Fomento Econmico Mexicano Stock Price on February 1, 2024

FMXUF Stock  USD 8.64  0.74  7.89%   
If you're considering investing in Fomento Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Fomento Económico stands at 8.64, as last reported on the 29th of November, with the highest price reaching 8.64 and the lowest price hitting 8.64 during the day. Fomento Econmico Mexicano secures Sharpe Ratio (or Efficiency) of -0.0936, which denotes the company had a -0.0936% return per unit of risk over the last 3 months. Fomento Econmico Mexicano exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento Económico's Variance of 5.03, standard deviation of 2.24, and Mean Deviation of 1.33 to check the risk estimate we provide.
  
Fomento Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0936

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Estimated Market Risk

 2.28
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.21
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Fomento Económico 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 Económico by adding Fomento Económico to a well-diversified portfolio.

Fomento Económico Valuation on February 1, 2024

It is possible to determine the worth of Fomento Económico on a given historical date. On February 1, 2024 Fomento was worth 13.99 at the beginning of the trading date compared to the closed value of 13.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fomento Económico pink sheet. Still, in general, we apply an absolute valuation method to find Fomento Económico'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 Económico where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fomento Económico's related companies.
 Open High Low Close Volume
  13.15    13.15    13.15    13.15    8,463  
02/01/2024
  13.99    13.99    13.99    13.99    1,300  
  14.79    14.79    14.79    14.79    27,887  
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Open Value
13.99
13.99
Closing Value
20.84
Upside

Fomento Económico Trading Date Momentum on February 1, 2024

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Fomento Econmico Mexicano Fundamentals Correlations and Trends

By evaluating Fomento Económico'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 Económico'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 Económico Pink Sheet history

Fomento Económico 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 Econmico Mexicano 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 Económico stock prices may prove useful in developing a viable investing in Fomento Económico
Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. Fomento Econmico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico. Fomento Economico operates under BeveragesBrewers classification in the United States and is traded on OTC Exchange. It employs 330394 people.

Fomento Económico Pink Sheet Technical Analysis

Fomento Económico technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Fomento Económico technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fomento Económico trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fomento Económico Period Price Range

Low
November 29, 2024
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Fomento Econmico Mexicano cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 Económico November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Fomento Económico pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fomento Económico shares will generate the highest return on investment. By undertsting and applying Fomento Económico pink sheet market strength indicators, traders can identify Fomento Econmico Mexicano entry and exit signals to maximize returns

Fomento Económico Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fomento Económico's price direction in advance. Along with the technical and fundamental analysis of Fomento Pink Sheet 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.

Complementary Tools for Fomento Pink Sheet analysis

When running Fomento Económico's price analysis, check to measure Fomento Económico'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 Económico is operating at the current time. Most of Fomento Económico's value examination focuses on studying past and present price action to predict the probability of Fomento Económico'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 Económico's price. Additionally, you may evaluate how the addition of Fomento Económico to your portfolios can decrease your overall portfolio volatility.
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