Grupo Aeroportuario Del Stock Market Value
| ASR Stock | USD 266.09 1.83 0.68% |
| Symbol | Grupo |
Grupo Aeroportuario del Price To Book Ratio
Is Transportation Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Grupo Aeroportuario. If investors know Grupo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Grupo Aeroportuario listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.248 | Dividend Share 10.926 | Earnings Share 20.81 | Revenue Per Share 972.97 | Quarterly Revenue Growth 0.181 |
The market value of Grupo Aeroportuario del is measured differently than its book value, which is the value of Grupo that is recorded on the company's balance sheet. Investors also form their own opinion of Grupo Aeroportuario's value that differs from its market value or its book value, called intrinsic value, which is Grupo Aeroportuario's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Grupo Aeroportuario's market value can be influenced by many factors that don't directly affect Grupo Aeroportuario's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Grupo Aeroportuario's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grupo Aeroportuario is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grupo Aeroportuario's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Grupo Aeroportuario '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 Aeroportuario'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 Aeroportuario.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Grupo Aeroportuario on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Aeroportuario del or generate 0.0% return on investment in Grupo Aeroportuario over 30 days. Grupo Aeroportuario is related to or competes with Grupo Aeroportuario, Corporacion America, AerSale Corp, Flughafen Zürich, Grupo Aeroportuario, Airports, and Auckland International. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico More
Grupo Aeroportuario 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 Aeroportuario'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 Aeroportuario del upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.13 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.79 |
Grupo Aeroportuario Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Aeroportuario's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Aeroportuario's standard deviation. In reality, there are many statistical measures that can use Grupo Aeroportuario historical prices to predict the future Grupo Aeroportuario's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Aeroportuario'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 Aeroportuario del Backtested Returns
Grupo Aeroportuario del holds Efficiency (Sharpe) Ratio of -0.0205, which attests that the entity had a -0.0205% return per unit of risk over the last 3 months. Grupo Aeroportuario del exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Aeroportuario's Market Risk Adjusted Performance of (0.08), risk adjusted performance of (0.01), and Standard Deviation of 1.62 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grupo Aeroportuario's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Aeroportuario is expected to be smaller as well. At this point, Grupo Aeroportuario del has a negative expected return of -0.033%. Please make sure to check out Grupo Aeroportuario's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Grupo Aeroportuario del performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Grupo Aeroportuario del has very good reverse predictability. Overlapping area represents the amount of predictability between Grupo Aeroportuario time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Aeroportuario del price movement. The serial correlation of -0.67 indicates that around 67.0% of current Grupo Aeroportuario price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 12.64 |
Grupo Aeroportuario del lagged returns against current returns
Autocorrelation, which is Grupo Aeroportuario 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 Aeroportuario's stock expected returns. We can calculate the autocorrelation of Grupo Aeroportuario returns to help us make a trade decision. For example, suppose you find that Grupo Aeroportuario 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 Aeroportuario 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 Aeroportuario stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Aeroportuario stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Aeroportuario stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Aeroportuario Lagged Returns
When evaluating Grupo Aeroportuario's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Aeroportuario stock have on its future price. Grupo Aeroportuario 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 Aeroportuario autocorrelation shows the relationship between Grupo Aeroportuario stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Aeroportuario del.
Regressed Prices |
| Timeline |
Pair Trading with Grupo Aeroportuario
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grupo Aeroportuario position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grupo Aeroportuario will appreciate offsetting losses from the drop in the long position's value.Moving together with Grupo Stock
Moving against Grupo Stock
| 0.45 | AZ | A2Z Smart Technologies | PairCorr |
| 0.41 | BLDEW | Blade Air Mobility | PairCorr |
| 0.41 | G | Genpact Limited | PairCorr |
| 0.37 | ASLE | AerSale Corp | PairCorr |
| 0.33 | BR | Broadridge Financial | PairCorr |
The ability to find closely correlated positions to Grupo Aeroportuario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Aeroportuario when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grupo Aeroportuario - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grupo Aeroportuario del to buy it.
The correlation of Grupo Aeroportuario is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Aeroportuario moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aeroportuario del moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Grupo Aeroportuario can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Grupo Stock Analysis
When running Grupo Aeroportuario's price analysis, check to measure Grupo Aeroportuario'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 Aeroportuario is operating at the current time. Most of Grupo Aeroportuario's value examination focuses on studying past and present price action to predict the probability of Grupo Aeroportuario'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 Aeroportuario's price. Additionally, you may evaluate how the addition of Grupo Aeroportuario to your portfolios can decrease your overall portfolio volatility.