Genesis Healthcare Pink Sheet Forecast - Day Typical Price
GENNDelisted Stock | USD 0.01 0.00 0.00% |
Genesis Pink Sheet Forecast is based on your current time horizon.
Genesis |
Previous Day Typical Price | Day Typical Price | Trend |
0.0121 | 0.0121 |
Check Genesis Healthcare Volatility | Backtest Genesis Healthcare | Information Ratio |
Genesis Healthcare Trading Date Momentum
On November 28 2024 Genesis Healthcare was traded for 0.01 at the closing time. The top price for the day was 0.01 and the lowest listed price was 0.01 . There was no trading activity during the period 0.0. Lack of trading volume on November 28, 2024 did not cause price change. The overall trading delta against the current closing price is 0.00% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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Risk & Return | Correlation |
Genesis Healthcare Market Strength Events
Market strength indicators help investors to evaluate how Genesis Healthcare pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genesis Healthcare shares will generate the highest return on investment. By undertsting and applying Genesis Healthcare pink sheet market strength indicators, traders can identify Genesis Healthcare entry and exit signals to maximize returns.
Rate Of Daily Change | 1.0 | |||
Day Median Price | 0.0121 | |||
Day Typical Price | 0.0121 | |||
Relative Strength Index | 55.87 |
Genesis Healthcare Risk Indicators
The analysis of Genesis Healthcare's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Genesis Healthcare's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genesis pink sheet prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 3.63 | |||
Standard Deviation | 11.48 | |||
Variance | 131.79 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Genesis Healthcare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Genesis Healthcare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Genesis Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against Genesis Pink Sheet
The ability to find closely correlated positions to Genesis Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesis Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Genesis Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Genesis Healthcare to buy it.
The correlation of Genesis Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesis Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesis Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Genesis Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Other Consideration for investing in Genesis Pink Sheet
If you are still planning to invest in Genesis Healthcare check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Genesis Healthcare's history and understand the potential risks before investing.
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