Grupo Aeromxico (Mexico) Market Value
| AEROMEX Stock | MXN 167.00 0.00 0.00% |
| Symbol | Grupo |
Grupo Aeromxico '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 Aeromxico'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 Aeromxico.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Grupo Aeromxico on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Aeromxico SAB or generate 0.0% return on investment in Grupo Aeromxico over 90 days. Grupo Aeromxico is related to or competes with Bank of Nova Scotia, First Republic, Burlington Stores, Capital One, Grupo Carso, DXC Technology, and Ameriprise Financial. Grupo Aeromxico, S.A.B. de C.V., through its subsidiaries, provides commercial aviation services for passengers and carg... More
Grupo Aeromxico 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 Aeromxico'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 Aeromxico SAB upside and downside potential and time the market with a certain degree of confidence.
Grupo Aeromxico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Aeromxico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Aeromxico's standard deviation. In reality, there are many statistical measures that can use Grupo Aeromxico historical prices to predict the future Grupo Aeromxico's volatility.Grupo Aeromxico SAB Backtested Returns
We have found three technical indicators for Grupo Aeromxico SAB, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Grupo Aeromxico are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Grupo Aeromxico SAB has no correlation between past and present. Overlapping area represents the amount of predictability between Grupo Aeromxico time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 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 Aeromxico SAB price movement. The serial correlation of 0.0 indicates that just 0.0% of current Grupo Aeromxico price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Grupo Aeromxico SAB lagged returns against current returns
Autocorrelation, which is Grupo Aeromxico 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 Aeromxico's stock expected returns. We can calculate the autocorrelation of Grupo Aeromxico returns to help us make a trade decision. For example, suppose you find that Grupo Aeromxico 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 Aeromxico 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 Aeromxico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Aeromxico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Aeromxico stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Aeromxico Lagged Returns
When evaluating Grupo Aeromxico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Aeromxico stock have on its future price. Grupo Aeromxico 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 Aeromxico autocorrelation shows the relationship between Grupo Aeromxico stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Aeromxico SAB.
Regressed Prices |
| Timeline |
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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.Additional Tools for Grupo Stock Analysis
When running Grupo Aeromxico's price analysis, check to measure Grupo Aeromxico'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 Grupo Aeromxico is operating at the current time. Most of Grupo Aeromxico's value examination focuses on studying past and present price action to predict the probability of Grupo Aeromxico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Aeromxico's price. Additionally, you may evaluate how the addition of Grupo Aeromxico to your portfolios can decrease your overall portfolio volatility.