Fomento Econmico (Brazil) Market Value
| FMXB34 Stock | BRL 516.12 6.19 1.21% |
| Symbol | Fomento |
Please note, there is a significant difference between Fomento Econmico's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fomento Econmico is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fomento Econmico'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.
Fomento Econmico '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 Fomento Econmico'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 Fomento Econmico.
| 12/04/2024 |
| 02/02/2025 |
If you would invest 0.00 in Fomento Econmico on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Fomento Econmico Mexicano, or generate 0.0% return on investment in Fomento Econmico over 60 days. Fomento Econmico is related to or competes with United States, Cognizant Technology, Micron Technology, Seagate Technology, and Spotify Technology. More
Fomento Econmico 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 Fomento Econmico'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 Fomento Econmico Mexicano, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.82 |
Fomento Econmico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fomento Econmico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fomento Econmico's standard deviation. In reality, there are many statistical measures that can use Fomento Econmico historical prices to predict the future Fomento Econmico's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.2714 |
Fomento Econmico Mex Backtested Returns
Fomento Econmico Mex secures Sharpe Ratio (or Efficiency) of -0.0662, which denotes the company had a -0.0662 % 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 Econmico's Standard Deviation of 1.59, variance of 2.52, and Mean Deviation of 0.6017 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fomento Econmico are expected to decrease at a much lower rate. During the bear market, Fomento Econmico is likely to outperform the market. At this point, Fomento Econmico Mex has a negative expected return of -0.11%. Please make sure to confirm Fomento Econmico's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Fomento Econmico Mex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Fomento Econmico Mexicano, has below average predictability. Overlapping area represents the amount of predictability between Fomento Econmico time series from 4th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 2nd of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fomento Econmico Mex price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Fomento Econmico price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 18.78 |
Fomento Econmico Mex lagged returns against current returns
Autocorrelation, which is Fomento Econmico 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 Fomento Econmico's stock expected returns. We can calculate the autocorrelation of Fomento Econmico returns to help us make a trade decision. For example, suppose you find that Fomento Econmico 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 |
Fomento Econmico 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 Fomento Econmico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fomento Econmico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fomento Econmico stock over time.
Current vs Lagged Prices |
| Timeline |
Fomento Econmico Lagged Returns
When evaluating Fomento Econmico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fomento Econmico stock have on its future price. Fomento Econmico 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, Fomento Econmico autocorrelation shows the relationship between Fomento Econmico stock current value and its past values and can show if there is a momentum factor associated with investing in Fomento Econmico Mexicano,.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Fomento Stock
Fomento Econmico financial ratios help investors to determine whether Fomento 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 Fomento with respect to the benefits of owning Fomento Econmico security.