Grupo TMM (Mexico) Market Value
| TMMA Stock | MXN 5.19 0.19 3.80% |
| Symbol | Grupo |
Grupo TMM '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 TMM'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 TMM.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Grupo TMM on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo TMM SAB or generate 0.0% return on investment in Grupo TMM over 30 days. Grupo TMM is related to or competes with Verizon Communications, Ross Stores, Monster Beverage, Southern Copper, United States, Grupo Hotelero, and New Oriental. Grupo TMM, S.A.B., together with its subsidiaries, operates as a logistics and transportation company in Mexico More
Grupo TMM 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 TMM'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 TMM SAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.1468 | |||
| Maximum Drawdown | 22.29 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 7.05 |
Grupo TMM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo TMM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo TMM's standard deviation. In reality, there are many statistical measures that can use Grupo TMM historical prices to predict the future Grupo TMM's volatility.| Risk Adjusted Performance | 0.1487 | |||
| Jensen Alpha | 0.7335 | |||
| Total Risk Alpha | 0.0828 | |||
| Sortino Ratio | 0.2373 | |||
| Treynor Ratio | (0.85) |
Grupo TMM SAB Backtested Returns
Grupo TMM appears to be moderately volatile, given 3 months investment horizon. Grupo TMM SAB 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. By evaluating Grupo TMM's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Grupo TMM's Market Risk Adjusted Performance of (0.84), downside deviation of 2.2, and Risk Adjusted Performance of 0.1487 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grupo TMM holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Grupo TMM are expected to decrease at a much lower rate. During the bear market, Grupo TMM is likely to outperform the market. Please check Grupo TMM's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Grupo TMM's current trending patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Grupo TMM SAB has very good reverse predictability. Overlapping area represents the amount of predictability between Grupo TMM 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 Grupo TMM SAB price movement. The serial correlation of -0.69 indicates that around 69.0% of current Grupo TMM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Grupo TMM SAB lagged returns against current returns
Autocorrelation, which is Grupo TMM 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 TMM's stock expected returns. We can calculate the autocorrelation of Grupo TMM returns to help us make a trade decision. For example, suppose you find that Grupo TMM 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 TMM 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 TMM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo TMM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo TMM stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo TMM Lagged Returns
When evaluating Grupo TMM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo TMM stock have on its future price. Grupo TMM 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 TMM autocorrelation shows the relationship between Grupo TMM stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo TMM SAB.
Regressed Prices |
| Timeline |
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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 Grupo Stock Analysis
When running Grupo TMM's price analysis, check to measure Grupo TMM'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 Grupo TMM is operating at the current time. Most of Grupo TMM's value examination focuses on studying past and present price action to predict the probability of Grupo TMM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo TMM's price. Additionally, you may evaluate how the addition of Grupo TMM to your portfolios can decrease your overall portfolio volatility.