The Mexico Equity Fund Market Value
| XMXEX Fund | USD 11.92 0.08 0.68% |
| Symbol | Mexico |
Please note, there is a significant difference between Mexico Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mexico Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mexico Equity'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.
Mexico Equity '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 Mexico Equity's mutual fund 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 Mexico Equity.
| 08/11/2024 |
| 09/10/2024 |
If you would invest 0.00 in Mexico Equity on August 11, 2024 and sell it all today you would earn a total of 0.00 from holding The Mexico Equity or generate 0.0% return on investment in Mexico Equity over 30 days. Mexico Equity is related to or competes with Ab Select, Rbc Short, Calvert Short, Angel Oak, and Short-intermediate. Mexico Equity is entity of United States More
Mexico Equity 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 Mexico Equity's mutual fund 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 The Mexico Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.11 |
Mexico Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mexico Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mexico Equity's standard deviation. In reality, there are many statistical measures that can use Mexico Equity historical prices to predict the future Mexico Equity's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mexico Equity'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.
Mexico Equity Backtested Returns
Mexico Equity has Sharpe Ratio of -0.0863, which conveys that the entity had a -0.0863% return per unit of risk over the last 3 months. Mexico Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mexico Equity's Risk Adjusted Performance of (0.1), standard deviation of 1.61, and Market Risk Adjusted Performance of (0.62) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mexico Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mexico Equity is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
The Mexico Equity has poor predictability. Overlapping area represents the amount of predictability between Mexico Equity time series from 11th of August 2024 to 26th of August 2024 and 26th of August 2024 to 10th of September 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 Mexico Equity price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Mexico Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Mexico Equity lagged returns against current returns
Autocorrelation, which is Mexico Equity mutual fund'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 Mexico Equity's mutual fund expected returns. We can calculate the autocorrelation of Mexico Equity returns to help us make a trade decision. For example, suppose you find that Mexico Equity has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Mexico Equity 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 Mexico Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mexico Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mexico Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mexico Equity Lagged Returns
When evaluating Mexico Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mexico Equity mutual fund have on its future price. Mexico Equity 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, Mexico Equity autocorrelation shows the relationship between Mexico Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Mexico Equity.
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.Other Information on Investing in Mexico Mutual Fund
Mexico Equity financial ratios help investors to determine whether Mexico Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mexico with respect to the benefits of owning Mexico Equity security.
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