GMxico Transportes (Mexico) Market Value
| GMXT Stock | MXN 31.67 1.10 3.60% |
| Symbol | GMxico |
GMxico Transportes '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 GMxico Transportes' 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 GMxico Transportes.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in GMxico Transportes on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding GMxico Transportes SAB or generate 0.0% return on investment in GMxico Transportes over 180 days. GMxico Transportes is related to or competes with Grupo Mxico, Select Sector, Promotora, SPDR Series, Vanguard World, IShares Trust, and IShares Trust. It provides general hauling and intermodal railroad services, as well as passenger transportation services and ancillary... More
GMxico Transportes 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 GMxico Transportes' 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 GMxico Transportes SAB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 14.26 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.92 |
GMxico Transportes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GMxico Transportes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GMxico Transportes' standard deviation. In reality, there are many statistical measures that can use GMxico Transportes historical prices to predict the future GMxico Transportes' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.19) |
GMxico Transportes SAB Backtested Returns
GMxico Transportes SAB holds Efficiency (Sharpe) Ratio of -0.0326, which attests that the entity had a -0.0326% return per unit of risk over the last 3 months. GMxico Transportes SAB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GMxico Transportes' Standard Deviation of 2.05, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.18) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GMxico Transportes' returns are expected to increase less than the market. However, during the bear market, the loss of holding GMxico Transportes is expected to be smaller as well. At this point, GMxico Transportes SAB has a negative expected return of -0.0685%. Please make sure to check out GMxico Transportes' kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if GMxico Transportes SAB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
GMxico Transportes SAB has average predictability. Overlapping area represents the amount of predictability between GMxico Transportes time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 GMxico Transportes SAB price movement. The serial correlation of 0.46 indicates that about 46.0% of current GMxico Transportes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
GMxico Transportes SAB lagged returns against current returns
Autocorrelation, which is GMxico Transportes 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 GMxico Transportes' stock expected returns. We can calculate the autocorrelation of GMxico Transportes returns to help us make a trade decision. For example, suppose you find that GMxico Transportes 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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GMxico Transportes 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 GMxico Transportes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GMxico Transportes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GMxico Transportes stock over time.
Current vs Lagged Prices |
| Timeline |
GMxico Transportes Lagged Returns
When evaluating GMxico Transportes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GMxico Transportes stock have on its future price. GMxico Transportes 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, GMxico Transportes autocorrelation shows the relationship between GMxico Transportes stock current value and its past values and can show if there is a momentum factor associated with investing in GMxico Transportes 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 GMxico Stock Analysis
When running GMxico Transportes' price analysis, check to measure GMxico Transportes' 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 GMxico Transportes is operating at the current time. Most of GMxico Transportes' value examination focuses on studying past and present price action to predict the probability of GMxico Transportes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GMxico Transportes' price. Additionally, you may evaluate how the addition of GMxico Transportes to your portfolios can decrease your overall portfolio volatility.