Genco Shipping Stock Forecast - Daily Balance Of Power
| GNU1 Stock | EUR 15.04 0.01 0.07% |
Genco Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Genco Shipping's historical fundamentals, such as revenue growth or operating cash flow patterns.
Genco |
| Check Genco Shipping Volatility | Backtest Genco Shipping | Trend Details |
Genco Shipping Trading Date Momentum
| On January 05 2024 Genco Shipping Trading was traded for 13.83 at the closing time. The maximum traded price for the trading interval was 13.83 and the lowest daily price was 13.83 . The daily volume was recorded at 6.6 K. The volume of trading on 5th of January 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 2.47% . The overall trading delta to the closing price today is 5.99% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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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.
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 | 1.39 | |||
| Semi Deviation | 1.7 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.54 | |||
| Downside Variance | 2.98 | |||
| Semi Variance | 2.88 | |||
| Expected Short fall | (1.44) |
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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Additional Information and Resources on Investing in Genco Stock
When determining whether Genco Shipping Trading is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Genco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Genco Shipping Trading Stock. Highlighted below are key reports to facilitate an investment decision about Genco Shipping Trading Stock:Check out Historical Fundamental Analysis of Genco Shipping to cross-verify your projections. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.