Fomento Economico Mexicano Stock Price on September 30, 2023
| FMX Stock | USD 88.50 1.36 1.56% |
Below is the normalized historical share price chart for Fomento Economico Mexicano extending back to May 11, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fomento Economico stands at 88.50, as last reported on the 25th of November, with the highest price reaching 89.57 and the lowest price hitting 87.58 during the day.
If you're considering investing in Fomento Stock, it is important to understand the factors that can impact its price. Fomento Economico secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of risk over the last 3 months. Fomento Economico Mexicano exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento Economico's Variance of 1.31, standard deviation of 1.15, and Mean Deviation of 0.8862 to check the risk estimate we provide.
At this time, Fomento Economico's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 846.1 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 18.5 B in 2024. . At this time, Fomento Economico's Price Earnings Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to rise to 32.72 in 2024, whereas Price To Sales Ratio is likely to drop 1.76 in 2024. Fomento Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of May 2023 | 200 Day MA 111.8557 | 50 Day MA 96.9978 | Beta 0.386 |
Fomento |
Sharpe Ratio = -0.2119
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| Negative Returns | FMX |
Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fomento Economico is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fomento Economico by adding Fomento Economico to a well-diversified portfolio.
Price Book 2.1042 | Enterprise Value Ebitda 10.6361 | Price Sales 0.2057 | Shares Float 2.7 B | Dividend Share 4.397 |
Fomento Economico Valuation on September 30, 2023
It is possible to determine the worth of Fomento Economico on a given historical date. On September 30, 2023 Fomento was worth 104.12 at the beginning of the trading date compared to the closed value of 105.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fomento Economico stock. Still, in general, we apply an absolute valuation method to find Fomento Economico's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fomento Economico where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fomento Economico's related companies.
| Open | High | Low | Close | Volume | |
| 103.43 | 104.12 | 102.06 | 104.02 | 407,283 | |
09/29/2023 | 104.12 | 106.15 | 103.57 | 105.22 | 519,900 |
| 104.71 | 106.77 | 104.32 | 106.65 | 574,448 |
| Backtest Fomento Economico | | | Fomento Economico History | | | Fomento Economico Valuation | Previous | Next |
Fomento Economico Trading Date Momentum on September 30, 2023
| On October 02 2023 Fomento Economico Mexicano was traded for 106.65 at the closing time. Highest Fomento Economico's price during the trading hours was 106.77 and the lowest price during the day was 104.32 . The net volume was 574.4 K. The overall trading history on the 2nd of October contributed to the next trading period price jump. The overall trading delta to the next next day price was 1.36% . The overall trading delta to current price is 4.65% . |
Fomento Economico Fundamentals Correlations and Trends
By evaluating Fomento Economico's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fomento Economico's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fomento financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fomento Economico Stock history
Fomento Economico investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fomento is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fomento Economico will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fomento Economico stock prices may prove useful in developing a viable investing in Fomento Economico
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 20.6 B | 18.5 B | |
| Net Income Applicable To Common Shares | 28.5 B | 29.9 B |
Fomento Economico Quarterly Net Working Capital |
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Fomento Economico Stock Technical Analysis
Fomento Economico 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.
Price Boundaries
Fomento Economico Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Fomento Economico Mexicano cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fomento Economico November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Fomento Economico stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fomento Economico shares will generate the highest return on investment. By undertsting and applying Fomento Economico stock market strength indicators, traders can identify Fomento Economico Mexicano entry and exit signals to maximize returns
Fomento Economico Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fomento Economico's price direction in advance. Along with the technical and fundamental analysis of Fomento Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fomento to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.87) |
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Additional Tools for Fomento Stock Analysis
When running Fomento Economico's price analysis, check to measure Fomento Economico'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 Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.