GRUPO ECOENER's market value is the price at which a share of GRUPO ECOENER trades on a public exchange. It measures the collective expectations of GRUPO ECOENER EO investors about its performance. GRUPO ECOENER is trading at 4.25 as of the 22nd of December 2024. This is a 0.24% up since the beginning of the trading day. The stock's lowest day price was 4.09. With this module, you can estimate the performance of a buy and hold strategy of GRUPO ECOENER EO and determine expected loss or profit from investing in GRUPO ECOENER over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
GRUPO
GRUPO ECOENER '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 ECOENER'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 ECOENER.
0.00
11/28/2023
No Change 0.00
0.0
In 1 year and 25 days
12/22/2024
0.00
If you would invest 0.00 in GRUPO ECOENER on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding GRUPO ECOENER EO or generate 0.0% return on investment in GRUPO ECOENER over 390 days.
GRUPO ECOENER 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 ECOENER'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 ECOENER EO upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRUPO ECOENER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRUPO ECOENER's standard deviation. In reality, there are many statistical measures that can use GRUPO ECOENER historical prices to predict the future GRUPO ECOENER's volatility.
GRUPO ECOENER appears to be slightly risky, given 3 months investment horizon. GRUPO ECOENER EO holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of volatility over the last 3 months. We have found thirty technical indicators for GRUPO ECOENER EO, which you can use to evaluate the volatility of the firm. Please utilize GRUPO ECOENER's market risk adjusted performance of 0.7405, and Risk Adjusted Performance of 0.1063 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GRUPO ECOENER holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GRUPO ECOENER's returns are expected to increase less than the market. However, during the bear market, the loss of holding GRUPO ECOENER is expected to be smaller as well. Please check GRUPO ECOENER's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether GRUPO ECOENER's current trending patterns will revert.
Auto-correlation
0.27
Poor predictability
GRUPO ECOENER EO has poor predictability. Overlapping area represents the amount of predictability between GRUPO ECOENER time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd of December 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 ECOENER EO price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current GRUPO ECOENER price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
0.09
GRUPO ECOENER EO lagged returns against current returns
Autocorrelation, which is GRUPO ECOENER 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 ECOENER's stock expected returns. We can calculate the autocorrelation of GRUPO ECOENER returns to help us make a trade decision. For example, suppose you find that GRUPO ECOENER 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 ECOENER 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 ECOENER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRUPO ECOENER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRUPO ECOENER stock over time.
Current vs Lagged Prices
Timeline
GRUPO ECOENER Lagged Returns
When evaluating GRUPO ECOENER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRUPO ECOENER stock have on its future price. GRUPO ECOENER 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 ECOENER autocorrelation shows the relationship between GRUPO ECOENER stock current value and its past values and can show if there is a momentum factor associated with investing in GRUPO ECOENER EO.