General Electric (Mexico) Market Value
| GE Stock | MXN 3,820 150.00 4.09% |
| Symbol | General |
General Electric '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 General Electric'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 General Electric.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in General Electric on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding General Electric or generate 0.0% return on investment in General Electric over 540 days. General Electric is related to or competes with DXC Technology, Cognizant Technology, Grupo Sports, FibraHotel, and Samsung Electronics. General Electric Company operates as a high-tech industrial company worldwide More
General Electric 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 General Electric'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 General Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0739 | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 4.33 |
General Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for General Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as General Electric's standard deviation. In reality, there are many statistical measures that can use General Electric historical prices to predict the future General Electric's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 0.1965 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0608 | |||
| Treynor Ratio | 0.4331 |
General Electric Backtested Returns
General Electric appears to be very steady, given 3 months investment horizon. General Electric holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for General Electric, which you can use to evaluate the volatility of the firm. Please utilize General Electric's Market Risk Adjusted Performance of 0.4431, risk adjusted performance of 0.1095, and Downside Deviation of 2.51 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, General Electric holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, General Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding General Electric is expected to be smaller as well. Please check General Electric's semi variance, and the relationship between the treynor ratio and rate of daily change , to make a quick decision on whether General Electric's current trending patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
General Electric has very good predictability. Overlapping area represents the amount of predictability between General Electric 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 General Electric price movement. The serial correlation of 0.85 indicates that around 85.0% of current General Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 156.5 K |
General Electric lagged returns against current returns
Autocorrelation, which is General Electric 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 General Electric's stock expected returns. We can calculate the autocorrelation of General Electric returns to help us make a trade decision. For example, suppose you find that General Electric 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 |
General Electric 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 General Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if General Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in General Electric stock over time.
Current vs Lagged Prices |
| Timeline |
General Electric Lagged Returns
When evaluating General Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of General Electric stock have on its future price. General Electric 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, General Electric autocorrelation shows the relationship between General Electric stock current value and its past values and can show if there is a momentum factor associated with investing in General Electric.
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.Additional Tools for General Stock Analysis
When running General Electric's price analysis, check to measure General Electric'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 General Electric is operating at the current time. Most of General Electric's value examination focuses on studying past and present price action to predict the probability of General Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Electric's price. Additionally, you may evaluate how the addition of General Electric to your portfolios can decrease your overall portfolio volatility.