Fomento Economico Mexicano Stock Market Value
| FMX Stock | USD 114.62 1.62 1.39% |
| Symbol | Fomento |
Fomento Economico Price To Book Ratio
Is Fomento Economico's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fomento Economico. If investors know Fomento will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fomento Economico listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Dividend Share 4.397 | Earnings Share 4.72 | Revenue Per Share 2 K | Quarterly Revenue Growth 0.113 |
The market value of Fomento Economico is measured differently than its book value, which is the value of Fomento that is recorded on the company's balance sheet. Investors also form their own opinion of Fomento Economico's value that differs from its market value or its book value, called intrinsic value, which is Fomento Economico's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fomento Economico's market value can be influenced by many factors that don't directly affect Fomento Economico's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fomento Economico's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fomento Economico is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fomento Economico's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fomento Economico '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 Fomento Economico'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 Fomento Economico.
| 05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in Fomento Economico on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding Fomento Economico Mexicano or generate 0.0% return on investment in Fomento Economico over 30 days. Fomento Economico is related to or competes with Ambev SA, Boston Beer, Carlsberg, Molson Coors, Compania Cervecerias, Anheuser Busch, and Heineken. Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark bevera... More
Fomento Economico 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 Fomento Economico'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 Fomento Economico Mexicano upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.95 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.15 |
Fomento Economico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fomento Economico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fomento Economico's standard deviation. In reality, there are many statistical measures that can use Fomento Economico historical prices to predict the future Fomento Economico's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fomento Economico'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.
Fomento Economico Backtested Returns
Fomento Economico secures Sharpe Ratio (or Efficiency) of -0.0844, which denotes the company had a -0.0844% return per unit of risk over the last 3 months. Fomento Economico Mexicano exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento Economico's Variance of 1.24, standard deviation of 1.11, and Mean Deviation of 0.8303 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Fomento Economico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fomento Economico is expected to be smaller as well. Fomento Economico has an expected return of -0.0947%. Please make sure to confirm Fomento Economico jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Fomento Economico performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Fomento Economico Mexicano has very good reverse predictability. Overlapping area represents the amount of predictability between Fomento Economico time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 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 Fomento Economico price movement. The serial correlation of -0.66 indicates that around 66.0% of current Fomento Economico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Fomento Economico lagged returns against current returns
Autocorrelation, which is Fomento Economico 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 Fomento Economico's stock expected returns. We can calculate the autocorrelation of Fomento Economico returns to help us make a trade decision. For example, suppose you find that Fomento Economico 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 |
Fomento Economico 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 Fomento Economico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fomento Economico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fomento Economico stock over time.
Current vs Lagged Prices |
| Timeline |
Fomento Economico Lagged Returns
When evaluating Fomento Economico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fomento Economico stock have on its future price. Fomento Economico 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, Fomento Economico autocorrelation shows the relationship between Fomento Economico stock current value and its past values and can show if there is a momentum factor associated with investing in Fomento Economico Mexicano.
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.When determining whether Fomento Economico offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fomento Economico's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fomento Economico Mexicano Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fomento Economico Mexicano Stock:Check out Fomento Economico Correlation, Fomento Economico Volatility and Fomento Economico Alpha and Beta module to complement your research on Fomento Economico. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Fomento Stock analysis
When running Fomento Economico's price analysis, check to measure Fomento Economico'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 Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.
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Fomento Economico technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.