Grupo Carso (Mexico) Market Value
| GCARSOA1 | MXN 139.65 1.28 0.91% |
| Symbol | Grupo |
Grupo Carso '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 Carso'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 Carso.
| 08/27/2023 |
| 04/23/2024 |
If you would invest 0.00 in Grupo Carso on August 27, 2023 and sell it all today you would earn a total of 0.00 from holding Grupo Carso SAB or generate 0.0% return on investment in Grupo Carso over 240 days. Grupo Carso is related to or competes with Grupo Financiero, Kimberly Clark, Grupo Televisa, and Grupo Bimbo. Grupo Carso, S.A.B. de C.V., together with its subsidiaries, engages in the commercial, industrial, infrastructure and c... More
Grupo Carso 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 Carso'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 Carso SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 3.56 |
Grupo Carso Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Carso's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Carso's standard deviation. In reality, there are many statistical measures that can use Grupo Carso historical prices to predict the future Grupo Carso's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Carso'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 Carso SAB Backtested Returns
Grupo Carso SAB holds Efficiency (Sharpe) Ratio of -0.0978, which attests that the entity had a -0.0978% return per unit of risk over the last 3 months. Grupo Carso SAB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Carso's Market Risk Adjusted Performance of (0.45), risk adjusted performance of (0.05), and Standard Deviation of 2.4 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grupo Carso's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Carso is expected to be smaller as well. Grupo Carso SAB has an expected return of -0.21%. Please make sure to check out Grupo Carso treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Grupo Carso SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Grupo Carso SAB has weak reverse predictability. Overlapping area represents the amount of predictability between Grupo Carso time series from 27th of August 2023 to 25th of December 2023 and 25th of December 2023 to 23rd 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 Carso SAB price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Grupo Carso price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 191.86 |
Grupo Carso SAB lagged returns against current returns
Autocorrelation, which is Grupo Carso 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 Carso's stock expected returns. We can calculate the autocorrelation of Grupo Carso returns to help us make a trade decision. For example, suppose you find that Grupo Carso 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 Carso 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 Carso stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Carso stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Carso stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Carso Lagged Returns
When evaluating Grupo Carso's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Carso stock have on its future price. Grupo Carso 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 Carso autocorrelation shows the relationship between Grupo Carso stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Carso SAB.
Regressed Prices |
| Timeline |
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Complementary Tools for Grupo Stock analysis
When running Grupo Carso's price analysis, check to measure Grupo Carso'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 Carso is operating at the current time. Most of Grupo Carso's value examination focuses on studying past and present price action to predict the probability of Grupo Carso'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 Carso's price. Additionally, you may evaluate how the addition of Grupo Carso to your portfolios can decrease your overall portfolio volatility.
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Grupo Carso 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.