Farmacias Benavides (Mexico) Market Value
| BEVIDESB | MXN 22.00 1.00 4.76% |
| Symbol | Farmacias |
Farmacias Benavides '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 Farmacias Benavides' 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 Farmacias Benavides.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Farmacias Benavides on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Farmacias Benavides SAB or generate 0.0% return on investment in Farmacias Benavides over 30 days. Farmacias Benavides is related to or competes with Enphase Energy,, Value Grupo, Prudential Plc, Mastercard Incorporated, NVIDIA, Visa, and Eli Lilly. Farmacias Benavides, S.A.B. de C.V. retails health, wellness, and personal care products More
Farmacias Benavides 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 Farmacias Benavides' 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 Farmacias Benavides SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.055 | |||
| Maximum Drawdown | 12.46 | |||
| Potential Upside | 3.09 |
Farmacias Benavides Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Farmacias Benavides' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Farmacias Benavides' standard deviation. In reality, there are many statistical measures that can use Farmacias Benavides historical prices to predict the future Farmacias Benavides' volatility.| Risk Adjusted Performance | 0.0661 | |||
| Jensen Alpha | 0.1668 | |||
| Total Risk Alpha | 0.0612 | |||
| Treynor Ratio | (0.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Farmacias Benavides' 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.
Farmacias Benavides SAB Backtested Returns
Currently, Farmacias Benavides SAB is not too volatile. Farmacias Benavides SAB secures Sharpe Ratio (or Efficiency) of 0.0775, which denotes the company had a 0.0775% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Farmacias Benavides SAB, which you can use to evaluate the volatility of the firm. Please confirm Farmacias Benavides' Mean Deviation of 0.7134, variance of 5.23, and Standard Deviation of 2.29 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Farmacias Benavides has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Farmacias Benavides are expected to decrease at a much lower rate. During the bear market, Farmacias Benavides is likely to outperform the market. Farmacias Benavides SAB right now shows a risk of 2.38%. Please confirm Farmacias Benavides SAB daily balance of power, and the relationship between the treynor ratio and day typical price , to decide if Farmacias Benavides SAB will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Farmacias Benavides SAB has excellent reverse predictability. Overlapping area represents the amount of predictability between Farmacias Benavides time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Farmacias Benavides SAB price movement. The serial correlation of -0.83 indicates that around 83.0% of current Farmacias Benavides price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Farmacias Benavides SAB lagged returns against current returns
Autocorrelation, which is Farmacias Benavides 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 Farmacias Benavides' stock expected returns. We can calculate the autocorrelation of Farmacias Benavides returns to help us make a trade decision. For example, suppose you find that Farmacias Benavides 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 |
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Farmacias Benavides 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 Farmacias Benavides stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Farmacias Benavides stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Farmacias Benavides stock over time.
Current vs Lagged Prices |
| Timeline |
Farmacias Benavides Lagged Returns
When evaluating Farmacias Benavides' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Farmacias Benavides stock have on its future price. Farmacias Benavides 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, Farmacias Benavides autocorrelation shows the relationship between Farmacias Benavides stock current value and its past values and can show if there is a momentum factor associated with investing in Farmacias Benavides SAB.
Regressed Prices |
| Timeline |
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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.Additional Tools for Farmacias Stock Analysis
When running Farmacias Benavides' price analysis, check to measure Farmacias Benavides' 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 Farmacias Benavides is operating at the current time. Most of Farmacias Benavides' value examination focuses on studying past and present price action to predict the probability of Farmacias Benavides' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Farmacias Benavides' price. Additionally, you may evaluate how the addition of Farmacias Benavides to your portfolios can decrease your overall portfolio volatility.