Fomento Econmico (Mexico) Market Value
| FEMSAUBD | MXN 205.55 1.80 0.87% |
| Symbol | Fomento |
Fomento Econmico '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 Econmico'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 Econmico.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Fomento Econmico on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Fomento Econmico Mexicano or generate 0.0% return on investment in Fomento Econmico over 30 days. Fomento Econmico is related to or competes with Grupo Financiero, Alfa SAB, Grupo Mxico, CEMEX SAB, and Grupo Bimbo. Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark bevera... More
Fomento Econmico 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 Econmico'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 Econmico Mexicano upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 2.69 |
Fomento Econmico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fomento Econmico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fomento Econmico's standard deviation. In reality, there are many statistical measures that can use Fomento Econmico historical prices to predict the future Fomento Econmico's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fomento Econmico'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 Econmico Mexicano Backtested Returns
Fomento Econmico Mexicano secures Sharpe Ratio (or Efficiency) of -0.0496, which denotes the company had a -0.0496% return per unit of risk over the last 3 months. Fomento Econmico Mexicano exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento Econmico's Variance of 4.1, mean deviation of 1.24, and Standard Deviation of 2.02 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Fomento Econmico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fomento Econmico is expected to be smaller as well. Fomento Econmico Mexicano has an expected return of -0.1%. Please make sure to confirm Fomento Econmico Mexicano maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Fomento Econmico Mexicano performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Fomento Econmico Mexicano has very good reverse predictability. Overlapping area represents the amount of predictability between Fomento Econmico time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Fomento Econmico Mexicano price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Fomento Econmico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 8.41 |
Fomento Econmico Mexicano lagged returns against current returns
Autocorrelation, which is Fomento Econmico 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 Econmico's stock expected returns. We can calculate the autocorrelation of Fomento Econmico returns to help us make a trade decision. For example, suppose you find that Fomento Econmico 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 Econmico 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 Econmico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fomento Econmico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fomento Econmico stock over time.
Current vs Lagged Prices |
| Timeline |
Fomento Econmico Lagged Returns
When evaluating Fomento Econmico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fomento Econmico stock have on its future price. Fomento Econmico 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 Econmico autocorrelation shows the relationship between Fomento Econmico stock current value and its past values and can show if there is a momentum factor associated with investing in Fomento Econmico Mexicano.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Fomento Econmico Correlation, Fomento Econmico Volatility and Fomento Econmico Alpha and Beta module to complement your research on Fomento Econmico. Note that the Fomento Econmico Mexicano information on this page should be used as a complementary analysis to other Fomento Econmico'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Fomento Stock analysis
When running Fomento Econmico's price analysis, check to measure Fomento Econmico'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 Econmico is operating at the current time. Most of Fomento Econmico's value examination focuses on studying past and present price action to predict the probability of Fomento Econmico'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 Econmico's price. Additionally, you may evaluate how the addition of Fomento Econmico to your portfolios can decrease your overall portfolio volatility.
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Fomento Econmico 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.