Grupo Nutresa Sa Stock Market Value
| GCHOY Stock | USD 10.65 0.00 0.00% |
| Symbol | Grupo |
Grupo Nutresa '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 Nutresa'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 Grupo Nutresa.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Grupo Nutresa on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Grupo Nutresa SA or generate 0.0% return on investment in Grupo Nutresa over 720 days. Grupo Nutresa is related to or competes with Premier Foods, Grupo Herdez, First Pacific, A2 Milk, Artisan Consumer, Avi, and Emmi AG. A. operates in the food industry primarily in Colombia and Latin America More
Grupo Nutresa 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 Nutresa'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 Grupo Nutresa SA upside and downside potential and time the market with a certain degree of confidence.
Grupo Nutresa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Nutresa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Nutresa's standard deviation. In reality, there are many statistical measures that can use Grupo Nutresa historical prices to predict the future Grupo Nutresa's volatility.Grupo Nutresa SA Backtested Returns
We have found three technical indicators for Grupo Nutresa SA, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Grupo Nutresa are completely uncorrelated.
Auto-correlation | -0.42 |
Modest reverse predictability
Grupo Nutresa SA has modest reverse predictability. Overlapping area represents the amount of predictability between Grupo Nutresa time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 Nutresa SA price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Grupo Nutresa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Grupo Nutresa SA lagged returns against current returns
Autocorrelation, which is Grupo Nutresa 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 Grupo Nutresa's pink sheet expected returns. We can calculate the autocorrelation of Grupo Nutresa returns to help us make a trade decision. For example, suppose you find that Grupo Nutresa 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 |
Grupo Nutresa 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 Nutresa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Nutresa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Nutresa pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Grupo Nutresa Lagged Returns
When evaluating Grupo Nutresa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Nutresa pink sheet have on its future price. Grupo Nutresa 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 Nutresa autocorrelation shows the relationship between Grupo Nutresa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Grupo Nutresa SA.
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.Additional Tools for Grupo Pink Sheet Analysis
When running Grupo Nutresa's price analysis, check to measure Grupo Nutresa's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grupo Nutresa is operating at the current time. Most of Grupo Nutresa's value examination focuses on studying past and present price action to predict the probability of Grupo Nutresa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Nutresa's price. Additionally, you may evaluate how the addition of Grupo Nutresa to your portfolios can decrease your overall portfolio volatility.