Grupo Mxico (Mexico) Market Value
| GMEXICOB | MXN 102.71 1.12 1.08% |
| Symbol | Grupo |
Grupo Mxico '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 Mxico'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 Mxico.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Grupo Mxico on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Grupo Mxico SAB or generate 0.0% return on investment in Grupo Mxico over 360 days. Grupo Mxico is related to or competes with FIBRA Storage, Promotora, Select Sector, Promotora, IShares Global, SPDR Series, and Vanguard World. Grupo Mxico, S.A.B. de C.V. engages in copper production, rail transportation, and infrastructure businesses worldwide More
Grupo Mxico 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 Mxico'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 Mxico SAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.77 |
Grupo Mxico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Mxico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Mxico's standard deviation. In reality, there are many statistical measures that can use Grupo Mxico historical prices to predict the future Grupo Mxico's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.0031 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.173 |
Grupo Mxico SAB Backtested Returns
As of now, Grupo Stock is very steady. Grupo Mxico SAB holds Efficiency (Sharpe) Ratio of 0.0169, which attests that the entity had a 0.0169% return per unit of risk over the last 3 months. We have found thirty technical indicators for Grupo Mxico SAB, which you can use to evaluate the volatility of the firm. Please check out Grupo Mxico's Downside Deviation of 1.79, market risk adjusted performance of 0.183, and Risk Adjusted Performance of 0.0141 to validate if the risk estimate we provide is consistent with the expected return of 0.0317%. Grupo Mxico has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0584, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Mxico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Mxico is expected to be smaller as well. Grupo Mxico SAB right now retains a risk of 1.87%. Please check out Grupo Mxico potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Grupo Mxico will be following its current trending patterns.
Auto-correlation | 0.49 |
Average predictability
Grupo Mxico SAB has average predictability. Overlapping area represents the amount of predictability between Grupo Mxico time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Mxico SAB price movement. The serial correlation of 0.49 indicates that about 49.0% of current Grupo Mxico price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 25.95 |
Grupo Mxico SAB lagged returns against current returns
Autocorrelation, which is Grupo Mxico 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 Mxico's stock expected returns. We can calculate the autocorrelation of Grupo Mxico returns to help us make a trade decision. For example, suppose you find that Grupo Mxico 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 Mxico 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 Mxico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Mxico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Mxico stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Mxico Lagged Returns
When evaluating Grupo Mxico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Mxico stock have on its future price. Grupo Mxico 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 Mxico autocorrelation shows the relationship between Grupo Mxico stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Mxico SAB.
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 Mxico 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 Mxico security.