Grupo Gigante (Mexico) Market Value
| GIGANTE Stock | MXN 28.00 1.86 7.12% |
| Symbol | Grupo |
Grupo Gigante '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 Gigante'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 Gigante.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Grupo Gigante on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Gigante S or generate 0.0% return on investment in Grupo Gigante over 30 days. Grupo Gigante is related to or competes with Enphase Energy,, Value Grupo, Prudential Plc, Mastercard Incorporated, NVIDIA, Visa, and Eli Lilly. V., together with its subsidiaries, operates self-service stores that sell office supplies, electronic goods, and housew... More
Grupo Gigante 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 Gigante'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 Gigante S upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 15.67 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 4.56 |
Grupo Gigante Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Gigante's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Gigante's standard deviation. In reality, there are many statistical measures that can use Grupo Gigante historical prices to predict the future Grupo Gigante's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.2586 | |||
| Total Risk Alpha | 0.1488 | |||
| Sortino Ratio | 0.0648 | |||
| Treynor Ratio | (0.90) |
Grupo Gigante S Backtested Returns
At this point, Grupo Gigante is very steady. Grupo Gigante S holds Efficiency (Sharpe) Ratio of 0.0791, which attests that the entity had a 0.0791% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Grupo Gigante S, which you can use to evaluate the volatility of the firm. Please check out Grupo Gigante's Downside Deviation of 3.31, market risk adjusted performance of (0.89), and Risk Adjusted Performance of 0.0963 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Grupo Gigante has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grupo Gigante are expected to decrease at a much lower rate. During the bear market, Grupo Gigante is likely to outperform the market. Grupo Gigante S right now retains a risk of 1.72%. Please check out Grupo Gigante expected short fall, and the relationship between the value at risk and rate of daily change , to decide if Grupo Gigante will be following its current trending patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Grupo Gigante S has very good reverse predictability. Overlapping area represents the amount of predictability between Grupo Gigante 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 Grupo Gigante S price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Grupo Gigante price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Grupo Gigante S lagged returns against current returns
Autocorrelation, which is Grupo Gigante 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 Gigante's stock expected returns. We can calculate the autocorrelation of Grupo Gigante returns to help us make a trade decision. For example, suppose you find that Grupo Gigante 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 Gigante 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 Gigante stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Gigante stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Gigante stock over time.
Current vs Lagged Prices |
| Timeline |
Grupo Gigante Lagged Returns
When evaluating Grupo Gigante's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Gigante stock have on its future price. Grupo Gigante 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 Gigante autocorrelation shows the relationship between Grupo Gigante stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Gigante S.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Grupo Stock
Grupo Gigante financial ratios help investors to determine whether Grupo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grupo with respect to the benefits of owning Grupo Gigante security.