Almacenes Xito Sa Stock Market Value
| EXTO Stock | 3.74 0.03 0.80% |
| Symbol | Almacenes |
Almacenes xito SA Price To Book Ratio
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Almacenes Xito. If investors know Almacenes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Almacenes Xito listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.04 | Revenue Per Share 128.8 K | Quarterly Revenue Growth (0.01) | Return On Assets 0.0267 | Return On Equity 0.0263 |
The market value of Almacenes xito SA is measured differently than its book value, which is the value of Almacenes that is recorded on the company's balance sheet. Investors also form their own opinion of Almacenes Xito's value that differs from its market value or its book value, called intrinsic value, which is Almacenes Xito's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Almacenes Xito's market value can be influenced by many factors that don't directly affect Almacenes Xito's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Almacenes Xito's value and its price as these two are different measures arrived at by different means. Investors typically determine if Almacenes Xito is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Almacenes Xito'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.
Almacenes Xito '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 Almacenes Xito'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 Almacenes Xito.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in Almacenes Xito on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding Almacenes xito SA or generate 0.0% return on investment in Almacenes Xito over 180 days. Almacenes Xito is related to or competes with Aegean Airlines, Brunswick, JetBlue Airways, Copa Holdings, Emerson Radio, Playtika Holding, and Southwest Airlines. Almacenes Xito is entity of United States More
Almacenes Xito 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 Almacenes Xito'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 Almacenes xito SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 3.91 |
Almacenes Xito Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almacenes Xito's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almacenes Xito's standard deviation. In reality, there are many statistical measures that can use Almacenes Xito historical prices to predict the future Almacenes Xito's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Almacenes Xito'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.
Almacenes xito SA Backtested Returns
Almacenes xito SA secures Sharpe Ratio (or Efficiency) of -0.0626, which signifies that the company had a -0.0626% return per unit of risk over the last 3 months. Almacenes xito SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Almacenes Xito's Standard Deviation of 2.07, risk adjusted performance of (0.05), and Mean Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Almacenes Xito's returns are expected to increase less than the market. However, during the bear market, the loss of holding Almacenes Xito is expected to be smaller as well. At this point, Almacenes xito SA has a negative expected return of -0.13%. Please make sure to confirm Almacenes Xito's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Almacenes xito SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Almacenes xito SA has insignificant predictability. Overlapping area represents the amount of predictability between Almacenes Xito time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 Almacenes xito SA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Almacenes Xito price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Almacenes xito SA lagged returns against current returns
Autocorrelation, which is Almacenes Xito 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 Almacenes Xito's stock expected returns. We can calculate the autocorrelation of Almacenes Xito returns to help us make a trade decision. For example, suppose you find that Almacenes Xito 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 |
Almacenes Xito 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 Almacenes Xito stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almacenes Xito stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almacenes Xito stock over time.
Current vs Lagged Prices |
| Timeline |
Almacenes Xito Lagged Returns
When evaluating Almacenes Xito's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almacenes Xito stock have on its future price. Almacenes Xito 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, Almacenes Xito autocorrelation shows the relationship between Almacenes Xito stock current value and its past values and can show if there is a momentum factor associated with investing in Almacenes xito SA.
Regressed Prices |
| Timeline |
Pair Trading with Almacenes Xito
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Almacenes Xito position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Almacenes Xito will appreciate offsetting losses from the drop in the long position's value.Moving together with Almacenes Stock
Moving against Almacenes Stock
| 0.75 | KR | Kroger Company | PairCorr |
| 0.72 | ACI | Albertsons Companies | PairCorr |
| 0.72 | SFM | Sprouts Farmers Market | PairCorr |
| 0.66 | IMKTA | Ingles Markets | PairCorr |
| 0.66 | DDL | Dingdong ADR | PairCorr |
The ability to find closely correlated positions to Almacenes Xito could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Almacenes Xito when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Almacenes Xito - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Almacenes xito SA to buy it.
The correlation of Almacenes Xito is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almacenes Xito moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almacenes xito SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Almacenes Xito can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Almacenes Xito Correlation, Almacenes Xito Volatility and Almacenes Xito Alpha and Beta module to complement your research on Almacenes Xito. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Almacenes Xito 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.