Nemak S (Mexico) Market Value
| NEMAKA Stock | MXN 1.81 0.03 1.63% |
| Symbol | Nemak |
Nemak S '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 Nemak S'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 Nemak S.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Nemak S on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Nemak S A or generate 0.0% return on investment in Nemak S over 30 days. Nemak S is related to or competes with CVS Health, GMxico Transportes, Grupo Hotelero, Applied Materials, Samsung Electronics, Costco Wholesale, and Hoteles City. V., together with its subsidiaries, develops, manufactures, and sells aluminum components for powertrain, e-mobility, an... More
Nemak S 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 Nemak S'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 Nemak S A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 4.35 |
Nemak S Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nemak S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nemak S's standard deviation. In reality, there are many statistical measures that can use Nemak S historical prices to predict the future Nemak S's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (54.39) |
Nemak S A Backtested Returns
Nemak S A has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Nemak S exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nemak S's Mean Deviation of 2.01, risk adjusted performance of (0.1), and Standard Deviation of 2.58 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0067, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nemak S's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nemak S is expected to be smaller as well. At this point, Nemak S A has a negative expected return of -0.3%. Please make sure to verify Nemak S's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Nemak S A performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Nemak S A has very good reverse predictability. Overlapping area represents the amount of predictability between Nemak S time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Nemak S A price movement. The serial correlation of -0.66 indicates that around 66.0% of current Nemak S price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nemak S A lagged returns against current returns
Autocorrelation, which is Nemak S 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 Nemak S's stock expected returns. We can calculate the autocorrelation of Nemak S returns to help us make a trade decision. For example, suppose you find that Nemak S 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 |
Nemak S 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 Nemak S stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nemak S stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nemak S stock over time.
Current vs Lagged Prices |
| Timeline |
Nemak S Lagged Returns
When evaluating Nemak S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nemak S stock have on its future price. Nemak S 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, Nemak S autocorrelation shows the relationship between Nemak S stock current value and its past values and can show if there is a momentum factor associated with investing in Nemak S A.
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 Nemak Stock
Nemak S financial ratios help investors to determine whether Nemak 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 Nemak with respect to the benefits of owning Nemak S security.