm. Please check out Grupo Simec's Market Risk Adjusted Performance of 0.9172, risk adjusted performance of 0.048, and Coefficient Of Variation of 1293.4 to validate if the risk estimate we provide is consistent with the expected return of 0.0269%. Grupo Simec has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0164, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Simec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Simec is expected to be smaller as well. Grupo Simec SAB right now retains a risk of 0.33%. Please check out Grupo Simec potential upside, accumulation distribution, price action indicator, as well as the relationship between the expected short fall and day median price , to decide if Grupo Simec will be following its current trending patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Grupo Simec SAB has very good reverse predictability. Overlapping area represents the amount of predictability between Grupo Simec time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th 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 Simec SAB price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Grupo Simec price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 3.2 |
Grupo Simec SAB lagged returns against current returns
Autocorrelation, which is Grupo Simec 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 Simec's stock expected returns. We can calculate the autocorrelation of Grupo Simec returns to help us make a trade decision. For example, suppose you find that Grupo Simec 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 Simec 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 Simec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Simec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Simec stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Simec Lagged Returns
When evaluating Grupo Simec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Simec stock have on its future price. Grupo Simec 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 Simec autocorrelation shows the relationship between Grupo Simec stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Simec SAB.
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Information and Resources on Investing in Grupo Stock
When determining whether Grupo Simec SAB is a strong investment it is important to analyze Grupo Simec's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Grupo Simec's future performance. For an informed investment choice regarding Grupo Stock, refer to the following important reports:Check out Grupo Simec Correlation, Grupo Simec Volatility and Grupo Simec Alpha and Beta module to complement your research on Grupo Simec. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Grupo Simec technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.