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MXF (Mexico Fund) Mohanram G-Score : 0 (As of Oct. 2024)


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What is Mexico Fund Mohanram G-Score?

Mohanram G-Score is a financial indicator developed by professor Partha Mohanram to help investors find the best investment opportunities in the growth stocks. Companies have higher G-score tends to generate higher return. According to his study, the best growth stocks that have a G-Score greater than 6 tend to beat the market, while those with a G-Score lower than 1 tend to have negative absolute returns.

Thus, the zones of discrimination were as such:

Good or high score = 6, 7, 8
Bad or low score = 0, 1

Mexico Fund has an G-score of 0. It is a bad or low score, which tends to have negative absolute returns.

The historical rank and industry rank for Mexico Fund's Mohanram G-Score or its related term are showing as below:


Mexico Fund Mohanram G-Score Historical Data

The historical data trend for Mexico Fund's Mohanram G-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mexico Fund Mohanram G-Score Chart

Mexico Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Mohanram G-Score
Get a 7-Day Free Trial N/A N/A N/A N/A -

Mexico Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
Mohanram G-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A -

Mexico Fund Mohanram G-Score Calculation

The calculation of the Mohanram G-score consists of eight criteria. Assign one point for each criterion met, then add up all the points to get the G-Score.

Profitability

Question 1. Return on Assets (ROA)

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. It measures how well a company uses its asset to generate earnings.

Score 1 if ROA > ROA Industry Median, 0 otherwise.

Question 2. Cash ROA

Cash ROA equals to Cash Flow from Operations divided by average Total Assets. It measures how well a company uses its asset to generate cash.

Score 1 if Cash ROA > Cash ROA Industry Median, 0 otherwise.

Question 3. CFO and Net Income

Score 1 if CFO > Net Income, 0 otherwise.

Earnings Predictability

Question 4. Earnings Variability

Earnings Variability is measured as the variance of a firm's ROA in the past five years.

Score 1 if Earnings Variability < Earnings Variability Industry Median, 0 otherwise.

Question 5. Sales Growth Variability

Sales Growth Variability is measured as the 5-year variance in sales growth.

Score 1 if Sales Growth Variability < Sales Growth Variability Industry Median, 0 otherwise.

Accounting Conservatism

Question 6. Research & Development Intensity

Research & Development Intensity is calcualted by Research & Development divided by the beginning Total Assets.

Score 1 if Research & Development Intensity > Research & Development Intensity Industry Median, 0 otherwise.

Question 7. CAPEX Intensity

CAPEX Intensity is calcualted by Capital Expenditure divided by the beginning Total Assets.

Score 1 if CAPEX Intensity > CAPEX Intensity Industry Median, 0 otherwise.

Question 8. Advertising Expenditure Intensity

Advertising Expenditure Intensity is calcualted by Advertising Expenditure divided by the beginning Total Assets. Note that Advertising Expenditure is not reported as a seperate line item for many companies, thus Selling, General, & Admin. Expense is used in this calculation.

Score 1 if Advertising Expenditure Intensity > Advertising Expenditure Intensity Industry Median, 0 otherwise.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Note that all the Industry Median used for comparison in his original research, are substituted with Sector Median due to the limitation of data within certain countries.

Good or high score = 6, 7, 8
Bad or low score = 0, 1

Mexico Fund has an G-score of 0. It is a bad or low score, which tends to have negative absolute returns.

Mexico Fund  (NYSE:MXF) Mohanram G-Score Explanation

Partha Mohanram is the John H. Watson Chair in Value Investing at Rotman and the Acting Vice-Dean of Research Strategy and Resources.

In 2000, he wrote a research paper called "Separating Winners from Losers Among Low Book-to-Market Stocks Using Financial Statement Analysis".

This paper tests whether a strategy based on financial statement analysis of low book-to-market (growth) stocks is successful in differentiating between winners and losers in terms of future stock performance. Based on the research, a strategy based on buying high G-score (6, 7 or 8) firms and shorting low G-score (0 or 1) firms consistently earns significant excess returns. Further, the results do not support a risk based explanation for the book-to-market effect as the strategy returns positive returns in all years, and firms that ex-ante appear less risky have better future returns.

To conclude, one can use a modified fundamental analysis strategy (G-score) to identify mispricing and earn substantial abnormal returns.


Mexico Fund Mohanram G-Score Related Terms

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Mexico Fund Business Description

Traded in Other Exchanges
N/A
Address
6700 Alexander Bell Drive, Suite 200, Columbia, MD, USA, 21046
Mexico Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation. The fund seeks to achieve its objective through investment in securities, primary in equity, listed on the Mexican Stock Exchange. The company's portfolio of investments consists of investments in different sectors such as auto parts, airports, building materials, chemical products, consumer products, energy, food, and other sectors. The fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
Executives
Impulsora Del Fondo Mexico Sa De Cv other: Investment Adviser 77 ARISTOTELES, POLANCO MEXICO DF O5 11560
Alberto Osorio officer: Sr VP, Treasurer and CFO C/O MEXICO FUND, 1775 I STREET NW, WASHINGTON DC 20006
Claudia Janez director BOSQUE DE ZAPOTES 12, BOSQUES DE LAS LOMAS, CIUDAD DE MEXICO O5 11700
Tofi Dayan officer: Treasurer 77 ARISTOTELES STREET, 3RD FLOOR, POLANO O5 11560
Alberto Gomez Pimienta officer: Operations Vice President THE MEXICO FUND, INC., 1775 I STREET, NW, WASHINGTON DC 20006
Jorge Alamillo officer: Chief Compliance Officer 77 ARISTOTELES STREET, 3RD FLOOR, POLANCO MEXICO DF O5 11560
Edward P Djerejian director 2027 SUNSET BOULEVARD, HOUSTON TX 77005
Jonathan Davis Arzac director MONTE PELVOUX 220 PISO 6, LOMAS DE CHAPULTEPEC O5 11000
Marc J Shapiro director J.P. MORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Robert L Knauss director 5151 SAN FELIPE, SUITE 1661, HOUSTON TX 77056
Emilio Carrillo Gamboa director C/O DECHERT,1775 EYE STREET NW, 1775 EYE STREET NW, WASHINGTON DC 20006
Eugenio Clariond director VASCONCELOS 220 OTE., COL. RESIDENCIAL SAN AGUSTIN, SAN PEDRO GARZA GARCIA, N.L. O5 66260
Gomez Pimienta Jose Luis director 77 ARISTOTELES, 3RD FLOOR, POLANCO D.F. O5 11560
Puche Jaime Serra director C/O DECHERT,1775 EYE STREET NW, 1775 EYE STREET NW, WASHINGTON DC 20006
Jose Luis Gomez Pimienta director

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