Gruma SAB (Mexico) Market Value
| GRUMAB Stock | MXN 343.65 1.33 0.39% |
| Symbol | Gruma |
Gruma SAB '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 Gruma SAB'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 Gruma SAB.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Gruma SAB on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Gruma SAB de or generate 0.0% return on investment in Gruma SAB over 30 days. Gruma SAB is related to or competes with Alfa SAB, Grupo Financiero, Fomento Econmico, and Grupo Mxico. Gruma, S.A.B. de C.V., together with its subsidiaries, produces, sells, and exports corn flour, tortillas, and other rel... More
Gruma SAB 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 Gruma SAB'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 Gruma SAB de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.03 |
Gruma SAB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gruma SAB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gruma SAB's standard deviation. In reality, there are many statistical measures that can use Gruma SAB historical prices to predict the future Gruma SAB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (8.32) |
Gruma SAB de Backtested Returns
Gruma SAB de holds Efficiency (Sharpe) Ratio of -0.0613, which attests that the entity had a -0.0613% return per unit of risk over the last 3 months. Gruma SAB de exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gruma SAB's Risk Adjusted Performance of (0.05), market risk adjusted performance of (8.31), and Standard Deviation of 1.69 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0161, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gruma SAB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gruma SAB is expected to be smaller as well. At this point, Gruma SAB de has a negative expected return of -0.11%. Please make sure to check out Gruma SAB's daily balance of power, and the relationship between the skewness and day typical price , to decide if Gruma SAB de performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Gruma SAB de has weak reverse predictability. Overlapping area represents the amount of predictability between Gruma SAB time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Gruma SAB de price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Gruma SAB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 28.63 |
Gruma SAB de lagged returns against current returns
Autocorrelation, which is Gruma SAB 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 Gruma SAB's stock expected returns. We can calculate the autocorrelation of Gruma SAB returns to help us make a trade decision. For example, suppose you find that Gruma SAB 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 |
Gruma SAB 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 Gruma SAB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gruma SAB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gruma SAB stock over time.
Current vs Lagged Prices |
| Timeline |
Gruma SAB Lagged Returns
When evaluating Gruma SAB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gruma SAB stock have on its future price. Gruma SAB 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, Gruma SAB autocorrelation shows the relationship between Gruma SAB stock current value and its past values and can show if there is a momentum factor associated with investing in Gruma SAB de.
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 Gruma Stock
Gruma SAB financial ratios help investors to determine whether Gruma 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 Gruma with respect to the benefits of owning Gruma SAB security.