Grupo Aeroportuario (Germany) Market Value
| G9N1 Stock | EUR 17.90 0.40 2.19% |
| Symbol | Grupo |
Grupo Aeroportuario '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 Aeroportuario'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 Aeroportuario.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Grupo Aeroportuario on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Aeroportuario del or generate 0.0% return on investment in Grupo Aeroportuario over 30 days. Grupo Aeroportuario is related to or competes with Aena SME, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. Grupo Aeroportuario del Pacfico, S.A.B. de C.V More
Grupo Aeroportuario 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 Aeroportuario'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 Aeroportuario del upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.1369 | |||
| Maximum Drawdown | 74.07 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.61 |
Grupo Aeroportuario Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Aeroportuario's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Aeroportuario's standard deviation. In reality, there are many statistical measures that can use Grupo Aeroportuario historical prices to predict the future Grupo Aeroportuario's volatility.| Risk Adjusted Performance | 0.1182 | |||
| Jensen Alpha | 1.13 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.5701 | |||
| Treynor Ratio | 0.7198 |
Grupo Aeroportuario del Backtested Returns
Grupo Aeroportuario is slightly risky given 3 months investment horizon. Grupo Aeroportuario del holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.35% are justified by taking the suggested risk. Use Grupo Aeroportuario del Market Risk Adjusted Performance of 0.7298, risk adjusted performance of 0.1182, and Downside Deviation of 2.15 to evaluate company specific risk that cannot be diversified away. Grupo Aeroportuario holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.86, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Grupo Aeroportuario will likely underperform. Use Grupo Aeroportuario del maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to analyze future returns on Grupo Aeroportuario del.
Auto-correlation | 0.40 |
Average predictability
Grupo Aeroportuario del has average predictability. Overlapping area represents the amount of predictability between Grupo Aeroportuario time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Aeroportuario del price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Grupo Aeroportuario price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Grupo Aeroportuario del lagged returns against current returns
Autocorrelation, which is Grupo Aeroportuario 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 Aeroportuario's stock expected returns. We can calculate the autocorrelation of Grupo Aeroportuario returns to help us make a trade decision. For example, suppose you find that Grupo Aeroportuario 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 Aeroportuario 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 Aeroportuario stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Aeroportuario stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Aeroportuario stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Aeroportuario Lagged Returns
When evaluating Grupo Aeroportuario's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Aeroportuario stock have on its future price. Grupo Aeroportuario 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 Aeroportuario autocorrelation shows the relationship between Grupo Aeroportuario stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Aeroportuario del.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Grupo Stock
When determining whether Grupo Aeroportuario del offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grupo Aeroportuario's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grupo Aeroportuario Del Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grupo Aeroportuario Del Stock:Check out Grupo Aeroportuario Correlation, Grupo Aeroportuario Volatility and Grupo Aeroportuario Alpha and Beta module to complement your research on Grupo Aeroportuario. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Grupo Aeroportuario 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.