Industrias (Mexico) Market Value
| ICHB Stock | MXN 180.00 4.10 2.23% |
| Symbol | Industrias |
Industrias '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 Industrias' 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 Industrias.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Industrias on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Industrias CH S or generate 0.0% return on investment in Industrias over 390 days. Industrias is related to or competes with Pea Verde, Farmacias Benavides, Alfa SAB, Southern Copper, Organizacin Soriana, G Collado, and Compaa Minera. V., through its subsidiaries, engages in the production and processing of steel in Mexico and North America More
Industrias 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 Industrias' 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 Industrias CH S upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.45 |
Industrias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrias' standard deviation. In reality, there are many statistical measures that can use Industrias historical prices to predict the future Industrias' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.61) |
Industrias CH S Backtested Returns
Industrias CH S holds Efficiency (Sharpe) Ratio of -0.0524, which attests that the entity had a -0.0524% return per unit of risk over the last 3 months. Industrias CH S exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Industrias' Market Risk Adjusted Performance of (0.60), risk adjusted performance of (0.04), and Standard Deviation of 1.11 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Industrias' returns are expected to increase less than the market. However, during the bear market, the loss of holding Industrias is expected to be smaller as well. At this point, Industrias CH S has a negative expected return of -0.0604%. Please make sure to check out Industrias' variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Industrias CH S performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Industrias CH S has poor predictability. Overlapping area represents the amount of predictability between Industrias time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Industrias CH S price movement. The serial correlation of 0.25 indicates that over 25.0% of current Industrias price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 9.18 |
Industrias CH S lagged returns against current returns
Autocorrelation, which is Industrias 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 Industrias' stock expected returns. We can calculate the autocorrelation of Industrias returns to help us make a trade decision. For example, suppose you find that Industrias 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 |
Industrias 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 Industrias stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrias stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrias stock over time.
Current vs Lagged Prices |
| Timeline |
Industrias Lagged Returns
When evaluating Industrias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrias stock have on its future price. Industrias 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, Industrias autocorrelation shows the relationship between Industrias stock current value and its past values and can show if there is a momentum factor associated with investing in Industrias CH S.
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 Industrias Stock Analysis
When running Industrias' price analysis, check to measure Industrias' 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 Industrias is operating at the current time. Most of Industrias' value examination focuses on studying past and present price action to predict the probability of Industrias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Industrias' price. Additionally, you may evaluate how the addition of Industrias to your portfolios can decrease your overall portfolio volatility.