Grupo Bimbo (Mexico) Market Value
| BIMBOA Stock | MXN 66.16 1.52 2.25% |
| Symbol | Grupo |
Grupo Bimbo '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 Bimbo'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 Bimbo.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Grupo Bimbo on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Bimbo SAB or generate 0.0% return on investment in Grupo Bimbo over 30 days. Grupo Bimbo is related to or competes with CEMEX SAB, Fomento Econmico, Alsea SAB, Gruma SAB, and Grupo Financiero. Grupo Bimbo, S.A.B. de C.V., together with its subsidiaries, produces, distributes, and sells various bakery products More
Grupo Bimbo 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 Bimbo'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 Bimbo SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.65 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.61 |
Grupo Bimbo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Bimbo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Bimbo's standard deviation. In reality, there are many statistical measures that can use Grupo Bimbo historical prices to predict the future Grupo Bimbo's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Bimbo'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 Bimbo SAB Backtested Returns
Grupo Bimbo 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. Grupo Bimbo SAB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grupo Bimbo's Risk Adjusted Performance of (0.11), market risk adjusted performance of (0.69), and Standard Deviation of 2.11 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grupo Bimbo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Bimbo is expected to be smaller as well. Grupo Bimbo SAB has an expected return of -0.38%. Please make sure to check out Grupo Bimbo skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Grupo Bimbo SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Grupo Bimbo SAB has very good reverse predictability. Overlapping area represents the amount of predictability between Grupo Bimbo time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Bimbo SAB price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Grupo Bimbo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 6.08 |
Grupo Bimbo SAB lagged returns against current returns
Autocorrelation, which is Grupo Bimbo 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 Bimbo's stock expected returns. We can calculate the autocorrelation of Grupo Bimbo returns to help us make a trade decision. For example, suppose you find that Grupo Bimbo 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 Bimbo 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 Bimbo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Bimbo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Bimbo stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Bimbo Lagged Returns
When evaluating Grupo Bimbo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Bimbo stock have on its future price. Grupo Bimbo 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 Bimbo autocorrelation shows the relationship between Grupo Bimbo stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Bimbo SAB.
Regressed Prices |
| Timeline |
Pair Trading with Grupo Bimbo
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 Bimbo 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 Bimbo will appreciate offsetting losses from the drop in the long position's value.Moving together with Grupo Stock
| 0.7 | CAR | Avis Budget Group | PairCorr |
Moving against Grupo Stock
| 0.6 | MCK | McKesson | PairCorr |
| 0.54 | CMG | Chipotle Mexican Grill Earnings Call This Week | PairCorr |
| 0.53 | AMP | Ameriprise Financial Earnings Call This Week | PairCorr |
| 0.51 | VLO | Valero Energy Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to Grupo Bimbo 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 Bimbo 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 Bimbo - 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 Bimbo SAB to buy it.
The correlation of Grupo Bimbo 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 Bimbo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Bimbo SAB 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 Bimbo 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 Bimbo Correlation, Grupo Bimbo Volatility and Grupo Bimbo Alpha and Beta module to complement your research on Grupo Bimbo. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Grupo Stock analysis
When running Grupo Bimbo's price analysis, check to measure Grupo Bimbo'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 Bimbo is operating at the current time. Most of Grupo Bimbo's value examination focuses on studying past and present price action to predict the probability of Grupo Bimbo'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 Bimbo's price. Additionally, you may evaluate how the addition of Grupo Bimbo to your portfolios can decrease your overall portfolio volatility.
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Grupo Bimbo 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.