Grupo Comercial (Mexico) Market Value
| CHDRAUIB | MXN 127.00 1.73 1.38% |
| Symbol | Grupo |
Grupo Comercial '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 Comercial'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 Comercial.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Grupo Comercial on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Grupo Comercial Chedraui or generate 0.0% return on investment in Grupo Comercial over 540 days. Grupo Comercial is related to or competes with Genomma Lab, El Puerto, and Kimberly Clark. Grupo Comercial Chedraui, S.A.B. de C.V. operates selfservice stores More
Grupo Comercial 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 Comercial'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 Comercial Chedraui upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.78 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.09 |
Grupo Comercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Comercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Comercial's standard deviation. In reality, there are many statistical measures that can use Grupo Comercial historical prices to predict the future Grupo Comercial's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (14.96) |
Grupo Comercial Chedraui Backtested Returns
Grupo Comercial Chedraui holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Grupo Comercial Chedraui exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Comercial's Standard Deviation of 1.36, risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (14.95) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0132, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Comercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Comercial is expected to be smaller as well. At this point, Grupo Comercial Chedraui has a negative expected return of -0.27%. Please make sure to check out Grupo Comercial's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Grupo Comercial Chedraui performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Grupo Comercial Chedraui has very weak reverse predictability. Overlapping area represents the amount of predictability between Grupo Comercial time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Comercial Chedraui price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Grupo Comercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 91.75 |
Grupo Comercial Chedraui lagged returns against current returns
Autocorrelation, which is Grupo Comercial 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 Comercial's stock expected returns. We can calculate the autocorrelation of Grupo Comercial returns to help us make a trade decision. For example, suppose you find that Grupo Comercial 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 Comercial 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 Comercial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Comercial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Comercial stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Comercial Lagged Returns
When evaluating Grupo Comercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Comercial stock have on its future price. Grupo Comercial 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 Comercial autocorrelation shows the relationship between Grupo Comercial stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Comercial Chedraui.
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.Other Information on Investing in Grupo Stock
Grupo Comercial financial ratios help investors to determine whether Grupo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grupo with respect to the benefits of owning Grupo Comercial security.