Grupo Financiero (Mexico) Market Value
| GFNORTEO | MXN 134.05 5.06 3.64% |
| Symbol | Grupo |
Grupo Financiero '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 Financiero'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 Grupo Financiero.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Grupo Financiero on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Financiero Banorte or generate 0.0% return on investment in Grupo Financiero over 30 days. Grupo Financiero is related to or competes with Grupo Carso, Kimberly Clark, Alfa SAB, and Grupo Televisa. Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services... More
Grupo Financiero 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 Financiero'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 Grupo Financiero Banorte upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.52 |
Grupo Financiero Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Financiero's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Financiero's standard deviation. In reality, there are many statistical measures that can use Grupo Financiero historical prices to predict the future Grupo Financiero's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0104 | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.0866 |
Grupo Financiero Banorte Backtested Returns
Grupo Financiero Banorte holds Efficiency (Sharpe) Ratio of -0.0018, which attests that the entity had a -0.0018% return per unit of risk over the last 3 months. Grupo Financiero Banorte exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Financiero's Market Risk Adjusted Performance of 0.0966, standard deviation of 1.95, and insignificant Risk Adjusted Performance to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Grupo Financiero are expected to decrease at a much lower rate. During the bear market, Grupo Financiero is likely to outperform the market. At this point, Grupo Financiero Banorte has a negative expected return of -0.0036%. Please make sure to check out Grupo Financiero's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Grupo Financiero Banorte performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Grupo Financiero Banorte has good reverse predictability. Overlapping area represents the amount of predictability between Grupo Financiero time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Grupo Financiero Banorte price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Grupo Financiero price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 10.17 |
Grupo Financiero Banorte lagged returns against current returns
Autocorrelation, which is Grupo Financiero 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 Grupo Financiero's stock expected returns. We can calculate the autocorrelation of Grupo Financiero returns to help us make a trade decision. For example, suppose you find that Grupo Financiero 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 |
Grupo Financiero 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 Financiero stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Financiero stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Financiero stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Financiero Lagged Returns
When evaluating Grupo Financiero's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Financiero stock have on its future price. Grupo Financiero 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 Financiero autocorrelation shows the relationship between Grupo Financiero stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Financiero Banorte.
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 Grupo Stock
Grupo Financiero financial ratios help investors to determine whether Grupo 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 Grupo with respect to the benefits of owning Grupo Financiero security.