Grupo Herdez (Mexico) Market Value
| HERDEZ Stock | MXN 48.85 0.15 0.31% |
| Symbol | Grupo |
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.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Grupo Herdez on April 6, 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 Genomma Lab, and El Puerto. 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.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.0152 | |||
| Maximum Drawdown | 7.82 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 3.4 |
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.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | 0.0763 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0171 | |||
| Treynor Ratio | 0.3559 |
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.
Grupo Herdez SAB Backtested Returns
We consider Grupo Herdez very steady. Grupo Herdez SAB holds Efficiency (Sharpe) Ratio of 0.0941, which attests that the entity had a 0.0941% return per unit of risk over the last 3 months. We have found thirty technical indicators for Grupo Herdez SAB, which you can use to evaluate the volatility of the firm. Please check out Grupo Herdez's Risk Adjusted Performance of 0.0457, market risk adjusted performance of 0.3659, and Downside Deviation of 1.48 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Grupo Herdez has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grupo Herdez's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grupo Herdez is expected to be smaller as well. Grupo Herdez SAB right now retains a risk of 1.71%. 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 | -0.52 |
Good reverse predictability
Grupo Herdez SAB has good reverse predictability. Overlapping area represents the amount of predictability between Grupo Herdez time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 -0.52 indicates that about 52.0% of current Grupo Herdez price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
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 |
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 Grupo Herdez 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, Grupo Herdez's short interest history, or implied volatility extrapolated from Grupo Herdez options trading.
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Try AI Portfolio ArchitectCheck out Grupo Herdez Correlation, Grupo Herdez Volatility and Grupo Herdez Alpha and Beta module to complement your research on Grupo Herdez. Note that the Grupo Herdez SAB information on this page should be used as a complementary analysis to other Grupo Herdez's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Grupo Stock analysis
When running Grupo Herdez's price analysis, check to measure Grupo Herdez'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 Grupo Herdez is operating at the current time. Most of Grupo Herdez's value examination focuses on studying past and present price action to predict the probability of Grupo Herdez's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grupo Herdez's price. Additionally, you may evaluate how the addition of Grupo Herdez to your portfolios can decrease your overall portfolio volatility.
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Grupo Herdez technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.