Grupo Herdez (Mexico) Market Value

HERDEZ Stock  MXN 54.21  2.90  5.65%   
Grupo Herdez's market value is the price at which a share of Grupo Herdez trades on a public exchange. It measures the collective expectations of Grupo Herdez SAB investors about its performance. Grupo Herdez is trading at 54.21 as of the 24th of December 2024, a 5.65 percent up since the beginning of the trading day. The stock's open price was 51.31.
With this module, you can estimate the performance of a buy and hold strategy of Grupo Herdez SAB and determine expected loss or profit from investing in Grupo Herdez over a given investment horizon. Check out Grupo Herdez Correlation, Grupo Herdez Volatility and Grupo Herdez Alpha and Beta module to complement your research on Grupo Herdez.
Symbol

Please note, there is a significant difference between Grupo Herdez's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grupo Herdez is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grupo Herdez'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.

Grupo Herdez '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 Herdez'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 Herdez.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Grupo Herdez on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Grupo Herdez SAB or generate 0.0% return on investment in Grupo Herdez over 30 days. Grupo Herdez is related to or competes with Enphase Energy,, Value Grupo, Prudential Plc, Mastercard Incorporated, NVIDIA, Visa, and Eli Lilly. Grupo Herdez, S.A.B. de C.V., a food company, engages in the manufacture, purchase, distribution, and marketing of canne... More

Grupo Herdez 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 Herdez'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 Herdez SAB upside and downside potential and time the market with a certain degree of confidence.

Grupo Herdez Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Grupo Herdez's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grupo Herdez's standard deviation. In reality, there are many statistical measures that can use Grupo Herdez historical prices to predict the future Grupo Herdez's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grupo Herdez'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.
Hype
Prediction
LowEstimatedHigh
52.1554.2156.27
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Intrinsic
Valuation
LowRealHigh
42.2944.3559.63
Details

Grupo Herdez SAB Backtested Returns

At this point, Grupo Herdez is very steady. Grupo Herdez SAB holds Efficiency (Sharpe) Ratio of 0.0436, which attests that the entity had a 0.0436% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Grupo Herdez SAB, which you can use to evaluate the volatility of the firm. Please check out Grupo Herdez's Downside Deviation of 1.64, market risk adjusted performance of (0.42), and Risk Adjusted Performance of 0.0472 to validate if the risk estimate we provide is consistent with the expected return of 0.0899%. Grupo Herdez has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grupo Herdez are expected to decrease at a much lower rate. During the bear market, Grupo Herdez is likely to outperform the market. Grupo Herdez SAB right now retains a risk of 2.06%. Please check out Grupo Herdez skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Grupo Herdez will be following its current trending patterns.

Auto-correlation

    
  -0.25  

Weak reverse predictability

Grupo Herdez SAB has weak reverse predictability. Overlapping area represents the amount of predictability between Grupo Herdez time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Herdez SAB price movement. The serial correlation of -0.25 indicates that over 25.0% of current Grupo Herdez price fluctuation can be explain by its past prices.
Correlation Coefficient-0.25
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.83

Grupo Herdez SAB lagged returns against current returns

Autocorrelation, which is Grupo Herdez 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 Herdez's stock expected returns. We can calculate the autocorrelation of Grupo Herdez returns to help us make a trade decision. For example, suppose you find that Grupo Herdez 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 Herdez 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 Herdez stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grupo Herdez stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grupo Herdez stock over time.
   Current vs Lagged Prices   
       Timeline  

Grupo Herdez Lagged Returns

When evaluating Grupo Herdez's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grupo Herdez stock have on its future price. Grupo Herdez 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 Herdez autocorrelation shows the relationship between Grupo Herdez stock current value and its past values and can show if there is a momentum factor associated with investing in Grupo Herdez SAB.
   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 Herdez 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 Herdez security.