PEMEX PROJ FDG Market Value
| 706451BR1 | 71.38 4.70 6.18% |
| Symbol | PEMEX |
PEMEX '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 PEMEX's bond 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 PEMEX.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in PEMEX on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding PEMEX PROJ FDG or generate 0.0% return on investment in PEMEX over 540 days. PEMEX is related to or competes with 00108WAF7, 90331HPL1, Trade Desk, Atomera, Gladstone Commercial, Cisco Systems, and Main Street. More
PEMEX 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 PEMEX's bond 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 PEMEX PROJ FDG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.45 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 27.51 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 4.38 |
PEMEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PEMEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PEMEX's standard deviation. In reality, there are many statistical measures that can use PEMEX historical prices to predict the future PEMEX's volatility.| Risk Adjusted Performance | 0.0222 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1071 |
PEMEX PROJ FDG Backtested Returns
At this point, PEMEX is very steady. PEMEX PROJ FDG maintains Sharpe Ratio (i.e., Efficiency) of 0.0077, which implies the entity had a 0.0077% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for PEMEX PROJ FDG, which you can use to evaluate the volatility of the bond. Please check PEMEX's semi deviation of 4.16, and Risk Adjusted Performance of 0.0222 to confirm if the risk estimate we provide is consistent with the expected return of 0.0148%. The bond holds a Beta of 0.61, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PEMEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding PEMEX is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
PEMEX PROJ FDG has average predictability. Overlapping area represents the amount of predictability between PEMEX time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 PEMEX PROJ FDG price movement. The serial correlation of 0.42 indicates that just about 42.0% of current PEMEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 8.08 |
PEMEX PROJ FDG lagged returns against current returns
Autocorrelation, which is PEMEX bond'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 PEMEX's bond expected returns. We can calculate the autocorrelation of PEMEX returns to help us make a trade decision. For example, suppose you find that PEMEX has exhibited high autocorrelation historically, and you observe that the bond 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 |
PEMEX 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 PEMEX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PEMEX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PEMEX bond over time.
Current vs Lagged Prices |
| Timeline |
PEMEX Lagged Returns
When evaluating PEMEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PEMEX bond have on its future price. PEMEX 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, PEMEX autocorrelation shows the relationship between PEMEX bond current value and its past values and can show if there is a momentum factor associated with investing in PEMEX PROJ FDG.
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 PEMEX Bond
PEMEX financial ratios help investors to determine whether PEMEX Bond 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 PEMEX with respect to the benefits of owning PEMEX security.