Grupo Sports (Mexico) Market Value
| SPORTS Stock | MXN 6.40 0.20 3.23% |
| Symbol | Grupo |
Grupo Sports '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 Sports' 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 Sports.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Grupo Sports on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Sports World or generate 0.0% return on investment in Grupo Sports over 30 days. Grupo Sports is related to or competes with GMxico Transportes, Taiwan Semiconductor, Monster Beverage, DXC Technology, McEwen Mining, and Southwest Airlines. Grupo Sports World, S.A.B. de C.V. operates family fitness clubs in Mexico More
Grupo Sports 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 Sports' 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 Sports World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1411 | |||
| Maximum Drawdown | 12.22 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.23 |
Grupo Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Sports' standard deviation. In reality, there are many statistical measures that can use Grupo Sports historical prices to predict the future Grupo Sports' volatility.| Risk Adjusted Performance | 0.1552 | |||
| Jensen Alpha | 0.4163 | |||
| Total Risk Alpha | 0.1211 | |||
| Sortino Ratio | 0.1065 | |||
| Treynor Ratio | (1.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Sports' 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 Sports World Backtested Returns
Grupo Sports appears to be somewhat reliable, given 3 months investment horizon. Grupo Sports World holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Grupo Sports World, which you can use to evaluate the volatility of the firm. Please utilize Grupo Sports' Market Risk Adjusted Performance of (1.21), risk adjusted performance of 0.1552, and Downside Deviation of 2.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grupo Sports holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Grupo Sports are expected to decrease at a much lower rate. During the bear market, Grupo Sports is likely to outperform the market. Please check Grupo Sports' sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Grupo Sports' current trending patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Grupo Sports World has modest reverse predictability. Overlapping area represents the amount of predictability between Grupo Sports time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Sports World price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Grupo Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Grupo Sports World lagged returns against current returns
Autocorrelation, which is Grupo Sports 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 Sports' stock expected returns. We can calculate the autocorrelation of Grupo Sports returns to help us make a trade decision. For example, suppose you find that Grupo Sports 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 Sports 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 Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Sports stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Sports Lagged Returns
When evaluating Grupo Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Sports stock have on its future price. Grupo Sports 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 Sports autocorrelation shows the relationship between Grupo Sports stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Sports World.
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 Sports 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 Sports security.