GM (Mexico) Market Value
| GM Stock | MXN 1,131 11.00 0.96% |
| Symbol | GM |
GM '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 GM'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 GM.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in GM on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding General Motors or generate 0.0% return on investment in GM over 30 days. GM is related to or competes with Ameriprise Financial, GMxico Transportes, Costco Wholesale, Cognizant Technology, Martin Marietta, and Monster Beverage. General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in Nort... More
GM 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 GM'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 General Motors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 16.58 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 4.45 |
GM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GM's standard deviation. In reality, there are many statistical measures that can use GM historical prices to predict the future GM's volatility.| Risk Adjusted Performance | 0.0873 | |||
| Jensen Alpha | 0.164 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0598 | |||
| Treynor Ratio | 0.2853 |
General Motors Backtested Returns
GM appears to be very steady, given 3 months investment horizon. General Motors holds Efficiency (Sharpe) Ratio of 0.0959, which attests that the entity had a 0.0959% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for General Motors, which you can use to evaluate the volatility of the firm. Please utilize GM's Market Risk Adjusted Performance of 0.2953, downside deviation of 2.67, and Risk Adjusted Performance of 0.0873 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GM holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.96, which attests to possible diversification benefits within a given portfolio. GM returns are very sensitive to returns on the market. As the market goes up or down, GM is expected to follow. Please check GM's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether GM's current trending patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
General Motors has very weak reverse predictability. Overlapping area represents the amount of predictability between GM time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 General Motors price movement. The serial correlation of -0.02 indicates that only 2.0% of current GM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1062.58 |
General Motors lagged returns against current returns
Autocorrelation, which is GM 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 GM's stock expected returns. We can calculate the autocorrelation of GM returns to help us make a trade decision. For example, suppose you find that GM 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 |
GM 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 GM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GM stock over time.
Current vs Lagged Prices |
| Timeline |
GM Lagged Returns
When evaluating GM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GM stock have on its future price. GM 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, GM autocorrelation shows the relationship between GM stock current value and its past values and can show if there is a momentum factor associated with investing in General Motors.
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.Additional Tools for GM Stock Analysis
When running GM's price analysis, check to measure GM's 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 GM is operating at the current time. Most of GM's value examination focuses on studying past and present price action to predict the probability of GM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GM's price. Additionally, you may evaluate how the addition of GM to your portfolios can decrease your overall portfolio volatility.