Grupo Aeroportuario (Mexico) Market Value
| ASURB Stock | MXN 579.67 4.98 0.87% |
| Symbol | Grupo |
Grupo Aeroportuario '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 Aeroportuario'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 Aeroportuario.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Grupo Aeroportuario on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Aeroportuario del or generate 0.0% return on investment in Grupo Aeroportuario over 30 days. Grupo Aeroportuario is related to or competes with Grupo Aeroportuario, Grupo Aeroportuario, Gruma SAB, Grupo Financiero, and Alfa SAB. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico More
Grupo Aeroportuario 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 Aeroportuario'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 Aeroportuario del upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0977 | |||
| Maximum Drawdown | 6.59 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.54 |
Grupo Aeroportuario Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Aeroportuario's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Aeroportuario's standard deviation. In reality, there are many statistical measures that can use Grupo Aeroportuario historical prices to predict the future Grupo Aeroportuario's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.2225 | |||
| Total Risk Alpha | 0.0325 | |||
| Sortino Ratio | 0.1176 | |||
| Treynor Ratio | 1.0 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Aeroportuario'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.
Grupo Aeroportuario del Backtested Returns
Grupo Aeroportuario appears to be very steady, given 3 months investment horizon. Grupo Aeroportuario del holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Grupo Aeroportuario del, which you can use to evaluate the volatility of the firm. Please utilize Grupo Aeroportuario's Market Risk Adjusted Performance of 1.01, downside deviation of 1.39, and Risk Adjusted Performance of 0.1 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grupo Aeroportuario holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Aeroportuario's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Aeroportuario is expected to be smaller as well. Please check Grupo Aeroportuario's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Grupo Aeroportuario's current trending patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Grupo Aeroportuario del has weak reverse predictability. Overlapping area represents the amount of predictability between Grupo Aeroportuario time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Aeroportuario del price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Grupo Aeroportuario price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 242.36 |
Grupo Aeroportuario del lagged returns against current returns
Autocorrelation, which is Grupo Aeroportuario 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 Aeroportuario's stock expected returns. We can calculate the autocorrelation of Grupo Aeroportuario returns to help us make a trade decision. For example, suppose you find that Grupo Aeroportuario 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 Aeroportuario 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 Aeroportuario stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Aeroportuario stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Aeroportuario stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Aeroportuario Lagged Returns
When evaluating Grupo Aeroportuario's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Aeroportuario stock have on its future price. Grupo Aeroportuario 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 Aeroportuario autocorrelation shows the relationship between Grupo Aeroportuario stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Aeroportuario del.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Grupo Aeroportuario in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Grupo Aeroportuario's short interest history, or implied volatility extrapolated from Grupo Aeroportuario options trading.
Pair Trading with Grupo Aeroportuario
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grupo Aeroportuario position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grupo Aeroportuario will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Grupo Aeroportuario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Aeroportuario when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grupo Aeroportuario - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grupo Aeroportuario del to buy it.
The correlation of Grupo Aeroportuario is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Aeroportuario moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Aeroportuario del moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Grupo Aeroportuario can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Grupo Aeroportuario Correlation, Grupo Aeroportuario Volatility and Grupo Aeroportuario Alpha and Beta module to complement your research on Grupo Aeroportuario. Note that the Grupo Aeroportuario del information on this page should be used as a complementary analysis to other Grupo Aeroportuario's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Grupo Stock analysis
When running Grupo Aeroportuario's price analysis, check to measure Grupo Aeroportuario'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 Aeroportuario is operating at the current time. Most of Grupo Aeroportuario's value examination focuses on studying past and present price action to predict the probability of Grupo Aeroportuario'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 Aeroportuario's price. Additionally, you may evaluate how the addition of Grupo Aeroportuario to your portfolios can decrease your overall portfolio volatility.
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Grupo Aeroportuario 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.