Genomma Lab (Mexico) Market Value
| LABB Stock | MXN 14.59 0.52 3.44% |
| Symbol | Genomma |
Genomma Lab '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 Genomma Lab'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 Genomma Lab.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Genomma Lab on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Genomma Lab Internacional or generate 0.0% return on investment in Genomma Lab over 30 days. Genomma Lab is related to or competes with Gruma SAB, Alfa SAB, Kimberly Clark, Grupo Mxico, and Grupo Financiero. Genomma Lab Internacional, S.A.B. de C.V More
Genomma Lab 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 Genomma Lab'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 Genomma Lab Internacional upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0204 | |||
| Maximum Drawdown | 14.07 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 3.8 |
Genomma Lab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genomma Lab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genomma Lab's standard deviation. In reality, there are many statistical measures that can use Genomma Lab historical prices to predict the future Genomma Lab's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.099 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.3444 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Genomma Lab'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.
Genomma Lab Internacional Backtested Returns
We consider Genomma Lab not too volatile. Genomma Lab Internacional holds Efficiency (Sharpe) Ratio of 0.0125, which attests that the entity had a 0.0125% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Genomma Lab Internacional, which you can use to evaluate the volatility of the firm. Please check out Genomma Lab's Risk Adjusted Performance of 0.0426, market risk adjusted performance of 0.3544, and Downside Deviation of 2.19 to validate if the risk estimate we provide is consistent with the expected return of 0.031%. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genomma Lab's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genomma Lab is expected to be smaller as well. Genomma Lab Internacional right now retains a risk of 2.48%. Please check out Genomma Lab sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Genomma Lab will be following its current trending patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Genomma Lab Internacional has insignificant reverse predictability. Overlapping area represents the amount of predictability between Genomma Lab time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Genomma Lab Internacional price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Genomma Lab price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Genomma Lab Internacional lagged returns against current returns
Autocorrelation, which is Genomma Lab 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 Genomma Lab's stock expected returns. We can calculate the autocorrelation of Genomma Lab returns to help us make a trade decision. For example, suppose you find that Genomma Lab 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 |
Genomma Lab 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 Genomma Lab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genomma Lab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genomma Lab stock over time.
Current vs Lagged Prices |
| Timeline |
Genomma Lab Lagged Returns
When evaluating Genomma Lab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genomma Lab stock have on its future price. Genomma Lab 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, Genomma Lab autocorrelation shows the relationship between Genomma Lab stock current value and its past values and can show if there is a momentum factor associated with investing in Genomma Lab Internacional.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Genomma Lab in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Genomma Lab's short interest history, or implied volatility extrapolated from Genomma Lab options trading.
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Complementary Tools for Genomma Stock analysis
When running Genomma Lab's price analysis, check to measure Genomma Lab'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 Genomma Lab is operating at the current time. Most of Genomma Lab's value examination focuses on studying past and present price action to predict the probability of Genomma Lab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genomma Lab's price. Additionally, you may evaluate how the addition of Genomma Lab to your portfolios can decrease your overall portfolio volatility.
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