Banco Actinver (Mexico) Market Value
| FNOVA17 Stock | MXN 23.74 4.41 15.67% |
| Symbol | Banco |
Banco Actinver '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 Banco Actinver'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 Banco Actinver.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Banco Actinver on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Banco Actinver SA or generate 0.0% return on investment in Banco Actinver over 30 days. Banco Actinver is related to or competes with Genworth Financial, McEwen Mining, Verizon Communications, First Republic, Ross Stores, Hoteles City, and Delta Air. Banco Actinver S.A., Institucin de Banca Mltiple, Grupo Financiero Actinver engages in the acquisition and construction ... More
Banco Actinver 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 Banco Actinver'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 Banco Actinver SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) |
Banco Actinver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banco Actinver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Banco Actinver's standard deviation. In reality, there are many statistical measures that can use Banco Actinver historical prices to predict the future Banco Actinver's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 0.718 |
Banco Actinver SA Backtested Returns
Banco Actinver SA secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Banco Actinver SA exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Banco Actinver's Risk Adjusted Performance of (0.09), standard deviation of 1.93, and Mean Deviation of 0.4675 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Banco Actinver are expected to decrease at a much lower rate. During the bear market, Banco Actinver is likely to outperform the market. At this point, Banco Actinver SA has a negative expected return of -0.25%. Please make sure to confirm Banco Actinver's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Banco Actinver SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Banco Actinver SA has no correlation between past and present. Overlapping area represents the amount of predictability between Banco Actinver time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Banco Actinver SA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Banco Actinver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
Banco Actinver SA lagged returns against current returns
Autocorrelation, which is Banco Actinver 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 Banco Actinver's stock expected returns. We can calculate the autocorrelation of Banco Actinver returns to help us make a trade decision. For example, suppose you find that Banco Actinver 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 |
Banco Actinver 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 Banco Actinver stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Banco Actinver stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Banco Actinver stock over time.
Current vs Lagged Prices |
| Timeline |
Banco Actinver Lagged Returns
When evaluating Banco Actinver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Banco Actinver stock have on its future price. Banco Actinver 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, Banco Actinver autocorrelation shows the relationship between Banco Actinver stock current value and its past values and can show if there is a momentum factor associated with investing in Banco Actinver SA.
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 Banco Stock
Banco Actinver financial ratios help investors to determine whether Banco 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 Banco with respect to the benefits of owning Banco Actinver security.