Genomma Lab (Mexico) Market Value
| LABB Stock | MXN 26.30 0.14 0.54% |
| Symbol | Genomma |
Genomma Lab '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 Genomma Lab'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 Genomma Lab.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Genomma Lab on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Genomma Lab Internacional or generate 0.0% return on investment in Genomma Lab over 30 days. Genomma Lab is related to or competes with Gruma SAB, Alfa SAB, Kimberly Clark, Grupo Mxico, and Grupo Financiero. Genomma Lab Internacional, S.A.B. de C.V More
Genomma Lab 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 Genomma Lab'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 Genomma Lab Internacional upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1709 | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.84 |
Genomma Lab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genomma Lab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genomma Lab's standard deviation. In reality, there are many statistical measures that can use Genomma Lab historical prices to predict the future Genomma Lab's volatility.| Risk Adjusted Performance | 0.1889 | |||
| Jensen Alpha | 0.3915 | |||
| Total Risk Alpha | 0.1468 | |||
| Sortino Ratio | 0.2031 | |||
| Treynor Ratio | 0.9054 |
Genomma Lab Internacional Backtested Returns
Genomma Lab appears to be very steady, given 3 months investment horizon. Genomma Lab Internacional holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. By evaluating Genomma Lab's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Genomma Lab's Market Risk Adjusted Performance of 0.9154, downside deviation of 1.63, and Risk Adjusted Performance of 0.1889 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genomma Lab holds a performance score of 23. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genomma Lab's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genomma Lab is expected to be smaller as well. Please check Genomma Lab's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Genomma Lab's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Genomma Lab Internacional has very good reverse predictability. Overlapping area represents the amount of predictability between Genomma Lab 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 Genomma Lab Internacional price movement. The serial correlation of -0.67 indicates that around 67.0% of current Genomma Lab price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Genomma Lab Internacional lagged returns against current returns
Autocorrelation, which is Genomma Lab 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 Genomma Lab's stock expected returns. We can calculate the autocorrelation of Genomma Lab returns to help us make a trade decision. For example, suppose you find that Genomma Lab 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 |
Genomma Lab 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 Genomma Lab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genomma Lab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genomma Lab stock over time.
Current vs Lagged Prices |
| Timeline |
Genomma Lab Lagged Returns
When evaluating Genomma Lab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genomma Lab stock have on its future price. Genomma Lab 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, Genomma Lab autocorrelation shows the relationship between Genomma Lab stock current value and its past values and can show if there is a momentum factor associated with investing in Genomma Lab Internacional.
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 Genomma Stock Analysis
When running Genomma Lab's price analysis, check to measure Genomma Lab'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 Genomma Lab is operating at the current time. Most of Genomma Lab's value examination focuses on studying past and present price action to predict the probability of Genomma Lab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genomma Lab's price. Additionally, you may evaluate how the addition of Genomma Lab to your portfolios can decrease your overall portfolio volatility.