Mexico Equity andome Fund (Mexico Equity andome Fund) GF Value Rank : 0 (As of Apr. 30, 2024)

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What is Mexico Equity andome Fund GF Value Rank?

Mexico Equity andome Fund has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Mexico Equity andome Fund GF Value Rank Related Terms

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Mexico Equity andome Fund (Mexico Equity andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mexico Equity and Income Fund Inc (NYSE:MXE) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 East Michigan Street, Milwaukee, WI, USA, 53202

Website

https://www.mxefund.com

Mexico Equity and Income Fund Inc is a closed-end, non-diversified management investment company. It maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The company 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

Rajeev P Das	director	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Richard Leo Abraham	director	143 COLFAX ROAD, HAVERTOWN PA 19083
Stephanie Darling	officer: Chief Compliance Officer	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
City Of London Investment Group Plc	10 percent owner	77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Phillip Goldstein	director	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
City Of London Investment Management Co Ltd	10 percent owner	77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Andrew Dakos	director	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Glenn Goodstein	director	C/O THE MEXICO EQUITY AND INCOME FUND, 615 EAST MICHIGAN STREET, 2ND FLOOR, MILWAUKEE WI 53202
Maria Eugenia Pichardo	director, officer: President	C/O PICHARDO ASSET MANAGEMENT, PASEO DE TAMARINDOS 45-201, BOSQUES DE LAS LOMAS O5 DF 05120
Bank Ag\ Deutsche	10 percent owner	TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN 2M 00000

Mexico Equity andome Fund (Mexico Equity andome Fund) Headlines

From GuruFocus

The Mexico Equity and Income Fund Announces Non-Transferable Rights Offering

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By Business Wire Business Wire • 10-12-2021

The Mexico Equity and Income Fund Announces New Transfer Agent

By Business Wire Business Wire • 02-01-2023

The Mexico Equity and Income Fund, Inc. Announces Cash Dividend

By Business Wire • 12-18-2023