Grupo Cementos De Stock Market Value
| GCWOF Stock | USD 8.92 0.00 0.00% |
| Symbol | Grupo |
Grupo Cementos '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 Cementos' 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 Cementos.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Grupo Cementos on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Cementos de or generate 0.0% return on investment in Grupo Cementos over 180 days. Grupo Cementos is related to or competes with Eagle Materials, Cementos Pacasmayo, James Hardie, United States, Vulcan Materials, Martin Marietta, and Summit Materials. GCC, S.A.B. de C.V., through its subsidiaries, produces, distributes, and sells gray Portland cement, ready-mix concrete... More
Grupo Cementos 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 Cementos' 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 Cementos de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0223 | |||
| Maximum Drawdown | 17.37 |
Grupo Cementos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Cementos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Cementos' standard deviation. In reality, there are many statistical measures that can use Grupo Cementos historical prices to predict the future Grupo Cementos' volatility.| Risk Adjusted Performance | 0.0707 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.1126 |
Grupo Cementos de Backtested Returns
At this point, Grupo Cementos is somewhat reliable. Grupo Cementos de holds Efficiency (Sharpe) Ratio of 0.0852, which attests that the entity had a 0.0852% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Grupo Cementos de, which you can use to evaluate the volatility of the firm. Please check out Grupo Cementos' Standard Deviation of 2.23, risk adjusted performance of 0.0707, and Market Risk Adjusted Performance of 0.1226 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Grupo Cementos has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.58, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Grupo Cementos will likely underperform. Grupo Cementos de right now retains a risk of 2.27%. Please check out Grupo Cementos standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Grupo Cementos will be following its current trending patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Grupo Cementos de has good reverse predictability. Overlapping area represents the amount of predictability between Grupo Cementos time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Cementos de price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Grupo Cementos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Grupo Cementos de lagged returns against current returns
Autocorrelation, which is Grupo Cementos 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 Cementos' pink sheet expected returns. We can calculate the autocorrelation of Grupo Cementos returns to help us make a trade decision. For example, suppose you find that Grupo Cementos 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 Cementos 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 Cementos pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Cementos 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 Cementos pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Grupo Cementos Lagged Returns
When evaluating Grupo Cementos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Cementos pink sheet have on its future price. Grupo Cementos 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 Cementos autocorrelation shows the relationship between Grupo Cementos pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Grupo Cementos de.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grupo Pink Sheet
Grupo Cementos financial ratios help investors to determine whether Grupo 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 Grupo with respect to the benefits of owning Grupo Cementos security.