Grupo Herdez (Mexico) Market Value
| HERDEZ Stock | MXN 50.67 0.87 1.69% |
| Symbol | Grupo |
Grupo Herdez '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 Herdez'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 Herdez.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Grupo Herdez on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Herdez SAB or generate 0.0% return on investment in Grupo Herdez over 30 days. Grupo Herdez is related to or competes with Hoteles City, UnitedHealth Group, Southern Copper, McEwen Mining, and United Airlines. Grupo Herdez, S.A.B. de C.V., a food company, engages in the manufacture, purchase, distribution, and marketing of canne... More
Grupo Herdez 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 Herdez'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 Herdez SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 3.66 |
Grupo Herdez Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Herdez's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Herdez's standard deviation. In reality, there are many statistical measures that can use Grupo Herdez historical prices to predict the future Grupo Herdez's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.01 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Herdez's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Grupo Herdez SAB Backtested Returns
Grupo Herdez SAB holds Efficiency (Sharpe) Ratio of -0.0573, which attests that the entity had a -0.0573% return per unit of risk over the last 3 months. Grupo Herdez SAB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Herdez's Standard Deviation of 1.95, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 2.02 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0201, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grupo Herdez are expected to decrease at a much lower rate. During the bear market, Grupo Herdez is likely to outperform the market. At this point, Grupo Herdez SAB has a negative expected return of -0.1%. Please make sure to check out Grupo Herdez's daily balance of power, and the relationship between the skewness and day typical price , to decide if Grupo Herdez SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Grupo Herdez SAB has very weak reverse predictability. Overlapping area represents the amount of predictability between Grupo Herdez time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Herdez SAB price movement. The serial correlation of -0.02 indicates that only 2.0% of current Grupo Herdez price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Grupo Herdez SAB lagged returns against current returns
Autocorrelation, which is Grupo Herdez 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 Herdez's stock expected returns. We can calculate the autocorrelation of Grupo Herdez returns to help us make a trade decision. For example, suppose you find that Grupo Herdez 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 Herdez 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 Herdez stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Herdez stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Herdez stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Herdez Lagged Returns
When evaluating Grupo Herdez's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Herdez stock have on its future price. Grupo Herdez 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 Herdez autocorrelation shows the relationship between Grupo Herdez stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Herdez 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 Herdez 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 Herdez security.