Fomento Economico Mexicano Stock Market Value
| FMX Stock | USD 115.11 0.79 0.68% |
| Symbol | Fomento |
Fomento Economico Price To Book Ratio
Is Fomento Economico's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fomento Economico. If investors know Fomento will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fomento Economico listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Dividend Share 4.397 | Earnings Share 4.87 | Revenue Per Share 2 K | Quarterly Revenue Growth 0.124 |
The market value of Fomento Economico is measured differently than its book value, which is the value of Fomento that is recorded on the company's balance sheet. Investors also form their own opinion of Fomento Economico's value that differs from its market value or its book value, called intrinsic value, which is Fomento Economico's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fomento Economico's market value can be influenced by many factors that don't directly affect Fomento Economico's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fomento Economico's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fomento Economico is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fomento Economico'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.
Fomento Economico '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 Fomento Economico'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 Fomento Economico.
| 05/03/2023 |
| 04/27/2024 |
If you would invest 0.00 in Fomento Economico on May 3, 2023 and sell it all today you would earn a total of 0.00 from holding Fomento Economico Mexicano or generate 0.0% return on investment in Fomento Economico over 360 days. Fomento Economico is related to or competes with Ambev SA, Boston Beer, Carlsberg, Molson Coors, Compania Cervecerias, Anheuser Busch, and Heineken. Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark bevera... More
Fomento Economico 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 Fomento Economico'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 Fomento Economico Mexicano upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 14.82 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.19 |
Fomento Economico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fomento Economico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fomento Economico's standard deviation. In reality, there are many statistical measures that can use Fomento Economico historical prices to predict the future Fomento Economico's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fomento Economico'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.
Fomento Economico Backtested Returns
Fomento Economico secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Fomento Economico Mexicano exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento Economico's Variance of 4.06, mean deviation of 1.22, and Standard Deviation of 2.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Fomento Economico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fomento Economico is expected to be smaller as well. Fomento Economico has an expected return of -0.23%. Please make sure to confirm Fomento Economico jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Fomento Economico performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Fomento Economico Mexicano has good predictability. Overlapping area represents the amount of predictability between Fomento Economico time series from 3rd of May 2023 to 30th of October 2023 and 30th of October 2023 to 27th 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 Fomento Economico price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Fomento Economico price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 41.53 |
Fomento Economico lagged returns against current returns
Autocorrelation, which is Fomento Economico 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 Fomento Economico's stock expected returns. We can calculate the autocorrelation of Fomento Economico returns to help us make a trade decision. For example, suppose you find that Fomento Economico 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 |
Fomento Economico 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 Fomento Economico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fomento Economico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fomento Economico stock over time.
Current vs Lagged Prices |
| Timeline |
Fomento Economico Lagged Returns
When evaluating Fomento Economico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fomento Economico stock have on its future price. Fomento Economico 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, Fomento Economico autocorrelation shows the relationship between Fomento Economico stock current value and its past values and can show if there is a momentum factor associated with investing in Fomento Economico Mexicano.
Regressed Prices |
| Timeline |
Fomento Economico Investors Sentiment
The influence of Fomento Economico's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fomento. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Fomento Economico's public news can be used to forecast risks associated with an investment in Fomento. The trend in average sentiment can be used to explain how an investor holding Fomento can time the market purely based on public headlines and social activities around Fomento Economico Mexicano. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Fomento Economico's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fomento Economico's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fomento Economico's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fomento Economico.
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 Fomento Economico 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, Fomento Economico's short interest history, or implied volatility extrapolated from Fomento Economico options trading.
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When running Fomento Economico's price analysis, check to measure Fomento Economico'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 Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.
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