Fomento Econmico Mexicano Stock Price on September 27, 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.
Fomento |
Sharpe Ratio = -0.0936
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | FMXUF |
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.
Related Headline
Zevia Pbc Headline on 27th of September 2024
Disposition of 11338 shares by White Pine Llc of Zevia Pbc a... by White Pine Llc
Filed transaction by Zevia Pbc 10 Percent Owner. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Fomento Económico Valuation on September 27, 2024
It is possible to determine the worth of Fomento Económico on a given historical date. On September 27, 2024 Fomento was worth 10.02 at the beginning of the trading date compared to the closed value of 10.02. 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 | |
9.72 | 9.72 | 9.72 | 9.72 | 1.00 | |
09/27/2024 | 10.02 | 10.02 | 10.02 | 10.02 | 2,400 |
10.10 | 10.10 | 9.90 | 9.90 | 4,700 |
Backtest Fomento Económico | | | Fomento Económico History | | | Fomento Económico Valuation | Previous | Next |
Fomento Económico Trading Date Momentum on September 27, 2024
On September 30 2024 Fomento Econmico Mexicano was traded for 9.90 at the closing time. The highest daily price throughout the period was 10.10 and the lowest price was 9.90 . The daily volume was 4.7 K. The net trading volume on 09/30/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.20% . The overall trading delta to current closing price is 3.59% . |
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.
Price Boundaries
Fomento Económico Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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.
Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (0.58) | |||
Treynor Ratio | (5.69) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
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.
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |