Fibra Plus (Mexico) Market Value
| FPLUS16 Stock | MXN 5.66 0.01 0.18% |
| Symbol | Fibra |
Fibra Plus '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 Fibra Plus' 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 Fibra Plus.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Fibra Plus on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Fibra Plus or generate 0.0% return on investment in Fibra Plus over 30 days. Fibra Plus is related to or competes with Grupo Hotelero, Southern Copper, United Airlines, UnitedHealth Group, Verizon Communications, Southwest Airlines, and FIBRA Storage. BANCO AZTECA operates under Banks - Regional - Latin America classification in Mexico and is traded on Mexico Stock Exch... More
Fibra Plus 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 Fibra Plus' 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 Fibra Plus upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 1.6 |
Fibra Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fibra Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fibra Plus' standard deviation. In reality, there are many statistical measures that can use Fibra Plus historical prices to predict the future Fibra Plus' volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (22.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fibra Plus' 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.
Fibra Plus Backtested Returns
Fibra Plus secures Sharpe Ratio (or Efficiency) of -0.32, which denotes the company had a -0.32% return per unit of standard deviation over the last 3 months. Fibra Plus exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fibra Plus' Mean Deviation of 1.15, standard deviation of 1.87, and Coefficient Of Variation of (391.14) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0213, which means not very significant fluctuations relative to the market. As returns on the market increase, Fibra Plus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fibra Plus is expected to be smaller as well. At this point, Fibra Plus has a negative expected return of -0.43%. Please make sure to confirm Fibra Plus' treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Fibra Plus performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Fibra Plus has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fibra Plus time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Fibra Plus price movement. The serial correlation of -0.75 indicates that around 75.0% of current Fibra Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fibra Plus lagged returns against current returns
Autocorrelation, which is Fibra Plus 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 Fibra Plus' stock expected returns. We can calculate the autocorrelation of Fibra Plus returns to help us make a trade decision. For example, suppose you find that Fibra Plus 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 |
Fibra Plus 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 Fibra Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fibra Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fibra Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Fibra Plus Lagged Returns
When evaluating Fibra Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fibra Plus stock have on its future price. Fibra Plus 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, Fibra Plus autocorrelation shows the relationship between Fibra Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Fibra Plus.
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 Fibra Stock
Fibra Plus financial ratios help investors to determine whether Fibra 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 Fibra with respect to the benefits of owning Fibra Plus security.