Fomento Econmico (Germany) Price on May 22, 2024
FOMA Stock | EUR 83.00 0.00 0.00% |
If you're considering investing in Fomento Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fomento Econmico stands at 83.00, as last reported on the 27th of December, with the highest price reaching 83.00 and the lowest price hitting 83.00 during the day. Fomento Econmico Mexicano secures Sharpe Ratio (or Efficiency) of -0.047, which denotes the company had a -0.047% return per unit of risk over the last 3 months. Fomento Econmico Mexicano exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento Econmico's Standard Deviation of 1.4, mean deviation of 1.05, and Variance of 1.95 to check the risk estimate we provide.
Fomento Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fomento |
Sharpe Ratio = -0.047
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Estimated Market Risk
1.43 actual daily | 12 88% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fomento Econmico is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fomento Econmico by adding Fomento Econmico to a well-diversified portfolio.
Fomento Econmico Valuation on May 22, 2024
It is possible to determine the worth of Fomento Econmico on a given historical date. On May 22, 2024 Fomento was worth 104.8 at the beginning of the trading date compared to the closed value of 104.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fomento Econmico stock. Still, in general, we apply an absolute valuation method to find Fomento Econmico's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fomento Econmico where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fomento Econmico's related companies.
Open | High | Low | Close | Volume | |
105.78 | 105.78 | 105.78 | 105.78 | 1.00 | |
05/22/2024 | 104.80 | 104.80 | 104.80 | 104.80 | 1.00 |
104.80 | 104.80 | 104.80 | 104.80 | 1.00 |
Backtest Fomento Econmico | | | Fomento Econmico History | | | Fomento Econmico Valuation | Previous | Next |
Fomento Econmico Trading Date Momentum on May 22, 2024
On May 23 2024 Fomento Econmico Mexicano was traded for 104.80 at the closing time. The maximum traded price for the trading interval was 104.80 and the lowest daily price was 104.80 . There was no trading activity during the period 1.0. Lack of trading volume on 23rd of May 2024 did not affect price variability. The overall trading delta to the closing price today is 2.81% . |
Fomento Econmico Mexicano Fundamentals Correlations and Trends
By evaluating Fomento Econmico's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fomento Econmico's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fomento financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fomento Econmico Stock history
Fomento Econmico investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fomento is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fomento Econmico Mexicano will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fomento Econmico stock prices may prove useful in developing a viable investing in Fomento Econmico
Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. Fomento Econmico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico. FOM ECO operates under BeveragesBrewers classification in Germany and is traded on Frankfurt Stock Exchange. It employs 313693 people.
Fomento Econmico Stock Technical Analysis
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.
Price Boundaries
Fomento Econmico Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Fomento Econmico Mexicano cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Fomento Econmico December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Fomento Econmico stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fomento Econmico shares will generate the highest return on investment. By undertsting and applying Fomento Econmico stock market strength indicators, traders can identify Fomento Econmico Mexicano entry and exit signals to maximize returns
Fomento Econmico Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fomento Econmico's price direction in advance. Along with the technical and fundamental analysis of Fomento Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fomento to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.16) | |||
Treynor Ratio | 0.7545 |
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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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