Fomento Econmico Mexicano Stock Market Value
| FMXUF Stock | USD 8.64 0.74 7.89% |
| Symbol | Fomento |
Fomento Económico '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 Económico's pink sheet 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 Económico.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Fomento Económico on June 8, 2023 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 Económico over 540 days. Fomento Económico is related to or competes with Barfresh Food, and Zevia Pbc. Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark bevera... More
Fomento Económico 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 Económico's pink sheet 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 | (0.16) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 3.41 |
Fomento Económico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fomento Económico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fomento Económico's standard deviation. In reality, there are many statistical measures that can use Fomento Económico historical prices to predict the future Fomento Económico's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (5.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fomento Económico'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.
Fomento Econmico Mexicano Backtested Returns
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 Mean Deviation of 1.33, variance of 5.03, and Standard Deviation of 2.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0428, which means not very significant fluctuations relative to the market. As returns on the market increase, Fomento Económico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fomento Económico is expected to be smaller as well. At this point, Fomento Econmico Mexicano has a negative expected return of -0.21%. Please make sure to confirm Fomento Económico's variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Fomento Econmico Mexicano performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Fomento Econmico Mexicano has weak reverse predictability. Overlapping area represents the amount of predictability between Fomento Económico 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 Fomento Econmico Mexicano price movement. The serial correlation of -0.23 indicates that over 23.0% of current Fomento Económico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Fomento Econmico Mexicano lagged returns against current returns
Autocorrelation, which is Fomento Económico pink sheet'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 Económico's pink sheet expected returns. We can calculate the autocorrelation of Fomento Económico returns to help us make a trade decision. For example, suppose you find that Fomento Económico has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Económico 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 Económico pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fomento Económico pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fomento Económico pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Fomento Económico Lagged Returns
When evaluating Fomento Económico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fomento Económico pink sheet have on its future price. Fomento Económico 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 Económico autocorrelation shows the relationship between Fomento Económico pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Fomento Pink Sheet
Fomento Económico financial ratios help investors to determine whether Fomento Pink Sheet 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 Económico security.