Genco Shipping Stock Forecast - Simple Regression
| GNK Stock | USD 14.55 0.03 0.21% |
The Simple Regression forecasted value of Genco Shipping Trading on the next trading day is expected to be 13.53 with a mean absolute deviation of 0.63 and the sum of the absolute errors of 38.15. Genco Stock Forecast is based on your current time horizon. Although Genco Shipping's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Genco Shipping's systematic risk associated with finding meaningful patterns of Genco Shipping fundamentals over time.
Genco |
Open Interest Against 2025-03-21 Genco Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Genco Shipping's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Genco Shipping's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Genco Shipping stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Genco Shipping's open interest, investors have to compare it to Genco Shipping's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Genco Shipping is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Genco. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Genco Shipping Simple Regression Price Forecast For the 31st of January
Given 90 days horizon, the Simple Regression forecasted value of Genco Shipping Trading on the next trading day is expected to be 13.53 with a mean absolute deviation of 0.63, mean absolute percentage error of 0.54, and the sum of the absolute errors of 38.15.Please note that although there have been many attempts to predict Genco Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Genco Shipping's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Genco Shipping Stock Forecast Pattern
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Genco Shipping Forecasted Value
In the context of forecasting Genco Shipping's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Genco Shipping's downside and upside margins for the forecasting period are 11.56 and 15.49, respectively. We have considered Genco Shipping's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Genco Shipping stock data series using in forecasting. Note that when a statistical model is used to represent Genco Shipping stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 117.4914 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6255 |
| MAPE | Mean absolute percentage error | 0.041 |
| SAE | Sum of the absolute errors | 38.1526 |
Predictive Modules for Genco Shipping
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Genco Shipping Trading. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Genco Shipping
For every potential investor in Genco, whether a beginner or expert, Genco Shipping's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Genco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Genco. Basic forecasting techniques help filter out the noise by identifying Genco Shipping's price trends.Genco Shipping Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Genco Shipping stock to make a market-neutral strategy. Peer analysis of Genco Shipping could also be used in its relative valuation, which is a method of valuing Genco Shipping by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Genco Shipping Trading Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Genco Shipping's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Genco Shipping's current price.| Cycle Indicators | ||
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Genco Shipping Market Strength Events
Market strength indicators help investors to evaluate how Genco Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genco Shipping shares will generate the highest return on investment. By undertsting and applying Genco Shipping stock market strength indicators, traders can identify Genco Shipping Trading entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 14.55 | |||
| Day Typical Price | 14.55 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.03) |
Genco Shipping Risk Indicators
The analysis of Genco Shipping'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 Genco Shipping's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genco stock 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 | 1.44 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.56 |
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.
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Is Marine Transportation space 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 Genco Shipping. If investors know Genco 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 Genco Shipping 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 1 | Dividend Share 1.57 | Earnings Share 1.58 | Revenue Per Share | Quarterly Revenue Growth 0.192 |
The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping'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 Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping'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 Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping'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.